Genesis Event - $LUNAR Initial Allocation

NOTE: Please read Current state before continuing reading Tokenomics.

• Genesis supply release = 50%
• Locked supply = 50%

The Genesis Event - Day 0 of LunarDAO and $LUNAR life-cycle

• Genesis event is when the Genesis community sale is finished
• Initial Supply gets allocated (see Table 1)

Table 1: $LUNAR allocation at Genesis Event

Valuation of the Genesis Event

• Circulating supply: 50% of total supply = 1,000,000,000 * 50 / 100 = 500,000,000.0 $LUNAR
• Genesis Community Sale allocation: 40% of total supply (80% of circulating supply) = 1,000,000,000 * 40 / 100 = 400,000,000 $LUNAR
• Market cap: Sum of ETH in the Genesis Community sale
• 1 $LUNAR price (same for everyone): Market cap / Circulating supply
• $LUNAR allocation per genesis community member: invested ETH / total collected ETH * $LUNAR supply in the auction pool
• LunarDAO treasury value: 100% of collected ETH in the Genesis sale event (under the control of LunarDAO Squad)

Explanation of the Genesis Community Sale: LunarDAO founders allocate a fixed amount of $LUNAR token (40% of total suppy) to an auction. This supply gets locked in the Liquidity bootstrapping type of pool (LBP) for 5 days. Everyone who wants to be a initial LunarDAO community member invests ETH into the locked pool. In the end of the event, the price of $LUNAR is total amount of collected ETH * USD (ETH spot price) / $LUNAR circulating supply. Circulating supply at that point is 50% of maximum. Every participant will receive $LUNAR for the same price. No VC's, no presale! At this point $LUNAR is only distributed between the community, the founding core team and in a coffer for possible airdrops. The collected ETH is LunarDAO squad wealth. Every community member can stake $LUNAR and become a Squad member - decide over the treasury management, propose changes and vote to improve LunarDAO (see Governance document).