Spin
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  • ๐Ÿ‘‹Welcome to Spin
  • Spin Products
    • ๐ŸŒ Spot Trading
    • โšกInstant Swaps
    • ๐Ÿ†Perpetual Futures
    • ๐Ÿช™DeFi Option Vaults
      • โ˜€๏ธCovered Call Strategy
      • ๐ŸŒ•Cash-Secured Put Strategy
    • โœจOther AIPs
  • Contracts specification
    • โšชNEAR-Perp
  • SPIN Token
    • ๐ŸŽ‡SPIN Utilities
    • ๐ŸฃPublic Token Sale
    • ๐Ÿ“Tokenomics
    • ๐Ÿ’ซMarket Maker Incentives
    • โ›ฒTrader Incentives
    • ๐Ÿ›ธSPIN Staking
    • โš“Insurance Fund
  • Freaky Elves
    • ๐Ÿ‘พFreaky Elves NFTs
    • ๐ŸฆšSecret Chat on DS
  • Tech Documentation
    • ๐ŸŒฑSC Methods & API
    • ๐Ÿ€Perpetuals
      • ๐ŸŒฟTrading Modules
      • ๐Ÿ”‹Collateral
      • ๐Ÿ’ธUnrealized PnL
      • ๐ŸงชFunding
      • ๐Ÿ›ฃ๏ธMargin ratio & Liquidation
  • User Guides
    • ๐Ÿ“ˆSpin Trading Strategies
    • โฒ๏ธUsing Ledger on Spin
  • Links
    • ๐Ÿ”—Useful links
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  • Token Distribution

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  1. SPIN Token

Tokenomics

This page contains all basic information about the $SPIN tokenomics.

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Last updated 1 year ago

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Basic information

Token name: SPIN

Max supply: 1,000,000,000

Supply type: Limited

Initial circulating supply: 48,500,000 (4.85% of the total supply)

Initial market cap: $2,425,000

Fully diluted market cap: $50,000,000

Blockchain: Ethereum, NEAR Protocol, Polygon zkEVM

Token Distribution

DAO treasury โ€“ 12.5%

The DAO treasury represents a pool of funds dedicated to the continuous growth and development of Spin. In the future, members of the Spin DAO will rely on governance mechanisms to determine how the DAO treasury funds are allocated.

Liquidity for Exchanges โ€“ 5%

Incentive Pool โ€“ 20%

Incentives form the backbone of the Spin go-to-market strategy. Shortly after the token is released, users will start receiving rewards for trading, investing, and market making on Spin.

Advisors โ€“ 5%

Throughout our journey, Spin has been fortunate to receive support from numerous brilliant minds with extensive expertise. We anticipate that more experts will join our team in the future, and this pool is specifically designed for their incentivization.

Spin Digital โ€“ 20%

Spin Digital encompasses the collective efforts of the company, including the core team, development, marketing, operational staff, partnerships, events, and more. These funds will be utilized to support the future growth and development of the company.

Seed Round โ€“ 12.5%

In February 2022, Spin announced its seed round where it successfully raised $3.75 million in funding from renowned venture capital firms including Lemniscap, Spartan Group, GSR, LongHash Ventures, Angel DAO, and ZMT Capital.

Strategic Round โ€“ 12% and Private Round โ€“ 5%

These rounds occur after the token launch, during a new phase of Spin scaling. Following each round, there will be a 6-month cliff before vesting begins for the tokens.

Public Sale โ€“ 7%

Spin will have 3 public sale rounds:

โ€ข Priority round โ€“ for Freaky Elves holders only;

โ€ข Round A โ€“ min. check $2,500; WL and KYC required;

โ€ข Public Sale โ€“ FCFS, KYC required.

Airdrop Stage 1 โ€“ 0.5% and Stage 2 โ€“ 0.5%

The Spin token model has been reviewed by several prominent crypto VCs. It incorporates incentivization and control of circulating supply, with some elements of game theory.

In order to list on centralized and decentralized exchanges, it is essential for the team to have an ample supply of tokens for liquidity provision or market making. will be listed on several DEXes right after the token sale.

These are two events which were designed to reward the early supporters of the Spin brand. You can check if you're legit to receive an airdrop .

If you have any questions about the Spin token model, .

๐Ÿ“
$SPIN
$SPIN
here
ask them on our DS