Vesting Allocations
Last updated
Last updated
At genesis, HashPack will deploy a set of vesting contracts where 800 million PACK will be locked. Over a span of 6 years starting from genesis, these tokens will undergo a linear vesting process.
Community: 51% of the total supply (510 million PACK) vested to the Community Treasury multi-sig.
Marketing: 10% of the total supply (100 million PACK) vested to a HashPack controlled multi-sig.
Operations: 10% of the total supply (100 million PACK) vested to a HashPack controlled multi-sig.
Core Development: 27% of the total supply (270 million PACK) vested to a HashPack controlled multi-sig.
The $PACK vesting contracts are as follows: Contract 1 0.0.5759475 195,000,000 $PACK https://hashscan.io/mainnet/contract/0.0.5759475 Contract 2 0.0.5759518 255,000,000 $PACK https://hashscan.io/mainnet/contract/0.0.5759518 Contract 3 0.0.5759605 350,000,000 $PACK https://hashscan.io/mainnet/contract/0.0.5759605 Contracts 1 and 2 are used for operations, marketing, and core development. Contract 3 is used for community initiatives.
The vesting allocations will be used to support a variety of initiatives related to $PACK utilities described in this document, and the development of HashPack. Our goal is to create a thriving ecosystem, driving innovation on Hedera and building out the best web3 experience in crypto.
The vesting schedule will begin around a week to ten days prior to the launch of PACK to make sure that the community account has funds to distribute PackBack rewards directly at launch.