COIN OVERVIEW - HIGH LEVEL
This section provides key details about the THAT coin, including its ticker, issuance status, presale information, and distribution breakdown.
Ticker THAT
Date of First Issue 16th September 2024 (TGE)
Presale Price (Dynamic Sale) ~ AU$0.00085
Presale Sold (Max Authorised) 1 Billion THAT | ~ AU$850K Raised
TGE Total Coins Created 3.3 Billion THAT (3.3x presale amount), distributed over a 10-year vesting schedule.
TGE Distribution Breakdown Presale: 1.00x presale amount | 18-month vesting - 1 Billion THAT Exchange Liquidity Provision: 0.15x presale amount | Unlocked at TGE - 150 Million THAT Founders: 0.342x presale amount | 5-year vesting - 342 Million THAT Company: 1.808x presale amount | 10-year vesting - 1.808 Billion THAT
Validator Distribution Cap 0.05x of the total presale amount sold will be allocated to validators per year, indefinitely. Total Presale Amount Sold: 1 Billion THAT. Annual Validator Allocation: 50 Million THAT (0.05 x 1 Billion THAT). Explanation: A fixed amount of 50 Million THAT tokens will be distributed to validators every year, indefinitely, to incentivise network security and participation.
Max Circulating Supply
a * (1.2 + 0.21 * min(n, 10) + 0.05 * n)
a: Amount sold during the presale (1 Billion THAT).
n: Number of years after the genesis block (TGE in September 2024).
min(n, 10): A mathematical function that returns the smaller of the two numbers, ensuring that the multiplier 0.21 is only applied for up to 10 years, respecting the max TGE distribution rate.
Explanation: This formula calculates the maximum circulating supply of THAT tokens, which increases annually based on the number of years (n) since the genesis block. The actual amount in circulation may be less than this maximum due to various factors such as voluntary locking, but it will never exceed this amount.
Approx. Market Capitalisation
Max Circulating Supply * Market Rate
Market Rate: The current trading price of THAT on the market.
Explanation: This formula calculates the approximate market capitalisation of THAT by multiplying the maximum circulating supply by the current market rate. The actual market capitalisation will vary based on the prevailing market rate of THAT tokens.
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