Initial token distribution and token circulating supply

Initial Token Distribution

The initial token distribution took place between January 17, 2022 (Copper Launch) and January 20, 2022 (PDT’s official launch on Uniswap).

Recipient%AmountDescriptionVesting

Early investors

49.1%

79,826,624

Tokens distributed to early investors at $0.34/token

N/A

Operational team

0.9%

1,505,159

Vested tokens distributed to early contributors

1 year, linear (Jan 20, 2022)

Founders

17.1%

27,787,500

Vested tokens distributed to the founders

2 years, linear (Jan 20, 2022)

Treasury reserves

2.6%

4,190,446

For future needs

N/A

Copper Launch

23.1%

37,500,000

Initial liquidity bootstrapping pool

N/A

Initial Bonding Event

5%

8,100,000

Limited time event, PDT offered at the equivalent value of $0.34/token in exchange for Parallel cards

N/A

Uniswap LP

2.2%

3,600,000

To supply our initial protocol-owned liquidity

N/A

Total

100%

162,500,000

To supply our initial protocol-owned liquidity

The token supply is not hard-capped, however, any potential new issuance would be need to be initiated through a governance proposal and executed through our multisig.

Current Token Circulating Supply

As of May 7, 2024, this is the total circulating supply of PDT.

Through PDIP-19, the weekly buyback and burn strategy will reduce $PDT tokens supply over time, as projected in graphics below.

  • Total PDT: 162,500,000

  • PDT in Treasury: 25,317,737

  • Total Circulating: 137,182,263

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