CURRENCY & ISSUANCE
This section explains the primary functions of THAT within the network, including its roles in liquidity, transaction fees, and real-world value exchange, as well as details on its issuance model.
The THAT network includes its own built-in currency, THAT, which serves three primary purposes:
Liquidity: Providing a primary liquidity layer to facilitate efficient exchange between various digital assets on the THAT blockchain.
Transaction Fees: Paying transaction (a.k.a. gas) fees within the network.
Value Exchange: Enabling efficient exchange of monetary value in the real world.
Issuance Model
The issuance model for THAT will be as follows:
Currency Sale: THAT will be released in a currency sale at approximately AU$0.00085 per 1 THAT. This mechanism is intended to fund the THAT organisation and finance development. Early buyers will benefit from larger discounts. All capital raised from the sale will be used exclusively to fund company operations and pay salaries.
Pre-Genesis Allocation: 0.20x the total THAT amount sold (presale) will be allocated to the organisation to cover THAT-denominated expenses prior to the genesis block (e.g. 0.15x the total amount sold will be allocated to exchange liquidity provision).
Long-Term Allocation: 2.10x the total amount sold will be locked in an organisation vault and distributed over a 10-year linear vesting schedule. A detailed breakdown of this allocation is outlined in the Company Allocation section of the whitepaper.
Validator Allocation: 0.05x the total amount sold will be allocated to validators annually, indefinitely.
| Group | At launch | After 1 year | After 5 years |
|---|---|---|---|
Currency units | 1.20X | 1.46X | 2.5X |
Pre-sale purchases | 83.33% | 68.49% | 40.00% |
Founders | 2.85% | 2.34% | 13.68% |
Exchange Liquidity | 12.50% | 10.27% | 6.00% |
Company | 1.32% | 15.47% | 30.32% |
Validators | 0.00% | 3.43% | 10.00% |
The distribution timeline is further outlined in the TOKENOMICS section of the whitepaper.
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