Tokenomics
This section outlines the fixed token supply of THAT, its initial allocation at the Token Generation Event (TGE), and the scheduled release of tokens over time.
Fixed Supply and Vesting
THAT has a fixed maximum supply of 3.3 billion tokens on the Ethereum network. This total supply was minted at the time of the Token Generation Event (TGE) into the canonical THAT token contract on Ethereum and is released over time via smart contracts according to a structured vesting and funding schedule. The Ethereum THAT token contract does not include any function to mint additional tokens beyond this 3.3 billion supply.
Although the full 3.3 billion supply is minted on Ethereum at TGE, entry into circulation is time-based and progressive. Most allocations — including those relating to presale purchasers, founders and the Company — are subject to multi-year linear release schedules, with some extending up to 10 years.
As a result, the total Ethereum supply of THAT remains fixed at 3.3 billion tokens, while the circulating supply increases gradually over time as vesting and release schedules progress. After the end of the relevant vesting periods (currently up to 10 years), no further tokens will be released under those schedules and the token supply will be fully vested.
Market Entry Distribution
The table below outlines how THAT tokens allocated to different categories are scheduled to enter circulation over time, based on the initial distribution at TGE. It reflects allocation categories (not current wallet balances) and is intended to illustrate the gradual increase in circulating supply.
Token Distribution Timeline
Currency Units
1.200X
1.426X
2.396X
3.300X
Purchasers
83.33%
70.10%
41.74%
30.30%
Company
1.32%
12.67%
37.73%
54.79%
Founders
2.85%
6.71%
14.27%
10.36%
Liquidity
12.50%
10.52%
6.26%
4.55%
1.000× corresponds to the presale allocation of 1,000,000,000 THAT. The “Currency Units” row shows the scheduled circulating amount as a multiple of this presale allocation, based on the vesting and funding profiles at each point in time.
These percentages are derived from the initial allocation structure and vesting schedules and are intended as an illustrative guide only. They do not guarantee how many tokens will be held, traded or retained by any particular group at any given time.
“Vesting” in this context refers to linear release mechanisms implemented via smart contracts or other technical controls, under which tokens allocated to a category are progressively made available to the relevant wallets over a defined period. These arrangements do not confer any right to dividends, yields or other returns, and do not guarantee any particular token value.
Some market participants may refer to the “market capitalization” of THAT, which is calculated by multiplying the market price per token by the estimated circulating supply. Any such figure will fluctuate over time based on market activity and is not set, controlled or guaranteed by the Company. The Company does not target or promise any particular token price, market capitalization or rate of return.
Company Allocation
The Company’s allocation of 1.808 billion THAT is used across multiple operational priorities to support the ongoing development and operation of the project. As an internal framework, the Company currently allocates its Ecosystem tokens across the following indicative categories:
Long Term Reserve
28%
Marketing
25%
Charity
22%
Sales
18%
Future Team
7%
These percentages are internal guidelines only and may evolve over time. They do not create any rights for token holders, staff, advisers or third parties to receive tokens or funding. Decisions about how, when and whether to deploy tokens within the Company allocation, including for reserves, marketing, charity, sales support or future team incentives, are made at the Company’s discretion, having regard to its operational needs, regulatory environment and long-term objectives.
Bridged Tokens and Network Risk
As described above, the canonical THAT token contract and fixed maximum supply of 3.3 billion tokens are implemented on the Ethereum network. On other supported networks (for example, Polygon), THAT may be made available through bridge mechanisms that:
lock tokens on Ethereum and mint corresponding representations on the destination network, and
burn those representations to release tokens back on Ethereum.
These bridging arrangements are implemented using smart contracts and, in some cases, third-party operators or validators. As with any on-chain infrastructure, this introduces some additional technical and operational considerations compared with holding tokens directly on the canonical Ethereum contract.
Under normal conditions, bridged THAT on other networks is intended to be economically backed by locked THAT on Ethereum. Users who choose to hold or use bridged versions of THAT on non-Ethereum networks should satisfy themselves that they understand how the relevant bridge works, verify contract addresses and providers from official sources, and ensure that such use aligns with their own risk tolerance. As with other blockchain infrastructure, bridge availability and behavior may change over time, and users should take this into account when deciding whether to use bridged versions of THAT.
The Company does not guarantee the continued operation, security or redeemability of any bridge or bridged representation of THAT, and does not operate any account, stored-value balance or non-cash payment facility in connection with bridging. Bridges may be paused, altered or discontinued by their operators, and users bear the risk of any losses resulting from bridge failures, exploits or other technical issues.
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