STEP Wallet Distribution

Distribution of STEP tokens at time of issuance

Distribution

All STEP tokens are minted upfront with certain pools of tokens being subject to vesting or lockups. It can be assumed that anything which is part of the below wallet is not part of 'circulating supply' as it is not circulating and locked. STEP tokens not part of the below wallets are not owned or controlled by Step Finance. As discussed in the previous section STEP is distributed to the following pools:

Treasury: 2zvdDgj3DnKZp8V1aLgx9bQA1mqAxKUUW5SmHv9rWgRG

This wallet functions as the core pool for paying expenses from and receiving fee income. Expenses mean costs associated with running Step.finance including team salaries, server costs, marketing expenses or anything else which incurs an expense paid for by the protocol. Step.finance also has a number of services which charge a fee and a % of fee revenues is returned to treasury (20% as per Tokenomics, 80% going to STEP stakers).

Over time the treasury will rise and fall in balance with the goal to be cashflow positive in STEP earning more income in STEP than outgoings.

Community Pool: HRr8EW8FYSuNHkJc822ZuDRCWRwaRyJ7xaWAr8xWV7Jy

This wallet is where the majority of supply is and will be distributed over a set emissions schedule. Currently LP rewards are distributed from this pool and future Transaction Execution rewards will also come from this pool. Ultimately, we intend this pool's tokens to find its way into circulating supply over time as we distribute tokens to users for undertaking productive tasks (adding liquidity or using the platform in some way).

Once all coins are distributed from this pool we still intended to reward users however by that time we will be a much larger project with many value accrual mechanics whereby incentives can be paid directly from fee revenue ensuring no additional coins are required to be emitted.

Airdrop Pool: EWYtiuJkv9fuMJvgG6vxFYHMQGfLBWkqgkxBJDbJAX6t

This pool is set aside for airdrop rewards in future. We have no ETA for this. Our intent is to vampire other protocols to bring new users in, reward existing Solana users or any other creative mechanics associated with airdrops.

Founders Pool: TBD (NOT MINTED YET)

This pool is locked tokens belonging to the team which are subject to the vesting schedule set forth in the Step Tokenomics guide. These coins are currently not minted yet as Step.finance is awaiting audits on a vesting contract which will assist in setting ensuring these locks and vesting are all on-chain and transparent.

Pre-Sale Investors Pool: TBD (NOT MINTED YET)

This pool is locked tokens belonging to the step.finance presale investors that are subject to the vesting schedule set forth in the Step Tokenomics guide. These coins are currently not minted yet as Step.finance is awaiting audits on a vesting contract which will assist in setting ensuring these locks and vesting are all on-chain and transparent.