The APIS Protocol launched its mainnet on January 2022. We already finished our Liquidity Bootstrapping Pool (LBP), and so would like to re-post the API’s current distribution, as transparent token distributions are crucial for long-term incentive alignment and value creation in Web3.
Our token economy: We conducted a token split, adjusting the total supply of API from 100mn to 1bn. There will be 1 billion API Tokens released unless the community votes to inflate the supply via additional incentivization programs or deflate the supply via token burn programs.
79% of the token supply is allocated toward the community, with 50.34% to the users of the network via a usage mining program, 17% to API Foundation (established for strategic partnerships, namely prominent Web 2.0 or Web 3.0 applications).
The remaining 21% is allocated for the founding and future team.