The genesis of the Edgeware network will mint 5 Billion EDG tokens.
Of this 5 Billion, 90%, or 4.5 billion will be distributed through the lockdrop process. The 10% remainder is distributed to:
- 4.5% to Commonwealth Labs, the developers of Edgeware, and will not be used to fund development.
- 3% to Parity Tech for support services on their Substrate product.
- 2.5% reserved for Community Incentives, OSS development, or other network success goals.
For the 90% distributed in the Lockdrop Event, lockdrop participants obtain 'shares' or the ability to obtain EDG at a certain proportion to their locked or signaled ETH. The following chart shows these share weights:
Ones final shares are a proportion of the 90%, not a determinate value until the lockdrop closes and the total amount of locked ETH are known. One can earn greater share weights through locking for longer durations, or locking earlier according to the following chart:
For https://stats.edgewa.re , we are planning to include a calculator with an estimation tool.