Genesis

The genesis of PRYSM marks the inception of a new decentralized ecosystem, driven by innovation, collaboration, and community participation. At the heart of this genesis is the distribution of tokens, establishing the foundation for the network's growth and sustainability.

Starting Supply:

PRYSM launches with a starting supply of 500 million tokens. This initial token allocation serves as the building blocks for the ecosystem, enabling participants to engage in various activities, including staking, trading, and governance.

Distribution Breakdown:

The starting supply is distributed across various categories to ensure a balanced and diverse ecosystem. The breakdown of token distribution is as follows:

• LP Seed / Public ICO (60 million): Tokens allocated for early supporters who participated in the liquidity pool (LP) seed round or the public initial coin offering (ICO).

• 1st/2nd/3rd Seed Rounds (150 million): Tokens distributed to participants in the first, second, and third seed rounds, providing early backers with an opportunity to acquire tokens at different stages of the project's development.

• Validator Delegations (60 million): Tokens allocated for validator delegations, incentivizing individuals to stake their tokens and actively participate in securing the network.

• 2nd/3rd Round Delegations (25 million): Additional tokens allocated for validator delegations in subsequent rounds, expanding the pool of validators and further enhancing network security.

• Foundation Allocation (75 million): Tokens reserved for the foundation to support ongoing development, ecosystem growth, and community initiatives.

• LP Incentives & IBC Txs (60 million): Tokens allocated for liquidity provider (LP) incentives and Inter-Blockchain Communication (IBC) transactions, incentivizing liquidity provision and facilitating interoperability with other blockchain networks.

• Airdrop Rewards (Celestia/Dymension, etc.) (20 million): Tokens designated for airdrop rewards, including allocations for projects like Celestia and Dymension, as well as additional rewards for future airdrops and incentives.

• Development Contributions (50 million): Tokens allocated for development contributions, supporting the ongoing enhancement and maintenance of the PRYSM ecosystem.