Teia DAO Token distribution [Discussion]

collection of some previously simulated models

Proposal 1

  • Fixed amount of Teia Tokens minted: 2.000.000
  • 1M TEIAs for user activity
  • 650K (ca 40% of the first drop, ca 30% of total supply) TEIAs for hDAO holders
  • 350k tokens remain in the treasuryfor future drops

Proposal 3

  • Fixed amount of Teia Tokens minted: 3.500.000
  • 2.5M TEIAs for user activity.
  • 650K (ca 20%) TEIAs for hDAO holders
  • 350k to the treasury for future drop

older distribution model proposals:

Distribution Proposal I

proposed by jagracar

Total supply: 1 million

There are several parameters from which one could get tokens:
1: active days on the site
2: participation in the last 3 Teia votes
3: number of minted OBJKTs 4: number of collected OBJKTs
5: number of connections to other users
6: total amount of tez earned selling their OBJKT creations
7: total amount of tez spent collecting
8: hDAO amount

For 2, 3, 4, 5, 6 and 7 i’m taking the square root of the actual number. 1, 2, 3, 4, 5, 6 and 7 are scaled by a multiplicative factor that depends on the user verification: - wallets that have no user name known, get a multiplicative factor of 1 - wallets with a H=N, tzkt or tzprofile user name get a multiplicative factor of 2 - wallets with a H=N, tzkt or tzprofile user name and that have verified their twitter or github or discord account using tzprofiles get a multiplicative factor of 2.5

Each factor has a different weight in the final distribution. 1 gets 35% of the TEIA tokens 2, 3, 4, 5, 6 and 7 get 10% of the TEIA tokens each 8 gets 5% of the TEIA tokens

They add up to 100%, so 1M TEIA tokens.

hDAO whales cope the top positions, but we decreased their shares in the TEIA distribution by a factor of 18.

the top 100 users have less than 5% of the tokens the top 1000 users have 18% of the tokens the top 5000 users have 47% the top 10000 users have 64% the top 40000 users have 93%

Note that there are probably no more than 5000 active users. Most of the users are either bots of accounts that minted/collected one OBJKT one day and they never came again. Those will be getting some tokens, but i presume that most of them will not claim the tokens, so those tokens will go to the DAO treasury.

Distribution Model III:

proposed by denscimonk
outdated - updated proposal see dens comment

Distribution Model V

proposed by Jagracar

In this case there is a 1 to 1 exchange between hDAO and TEIA tokens. In addition to that 1.3M tokens are distributed for our users based on their activity.
In order to get some tokens, the account needs to have at least 5 active days on h=n or teia. That reduces the total list of users from 88k wallets to 37k wallets

There is a scaling factor for all those numbers. Users without any info (only the tz wallet), have a multiplicative factor of 1. Users with some user name in either H=N, tzkt or tzprofiles get a multiplicative factor of 2. Users that in addition have verified their twitter or github or discord using tzprofiles get a multiplication factor of 3.

This scaling factor only applies to the activity tokens, and not to the hDAO based tokens.
So with this numbers 1.89M tokens would be distributed. From those 0.59M would go to hDAO holders (will be larger since i didn’t consider LPs) and 1.3M for activity.
That means 31% of the tokens will go to the hDAO users. The percentage will be a bit larger when LP are considered.

  1. 15% for active days on the sites
  2. 5% for active days on teia. In this case everyone gets the same amount if they were more than 5 days active in teia.
  3. 10% for participating in teia votes
  4. 15% for the number of mints
  5. 15% for the number of collects
  6. 10% for the connections with other users
  7. 15% for the money earned selling their art
  8. 15% for the money spent collecting