Tokenomics
OnADrac introduces a thoughtfully crafted tokenomics structure, carefully designed to align with our mission of fostering community engagement, inclusivity, and sustained growth within the Cardano ecosystem.
Private Sale (10%):
The private sale allocation of 10% is designated for early community members, providing exclusive access at a low rate per DRAC token. This phase caters to strategic investors and supporters, fostering a strong foundation for community engagement.
Public Sale (25%):
Participants in the public sale, occurring during the pre-sale phase, will receive DRAC tokens proportionate to the amount of ADA they contribute. This approach ensures a broader distribution and wider community involvement, aligning with OnADrac's commitment to inclusivity.
Liquidity (32%):
A significant 32% of the total token supply is dedicated to ensuring liquidity on decentralized exchanges. The liquidity pool is initiated through DEX initial token deposits and presale proceeds. LP tokens are securely stored in a multisig wallet, bolstering the stability and accessibility of DRAC tokens in the market.
Marketing (10%):
The marketing allocation of 10% is strategically utilized to amplify awareness about $DRAC and grow the community. Various marketing initiatives, including promotional campaigns, partnerships, and community engagement activities, contribute to enhancing the project's visibility.
Airdrops (2%):
Reserved for memes, contests, community events, and more, the airdrop allocation of 2% encourages active participation within the community. As a gesture of appreciation, 1% of the total supply was distributed within the first month, promoting engagement and rewarding early supporters.
Utility (5%):
This is key to OnADrac’s strategy to advance the Cardano community and how we plan to take ADA to the moon ‘On-A-Drac’. Behind the scenes a small allocation will be put towards launchpad products within Cardano and the profits will be distributed back to our token holders.
The utility allocation of 5% is dedicated to advancing the Cardano ecosystem through various means, including farming activities, small partnerships, launchpad collaborations, and innovative project developments. This allocation reflects OnADrac's commitment to utility-driven value within the community.
See Utility section for more info.
Reserve (8%):
The reserve allocation of 8% serves a versatile purpose, including activities such as CEX listings, giveaways, contests, burning events, and more. Decisions regarding the use of the reserve are subjected to community votes, ensuring a democratic and community-driven approach.
Development (8%):
The development allocation of 8% is specifically earmarked for advancing the OnADrac token. This includes initiatives such as gaming, NFT projects, and various other developments. Community members actively participate in decision-making processes related to developmental endeavors through voting.