5. Tokenomics
A token designed for the community, with high incentives in the long term.
5.1. Goals
The TUT tokenomics have been designed and set following our philosophy. We are putting together:
The rewards to all holders that bet for the TUT in 2017. During this time we added tokens to their wallets for the proved patience.
A new token supply, reducing it 7.5x: from 1.5b (2017) to 200m (2021).
A more decentralized token distribution: 77% of all tokens are allocated to yield farming and rewards.
An absolute bet for the community: only 3% of tokens are allocated for the team, with 9 months vesting and with no option to participate in yield farming initial programs.
A progressive token release, where community will receive their tokens first and will have privileges over any other stakeholder on getting rewarded, by contributing to the protocol and accumulating TUT.
Token holders from 2017 TUT and 2021 TUT private sale are the first groups to get the tokens, as well as Tutellus users and clients as rewards for their interaction with the platform.
Core team will start getting their tokens from month 9 and Tutellus Treasury will have a slower and progressive distribution, even after the yield farming is over, for 60 months.
5.2. Distribution
Community always first. Company and core team, the last ones
Stakeholder
Quantity (TUT)
Percentage (%)
Private Sale 2021
5,000,000
2.5
TUT Holders 2017
5,000,000
2.5
Core Team
6,000,000
3
Tutellus Treasury
30,000,000
15
Yield Farming
64,000,000
32
Rewards
90,000,000
45
Total
200,000,000
100
5.3. Progressive token release
First to get, first to earn more. Community and Private Sale first.
Stakeholder
Quantity (TUT/month)
From (month)
To (month)
Type
Private Sale 2021
625,000
-1
7
Fixed
TUT Holders 2017
625,000
-1
7
Fixed
Core Team
500,000
7
19
Fixed
Tutellus Treasury
+13,333.33
0
60
Progressive
Yield Farming
+98,765.43
0
36
Progressive
Rewards
90,000,000
0
until 90M
By interaction
All tokens to distribute per month are really distributed per block, so users can claim them any time from tutellus.io.
5.4. Burning
Through a deflationary model with a burn mechanism since day one
The protocol burns TUT tokens from unstaking fees, since day 1 in the staking contract (10-0.1% between t=0 and 30 days), and since the Launchpad adding also new staking contracts such as another fees (like change factions).
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