Long-Term Supply Growth Rate

This section outlines how THAT’s circulating supply is expected to change over time under the vesting and release arrangements.

Supply Overview

As described in the token supply section, THAT has a maximum supply of 3.3 billion tokens, all of which were minted at the time of the Token Generation Event (TGE) on Ethereum. These tokens are released into circulation over time via smart contracts, based on vesting and funding schedules that currently extend up to approximately 10 years. The Ethereum THAT token contract does not include any function to mint additional tokens beyond this amount.

Although all tokens have been created, they do not become available to their respective recipient wallets immediately. Instead, they are introduced into circulation gradually over time. This creates an effective supply release curve.

Approximate Supply Release Rates

The following figures illustrate the approximate rate at which new tokens become available relative to the previously circulating supply under the fixed vesting configuration:

  • TGE: 20%

  • Year 1: 20.20%

  • Year 2: 16.80%

  • Year 3: 14.39%

  • Year 4: 12.58%

  • Year 5: 11.17%

  • Year 6: 10.31%

  • Year 7: 9.58%

  • Year 8: 8.94%

  • Year 9: 8.38%

  • Year 10: 7.89%

  • Year 11+: 0% (all vesting schedules completed)

These figures are indicative only and are based on the current vesting parameters. They are expressed as approximate percentages of new token availability relative to the circulating supply at the start of the relevant period. Actual circulating supply at any point in time will also depend on how and when holders choose to use, transfer or retain their tokens.

Design Rationale

The use of a fixed total supply and a time-based release schedule is intended to:

  • provide transparency around how and when allocated tokens can become available

  • avoid ad hoc or discretionary increases in total supply, and

  • phase the availability of allocations (including presale, company and founders) over multiple years rather than all at once.

These mechanisms are implemented via smart contracts and related technical controls. They do not, by themselves, determine market demand, price behavior or the level of adoption of THAT.

Long-Term Effects on Circulating Supply

Over long periods, some tokens may become inaccessible (for example, due to lost keys or inactive wallets). Because the token contract on Ethereum does not provide for new tokens to be minted beyond the fixed maximum supply, there is no mechanism within the contract to offset any such loss of access.

The overall impact of these factors on the effective circulating supply and on market dynamics, if any, is uncertain and will depend on a wide range of external conditions, including user behavior, market activity and broader developments in the digital asset ecosystem.

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