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Since day one, AllDomains was created with the intention to become a fully decentralized, community-owned, and managed project. A council of early contributors initiated the proposal to create and mint the $ALL Token to play a crucial role in the growth and governance of the AllDomains ecosystem and to reward users for their engagement, facilitate seamless transactions, and grant token holders the power to shape the project's future through decentralized governance. As it matures, AllDomains will transition into a fully autonomous entity. Realms will be used to conduct the governance process and to ensure a decentralized and collaborative process. A foundation will have 50% of the minted token and will be set up in the next months to represent the future AllDomains DAO.
The $ALL Token, the native currency of AllDomains, holds significant importance in shaping the future of the project. It empowers users by granting them influence over the decision-making process and direction of AllDomains. By actively engaging with the platform and contributing to its success, users are rewarded with $ALL tokens, reinforcing the growth and sustainability of the AllDomains ecosystem. This token plays a crucial role in establishing AllDomains as a leading entity in the Web3 industry, offering users a comprehensive platform to manage their digital identities. $ALL serves various functions within the AllDomains ecosystem, including:
- 1.Rewards: By registering AllDomains’ Web3 domains, users earn $ALL tokens through the AllDomains platform.
- 2.Payments: $ALL tokens are utilized as a form of payment within the AllDomains ecosystem, facilitating transactions and enabling seamless integration with the AllDomains protocol.
- 3.Governance: Token holders of $ALL will have the opportunity to actively participate in the decision-making process of AllDomains. They will be able to vote on proposals and contribute to shaping the future of the project. However, the full governance structure will be developed at a later stage
Total tokens: 1.000.000.000 $ALL tokens
10% will be distributed to the AllDomains community, as follows:
- 2.5% will be airdropped to registered AllDomains domain and NFT holders
- 5% will be issued as Staking Options from Dual Finance as an incentive to the same registered AllDomains domain and NFT holders. Staking Options grants participants the right, but not the obligation to trade tokens at a future price
5% was allocated for Market Making in collaboration with Mango Markets and Dual Finance
10% will be used for future All Campaigns as incentives for domain registration and renewals
3.25% will be used as an incentive to Solana communities, projects, and developers and for marketing purposes. It is vital to reward all those who help build the AllDomains project:
- 2.25% will be used as grants to incentivize business partners and projects to participate in the future of AllDomains with new products and integrations, out of which 0.25% will be airdropped to Superteam developers in the initial airdrop.
- 1% will be used for Zealy Rewards to our community for marketing purposes, out of which 0.25% will be airdropped to the first season participants as a reward for their XP points.
- 3% for AllDomains contributors that have significantly contributed to the success of the project so far
- 5.75% for the Brand Ambassadors/Advisors, who supported the project and advised along the way
- 8% for the founding team
25% of the tokens will be airdropped and the remaining tokens will be vested linearly for 12 months.
Reminder: This is a self-funded project and most of the revenues so far were used solely to build with most of the working team not being paid for their work and efforts
5% of the tokens will be locked and funding the AllDomains project and allow it to grab any opportunities that come our way, such as investing in new products and services that can help the business grow
Our token project has allocated 50% of its tokens to a vested foundation for a crucial reason: to ensure the long-term sustainability and responsible governance of the protocol. This foundation will play a pivotal role in overseeing and guiding the protocol's evolution over time.
By vesting these tokens, we are committing to a patient and responsible approach to governance. These tokens won't be immediately accessible or tradable, but instead, they will be unlocked gradually, aligning the interests of the foundation with the protocol's success over the years.
Moreover, we recognize the importance of a well-informed and diverse set of perspectives to guide the protocol's development. To achieve this, we will appoint a council composed of influential figures from the Solana ecosystem. These individuals will bring their expertise and insights to the table, helping the foundation make informed decisions that benefit the protocol and its users.
In summary, the 50% token vesting for the future foundation, alongside the establishment of an experienced council, reflects our commitment to responsible governance and our determination to ensure the continued success and growth of the protocol on the Solana platform.
The 2.5 % of the total supply allocated for the $ALL airdrop to users will be distributed to all addresses that are or have been the registrant of a .abc domain, .poor domain, .bonk domain, .moon domain, .superteam domain, Brokepoint NFT by 6th of September 2023, 13 UTC.
Each year of renewal will be counted similar to a new domain.
Another 5% of the initial supply will be issued as staking options with Dual Finance. The link and instructions will be announced on our Twitter page and Discord channel.
$ALL rewards will be announced in limited-time phases (seasons) with set amounts based on campaigns, which may include specific TLDs (Top-Level Domains).
Future Realms proposals will detail the mechanics of each All Campaign and how these are going to support the project.
Quorum and proposal requirements will be defined for governance. In the next months, the community members will vote directly on a proposed Constitution, a set of rules and guidelines for the community and the foundation.
Foundation allocations are susceptible to changes via the future AllDomains DAO proposals
Proceeds from AllDomain sales will be used to create liquidity pools and to support the liquidity of the $ALL token. A future Realms proposal will detail the % of revenues that will be used to support the token.
The $ALL token documentation is a conceptual paper that articulates some of the main design principles and ideas for the creation of the digital token $ALL. The documentation is intended for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset.
The information herein may not be exhaustive and does not imply any element of, or solicit in any way, a legally binding or contractual relationship.
Further, you acknowledge that the project development roadmap and functionality are subject to change and the documentation may become obsolete as a result.