XRT token distribution Q2 2021 - Q1 2022

Updated XRT distribution plan available at https://robonomics.network/community#token

Introduction

The previous Distribution Plan was released by Robonomics developers DAO back in September 2020. It covered a broad vision of the further migration to the Polkadot ecosystem. We find it necessary to provide the community with the updated version of the XRT Distribution Plan for Q2 2021 - Q1 2022 && 2022+

The article split into three stages:

• Past (includes an overview of the XRT distribution from Q1 2020 to Q1 2021);

• Present (covers the current XRT distribution Q2 2021 - Q1 2022);

• Future (elaborates the future of Robonomics in the Interoperability era 2022+).

Past

During the Q1 2020 - Q1 2021 period, XRT circulation consists of 1,268,496 XRT.

Let’s go through each variable:

• AIRA -> XRT holders swapped 686,640 out of 1,000,000 using the alembic smart contract;

• Robonomics developers DAO distributed 206,696 XRT to the community members via incentive programs:

  • Liquidity providers incentive program on Uniswap & Pancakeswap;

  • Robonomics Parachain collators reward program;

  • Big bag sales.

• Robonomics core developers grants for the period 2019 - Q1 2021 consists of 61,800 XRT.

Present

“Now” stage covers the Q2 2021 - Q1 2022 period:

7,000,000 XRT locked until Robonomics developers DAO will merge tokenomics on Ethereum and Kusama.

Up to 502,000 XRT will be added to the circulation supply during the Q2 2021 - Q1 2022:

• Robonomics developers DAO (up to 370,000 XRT);

• Inflation (up to 132,100 XRT).

Robonomics core developers DAO plans:

• 50% tokens (865,752) will migrate to Robonomics Parachain DAO Treasury after securing the Kusama parachain slot;

• Robonomics developers DAO will seal 495,752 XRT until the Interoperability era (2022+);

• Up to 100,000 XRT, depending on the market conditions, will be offered to Kusama holders during the Parachain Lease Offering event;

  • Robonomics DAO allocated up to 85,000 XRT for core Robonomics developers grants during Q2 2021 - Q1 2022, more about the roadmap;

  • Robonomics DAO allocated up to 85,000 XRT for Q2 2021 - Q1 2022 community events that include:

    • Liquidity providers incentive program;

    • Academia support grants;

    • Hackathons;

    • Crypto Community growth events.

  • “Parachain is live” public sale will offer 50,000 XRT. The sale will be structured as a Dutch auction; collected funds will go to Robonomics developers DAO Kusama treasury;

  • “Big Bag” private sales for smart-money investors, who will contribute to different aspects of the Robonomics growth.

XRT inflation Q2 2021 - Q1 2022:

• Robonomics in Ethereum allows the mining of XRT tokens; core Robonomics developers expect around 100 XRT minted as a reward for liability contracts oracles;

• Robonomics Parachain XRT stakers will earn up to 120,000 XRT freshly minted tokens during Q2 2021 - Q1 2022;

• Parachain collators will participate in the distribution of 12,000 XRT for maintaining their nodes during the first year.

Future

When Kusama & Ethereum bridges become stable & reliable, Robonomics Developers DAO will merge the tokenomics and enter the Interoperability era of Robonomics.

• Total circulation will increase by approximately 502,100 XRT, released by Robonomics developers DAO during Q2 2021 - Q1 2022. Thus, a new total expected XRT circulation is 1,770,596 XRT;

• After entering into the Interoperability era of Robonomics, developers DAO will start a Democracy burn event. During it, XRT token holders will decide the exact amount out of locked 7,000,000 XRT to be burned and offered on Interoperability Dutch auction;

• Core developers DAO treasury on Ethereum will have access to previously sealed 495,752 XRT;

• Robonomics Relay chain validators && collators will share the 1,000,000 XRT inflation as incentives;

• Robonomics developers DAO estimate that 10,000 XRT will be minted in Ethereum within 1st year after Ethereum 2.0 launch as a reward for liability contracts oracles.