🪙Tokenomics
Last updated
Last updated
Total Token Supply: 10,000,000
Type: ERC-20 Standard
Token Address: <TBD>
$HOME is the governance token of the $HOME protocol. The $HOME Protocol is managed by people around the world who hold the $HOME token. Through a system of digital representative governance involving plurality-based and preference aggregation voting mechanics, $HOME holders govern the protocol.
Staking $HOME token in the protocol allows the holder access to token emissions and voting rights in the protocol.
Group
% of Supply
Tokens
Core Team
14.0%
1,400,000
Investors
14.0%
1,400,000
Reserves/Treasury
50.0%
5,000,000
Incentives
11.0%
1,100,000
Public Sale
7.5%
750,000
Air Drops
2.5%
250,000
Advisors
1.0%
100,000
Total Supply
100.0%
10,000,000
Core Team: Tokens will be vested for one year followed by a 12.5% quarterly unlock over years two and three. Core team tokens will be held by the Home DAO Foundation until distribution.
Investors: Tokens will be vested for one year followed by a 12.5% quarterly unlock over years two and three. Investor tokens will be held by the Home DAO Foundation until distribution. The investor sale will be denominated in $USDC/$USDT.
DAO Treasury: The DAO treasury will have initial access to 25% of its initial token allocation. At the inception of the DAO, this will help the governing council to bootstrap operations, establish the first quarterly budget, and compensate necessary personnel.
Advisors: Tokens will be vested for one year followed by a 25% quarterly unlock throughout year two. Advisor tokens will be held by the Home DAO Foundation until distribution.
Public Sale: The public sale date will be announced publicly. The public sale will be denominated in Ether ($ETH). These tokens will be distributed to buyers at the launch of the DAO.
Incentives: The allocation for incentives will be controlled by the DAO with monthly emissions to take place over 36 months. This will enable Home DAO to begin operations, purchase regenerative investments, and begin to realize cash flow to continue to support the incentive program for stakers in perpetuity.
Airdrop(s): Oh yes, an airdrop will happen… maybe more than one. This will be to reward the community for participation and activity. These details will be announced at the appropriate time.
As the General Partner (GP), Home DAO will add a portion of each project’s equity to the treasury. We invest alongside our Limited Partners (LPs) because we believe in having skin in the game. Home DAO’s direct investments into existing green energy projects or green energy companies will also be added to the treasury as tokenized equity.
Staking
The $HOME token can be staked to vote on important decisions such as what green energy projects to invest in, DAO community development, and more. As a decentralized organization, Home DAO is dependent on $HOME token holders utilizing this mechanism to guide the future of the project and the planet.
Bootstrap emissions
Initial $HOME emissions are directed to holders who have staked the $HOME token. This serves as our initial method of sharing the value of the Home DAO investments with our community. Long term, we aim to be the global leader in the alignment of people, planet, and profits.
Buy Backs
As Home DAO begins to realize profits from invested projects the DAO will vote to establish an amount of profits each quarter to buy back the $HOME token off of the open market. This allows the DAO to control a larger portion of the circulating token supply and can be used by the DAO treasury for a variety of purposes.
Burn Switch
As $HOME tokens begin to accrue from “token buybacks” the DAO can vote to turn on the “Burn Switch.” This would allow the DAO to send excess $HOME tokens from the Treasury to a “burn address,” lowering the circulating supply and concentrating value to the remaining $HOME tokens.
Dividend Switch
The final goal of the $HOME token is to allow for “direct incentives” also known as “real yield.” This allows Home DAO to share the profits of projects, investments, and DeFi rewards directly to staked $HOME token holders. The dividend switch would be triggered by a profit margin threshold and a DAO-wide vote. Due to current regulatory uncertainty the dividend switch will be unavailable for use until such regulations become clear and our lawyers give Home DAO the green light to do so.
At inception, the income generated by the $HOME protocol will accrue to token holders indirectly. Cash flows are to be used for:
Quarterly budget requests for DAO operational funding.
Investing alongside our LPs in sustainable infrastructure project developments.
Investing directly into existing green energy projects or companies for immediate cash flow.
Buying back $HOME Tokens off the open market.
It will be necessary to establish swap pools on an AMM (automatic market maker) such as Uniswap or Sushiswap to allow for the fluid transfer and trading of the $HOME token. We plan to seed two initial pools: $HOME/$ETH and $HOME/$USDC at launch. The liquidity provider fees also serve as a revenue stream for Home DAO. Further swap pairs may be added at a later date.
