Distribution

The native token of Colend, COLEND, is designed to power participation, reward users, and stimulate liquidity provision through innovative tokenomics. This advanced economic structure ensures a secure and stable protocol while optimizing the growth and health of the Colend ecosystem.

Distribution

Colend's tokenomics are engineered to fuel engagement, reward participation, and incentivize borrowing. The total supply of 100 million COLEND tokens is distributed as follows:

Vesting

Colend is committed to sustainable growth and community involvement. The vesting schedule reflects this commitment, with a three-year period for all allocations. Team and Strategic Partners have a one-year cliff, followed by a two-year vesting period. Community and reserve allocations are scheduled for a full three-year vesting period, ensuring a gradual and stable release of tokens into the ecosystem.

Staking

When staked, COLEND transforms into stCOLEND, enabling holders to participate in governance, earn incomes, and benefit from other platform activities. This model aligns user incentives with Colend's long-term goals by reducing the circulating supply and potentially increasing the token's value over time. The longer tokens are staked, the greater the rewards and influence in governance decisions.

Community growth

To reward early participation and liquidity provision, 9 million COLEND (9% of the total supply) are allocated for community growth. The majority of this allocation will be distributed to users who provide liquidity on the Colend platform during the soft launch period before the Token Generation Event (TGE). Airdrops will occur following the TGE.

The TGE date has not yet been announced. More details on the airdrop will be provided via official channels.