TOP Network Token Metrics: Token Supply, Lock-Up Periods, and Token Distribution

This article is here for your reference, and will be updated whenever there are changes to the circulating supply.

TOP Network’s native token TOP has a total supply of 20 billion tokens, with a circulating supply of about 2.8 billion as of July, 2019. Circulating supply means the tokens are not locked, but are instead free to be transferred. Most of the circulating supply lies in the hands of retail investors as a result of the Huobi Prime offering. The remaining tokens which are not part of the circulating supply are locked-up from the seed, cornerstone, and private sales, foundation and team allocations, or reserved for mining rewards.

Token Allocation

Team：15%

Foundation：15%

Mining：38%

Fund Raising：22%

Marketing, Partners and Advisers: 10%

Lock-ups and Breakdown

All vesting schedules start from the date of the Token Generation Event (TGE), which is March 26th, 2019

Huobi Prime Allocation 7.5% (7.5% unlocked)

7.5% of the total supply was allocated to the Huobi Prime offering. These tokens were not subject to a lockup or vesting period.

Seed Investors 6.5% (0% unlocked)

6.5% of the total supply was sold to seed investors around April of 2018. These tokens are subject to a 9 month lockup cliff starting from the TGE.

Seed Round Price: 1 ETH = 122500 TOP

Cornerstone Investors 5% (3.33% unlocked)

5% of the total supply was sold during the cornerstone round, which ended in September of 2018. These tokens are subject to a 6 month lockup period starting from the TGE, then released monthly over the next 3 months.

Cornerstone Round Price: 1 ETH = 80000 TOP

Private Investors 3% ( 3% unlocked as July 2019)

3% of the total supply was sold during the private sale. These tokens are subject to a 1 month lockup period starting from the TGE, and then released monthly over the next 5 months.

Private Round Price: 1 ETH = 56470 TOP

Mining Rewards 38% ( 0% distributed)

38% of tokens are reserved for mining rewards. These tokens will be released slowly over about 25 years starting from the main net launch.

Foundation 15% ( 0% unlocked)

15% of the total supply is allocated to the Telos Foundation. These tokens are locked for 12 months starting from the TGE, and then released monthly over the next 24 months.

Team + Early Contributors 15% ( 0% unlocked)

The core team was allocated 11.9% of the total supply. These tokens are locked for 12 months starting from the TGE, then released monthly over the next 24 months. This means the team’s allocation will not be released fully until 2022. Given the project started in 2017, this shows the team’s commitment to the success of TOP Network.

Early contributors were allocated 3.1% of the total supply. These tokens are subject to a 12 month lockup cliff starting on the date of the TGE.

Partners and Advisors 5% (0% unlocked)

5% of the total supply was allocated to partners and advisors. These tokens are subject to a 12 month lockup period starting from the TGE, and then released monthly over the next 24 months.

Marketing 5% (5% unlocked)

5% of tokens are allocated for marketing and bounties.

As unlocks occur, this article will be updated. Keep this resource for your reference.