How is First Treasury distributed?
How is First Treasury distributed?
1 billion $STORE tokens authorized to be issued by the founding organization, STORE Labs Inc., will be allocated to specific purposes & distributed over ten years:
What happens after all the tokens are distributed?
Once $STORE begins to be distributed, the term “circulating supply” will be used as opposed to “authorized supply” - up until the year 2037-2038, at which point the circulating supply will surpass 1 billion tokens & STORE governance will decide how to continue securing the protocol by either:
- 1.Increasing the authorized supply or
- 2.Using the Long-Term Treasury