XRT token distribution Q2 2021 - Q1 2022

Article provides a deep dive into the XRT distribution plan
XRT token distribution Q2 2021 - Q1 2022

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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.

2020-2021

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:

now2021

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:

    • “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.

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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.

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  • 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.