Distribution of the Genesis Supply
When the Network is launched, a Genesis Supply of 1,288,490,189 tokens will be created. This is 30% of the Maximum Supply. These tokens will be distributed as follows:
MaidSafeCoin Holders
After the launch of the Network, holders of MaidSafeCoin will be entitled to swap their coins for the new Autonomi token on a 1:1 basis.
This applies to both the original coins issued on the Omni layer (MAID) and the ERC-20 version (eMAID).
Holders of MaidSafeCoin will collectively be allocated 452,552,412 tokens. That's 10.536806937% of the Maximum Supply.
What is MaidSafeCoin?
MaidSafeCoin is a proxy token issued as part of a crowd-sale (or ICO) in April of 2014 that supported the development of the Network. In fact this was only the second ever ICO, and sold out in a matter of hours.
It was accompanied by the publication of the original project white paper.
This is an increase from the allocation of 10% described in the original project white paper, accounting for an additional 23,055,683 MaidSafeCoins issued during the crowd sale. Tokens will be distributed to MaidSafeCoin holders in the form of an airdrop, with each MaidSafeCoin entitling the bearer to one Network token.
MaidSafe Shareholders
Each company share of Maidsafe.net Limited will entitle the bearer to 105.8221941 tokens, resulting in shareholders being allocated 214,748,365 tokens. This is 5% of the Maximum Supply.
Any unclaimed shareholder funds will be held by the Foundation for a period of seven years following the inception of the Network, after which these tokens will be transferred to the Network Royalties Pool.
Network Royalties Pool
Out of the Genesis Supply, 621,189,412 tokens will be allocated to a Network Royalty Pool and distributed as Network Royalties. This is 14.463193063% of the Maximum Supply.
This initial Royalties Pool will be split into the following funds:
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