Tokenomics
Last updated
Last updated
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The high-level allocations of NEXT are as follows:
Community
50.94%
509,428,750
Early Backers
22.43%
224,338,119
Ecosystem & Strategic Backers
11.24%
112,352,000
Early Team & Advisors
11.61%
116,097,420
Proxima Labs
3.78%
37,783,010
The Community category can be further subdivided into:
DAO
29.44%
294,350,509
Connext Foundation
10.94%
109,446,745
Airdrop
10.56%
105,631,496.18
Allocations of NEXT to the following categories of recipients are subject to a lockup period.
Early Backers
Ecosystem & Strategic Backers
Early Team & Advisors
50% of tokens allocated to Routers and Community Advocates as part of the Airdrop (2.15% of the total supply)
The lockup period for Early Backers and Early Team & Advisors consists of a 15-month lockup followed by an 18-month linear release. In other words, 1/19 of the tokens will be released on December 6th, 2024, and the remaining tokens will unlock linearly in equal monthly 1/19 allotments until all tokens are fully unlocked (33 months after the NEXT Airdrop).
Edit: The lockup period and unlock schedule for Early Backers and Early Team & Advisors was amended as of September 3, 2024, as follows: - The 1-year lockup period was extended to 15 months, with a new unlock date starting on December 6, 2024. - The linear unlock period was extended from 12 to 18 months, with a new linear unlock rate of 1/19 per month, concluding on June 6, 2026.