Plasm Network Token Allocation

[sota]

65% of all tokens are distributed to the community and 35% of all tokens are managed by Stake Technologies and Plasm Network foundation (We will found a foundation in 2021Q3 or Q4).

We allocated 35.5% for bidding a 2 year Parachain slot. This number seems to be sufficient judging from other potential Parachains (e.g Acala 34%, Moonbeam 15% for PLO).

From the beginning, our goal is to make a DAO. We will decrease our allocation in coming 2 years.

Learn more from here: Token Allocation - Plasm Network

[spidey]

Hi @sota. Thanks for the post. I participated in the 2nd lockdrop . Can individual users participate in the parachain auction? Is that the 3rd lockdrop or something else, sorry I am not familiar with the parachain auctions. Apologies if this has already been explained.

[Maarten]

Yes correct, that’s indeed the 3rd lockdrop.
When you join this lockdrop you would help Plasm win the auction to become the first parachain on Polkadot

[spidey]

Thanks for a prompt response, I thought so too Will ETH be accepted for this lockdrop also or only DOT? Thanks

[Maarten]

Only DOT for the Polkadot PLO
KSM for Kusama PLO

[veptagg]

PLM Token allocation are great I’ll give 5 start rating for this.