Allocation and unlock schedule
Last updated
Last updated
To ensure fair distribution by allocation and schedule, 3space is adopting an inflation smart contract to provide a linear and trustless environment for PACE circulation.
PACE tokens will be wrapped and transferred to the Klaytn network, where it will be distributed in block units by the contract. Initially, 0.9% of the supply will be allocated for pool creation and Klayswap drops, followed by PACE-KLAY and PACE-KSP liquidity pool on Klayswap.
Total fixed supply: 100,000,000 PACE
Initial circulating supply: 976,960 PACE
Contract distribution: 99,023,040 PACE (Linear inflated distribution for one year, 3.14 PACE per block)
Contract address :
PACE (ERC-20) 0x8Bc2bCb1b1896291942C36F3Cca3C1afA0Aaa7fd
PACE Deployer 0xf6eb60b62205634e0b5030051306f74f100c54d0
oPACE (KIP-7) 0xbc5d3fb02514f975060d35000e99c54253002bd4
Marketplace Rewards
25%
24,755,760 PACE
Art Pool Rewards
25%
24,755,760 PACE
Early Investors
20%
19,804,608 PACE
Ecosystem Liquidity
20%(15% on Klayswap)
19,804,608 PACE
Team
5%
4,951,152 PACE
Airdrop
5%
4,951,152 PACE
**PACE distributed to each allocation pool is not circulated immediately except ecosystem liquidity allocation. Tokens will be released according to the events and purposes of each allocation.
Marketplace and Art Pool rewards
To incentivize early participants, Marketplace Rewards and Art pool Rewards are higher initially and slowly decrease over time.
The initial release date of early investors with a vesting schedule of 1 year will start the countdown after the first listing on a Centralized Exchange (CEX)
The team tokens will have a 3-year lockup that decreases over one year. It is designed to be 'slower' than the Marketplace & Art pool rewards.
The token distribution model incentivizes participants who are here for the long run.
The numbers for the PACE token release schedule can be found below:
Note: January 26, 2023
oPACE tokens on the Klaytn network have been transferred BACK to Ethereum after the end of the fair launch. Details can be found here.
Note: April 1, 2024
30 months after TGE, Art Pool and Marketplace allocations have been reduced to 10% (each) as per community governance and votes.
