Key Information about THRUST
Last updated
Last updated
THRUST is the native token of the Thruster protocol.
THRUST can be used to participate in protocol governance, vote on emissions to pools, and earn protocol fees.
The specific parts of protocol governance that THRUST is able to participate for is exclusively:
Turning on/off the fee switch
Voting on updates to the geographical restrictions of the frontend UI
Voting on the distribution of emissions of THRUST to gauges
The total supply of THRUST will be 500,000,000.
Airdrop: This is distributed to users of the Thruster protocol prior to September 10, 2024.
Liquidity Management: These tokens will be used to provide liquidity for the THRUST token exclusively, and will remain for providing liquidity in perpetuity.
Gauge Emissions: These tokens will be used to provide emissions to the gauges for liquidity pools on Thruster.
Ecosystem Growth: The Thruster Foundation will make these allocations, with the objective of growing the Thruster ecosystem for the benefit of the entire community. This will extend over a multi-year timeframe, ensuring ongoing support for ecosystem growth and innovation, and aligning with the protocol's evolving needs.
Strategic Partners (Investors & Advisors) will be subject to a 6-month cliff period with 15% unlocked at cliff, followed by a 24 month, monthly vesting schedule, for a total of 30 months. Strategic Partners (Investors & Advisors) are able to stake up to their cliff amount for 6-months (at most 15%) to represent their cliff period upon the token structuring event, while contributors are able to stake up to their cliff amount 1 month after the token structuring event for 5-months to represent their cliff period with a delay. Contributors’ tokens are subject to a vesting schedule based on the service period. Vested tokens will start to unlock after the 6-month cliff from the launch with 15% unlocked at cliff, followed by a 24 month, monthly vesting schedule, for a total of 30 months.
Group | Category | % of Total Supply |
---|---|---|
Community (55%)
Airdrop
7% (35,000,000 THRUST)
Liquidity Management
5% (25,000,000 THRUST)
Gauge Emissions
40% (200,000,000 THRUST)
Ecosystem Growth
3% (15,000,000 THRUST)
Contributors (25%)
Contributors
25% (125,000,000 THRUST)
Strategic Partners (20%)
Investors & Advisors
20% (100,000,000 THRUST)