Initial token distribution and token circulating supply
Last updated
Last updated
The initial token distribution took place between January 17, 2022 (Copper Launch) and January 20, 2022 (PDT’s official launch on Uniswap).
| Recipient | % | Amount | Description | Vesting |
|---|---|---|---|---|
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.
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
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
