03 · DAC
Tokenomics
DAC distribution, vesting, price ladder, and the three independent pillars of value.
Distribution of 10 bn DAC
10 BN
DAC · fixed cap
40%
Investment rounds
4.00 bn
25%
Team
2.50 bn
20%
DAO / ecosystem
2.00 bn
10%
Development fund
1.00 bn
5%
Partners & advisors
0.50 bn
Price ladder · ×50 from Angels to listing
$0.010 → $0.500
| Round | Price | Tokens | Raise | Vesting |
|---|---|---|---|---|
| Angels | $0.010 | 0.40 bn | $4.0M | 12 mo, 3-mo cliff |
| Pre-Seed | $0.025 | 0.40 bn | $10.0M | 12 mo, 2-mo cliff |
| Seed | $0.050 | 0.40 bn | $20.0M | 9 mo, 1-mo cliff |
| Private | $0.125 | 0.80 bn | $100.0M | 6 mo |
| Strategic | $0.250 | 1.00 bn | $250.0M | 6 mo, 10% TGE |
| Public / listing | $0.500 | 1.00 bn | $500.0M | 3 mo, 10% TGE |
At TGE no more than 3% of issuance is unlocked; the rest is released through cliffs and linear vesting of up to 60 months. Range Angels → listing: ×50.
Three pillars of DAC value
Tangible · Real · Built-in
01
◆
Tangible collateral
Real assets at conservative entry price (~80% of fair value).
02
◆
Real fee flow
Tokenization, secondary-market, management, and NAV indexation commissions.
03
◆
Utility demand
Up to 10% of every asset and all platform fees paid in DAC.
Platform revenue sources
75% to stakers · 25% to operations
01
Tokenization fee — on admitting an asset as collateral
02
Secondary-market fee — on transactions in DAC and assets
03
Management fee — for operational management of the pool
04
NAV-growth indexation — a share of the increase in realized value