Public Distribution Event FAQs

Public Distribution Event FAQs

What’s the purpose of token distribution?

This is part of Tracer’s pathway to decentralisation. Decentralised governance is only achieved when TCR is distributed among its community. An auction is a way to give motivated community members a chance to purchase voting rights, so they can help to govern the Tracer protocol in the future.

What is Gnosis and why was it selected?

Gnosis Auction is a platform that provides a fair mechanism for the public to value and purchase a tokenised asset. It is suitable for a distribution event because of the wide visibility it offers, its front-running (MEV) protection, and the ability for participants to bid when they want (and avoid spiking gas prices).

Where do proceeds go?

All DAI received from the auction will go to Tracer DAO’s treasury, to be used by the DAO to further its vision of building derivatives infrastructure for the decentralised economy. Notably, DAO members who purchase TCR during the auction will have a say in the future use of these funds.

What are the auction parameters?

  • Auction commences: September 10th 09:00 UTC
  • TCR distribution: 50,000,000 TCR
  • Minimum amount: $2,500,000 DAI
  • Bidding token: DAI
  • Auction concludes: September 15th 09:00 UTC
  • TCR token address: 0x9c4a4204b79dd291d6b6571c5be8bbcd0622f050

What is the token allocation?

The current token distribution is as follows:

Tracer DAO’s proposed future token distribution which includes the allocation for the Gnosis Auction (in market distribution) can be seen below:

What is the vesting schedule for Strategic Partners?

The strategic partner’s TCR tokens vest linearly over a two-year period, starting when this proposal was executed on-chain.

What tokens do I need to participate?

You need DAI to participate in the Gnosis auction. DAI can be purchased via SushiSwap.

What is the public TCR token address?

TCR token address: 0x9c4a4204b79dd291d6b6571c5be8bbcd0622f050

How many tokens will be in circulation after the Gnosis auction completion?

Approximately 50,000,000 more. A lot of the already-distributed TCR is still vesting, so it’s hard to give a definitive number. A good way to see how much is circulating is to look at these transactions on Etherscan. What really matters is the amount staked in the DAO contract, these are the Tracer DAO members currently governing the Tracer protocol.

Is there a minimum and maximum amount of tokens I can buy?

There’s no minimum amount of tokens an individual participant can purchase. However, the auction has a minimum receipt of $2,500,000 DAI.

Legal and Financial Advice Disclaimer:
The information provided in this article is for informational purposes only. Any material in this article should not be considered as legal or financial advice. Tracer DAO is not an investment advisor and this is not a place for the giving or receiving of financial, tax or legal advice or investment strategy. Tracer DAO is not regulated by any financial services authority. You should consult with a financial advisor, attorney or other professional to determine what may be best for your individual needs.

Accordingly, Tracer DAO will not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damage, expense or other loss you may suffer arising out of such information or any reliance you may place upon such information. Any arrangements between you and any third party contacted via Tracer DAO’s website are at your sole risk.

Can we have a release schedule graph as well after doing these calculations ?

Such a graph will give a better understanding of different vesting schedules

How would you feel the release schedule graph would be best presented?

We could create one that lists the total amount distributed in vesting schedules and then list the parties that the total amounts are allocated to.

An upgraded version of this would be a graph that updates in live time as vesting contracts are released.

Thanks @adam.mycelium

I think something like this for example would be nice: Messari - Bitcoin & crypto price, news, charts, and research
It need not to be dynamic, just a static image would be more than enough for example

1 Like

Actually it’s just that the tokens aren’t locked, so there’s no such thing as unlocking them.

1 Like