Taraxa Token Information
Last updated: October 30, 2023
Welcome and thank you for your interest in the Taraxa project! This article lays out some basic and most often-asked questions about our tokens.
Maximum Supply
As of October 23, 2023, the community has passed a governance vote capping the maximum TARA supply to 12 billion. As soon as the hardfork update is ready we’ll share it.
Overall Distribution
The latest price, circulation, market capitalization, total supply etc. can all be found in the token section of the Taraxa website which updates these numbers in real time: https://taraxa.io/token
- Seed and Private rounds took place in 2018.
- Public Sale took place in March of 2021, the proceeds of which will go to fund the ongoing technology development, business development, as well as token listing in the short-term.
- Taraxa’s team members committed to the long-term success of the network and will hold their token allocations for an extended period.
- The Taraxa Foundation intends to keep a certain number of tokens indefinitely (not to be sold) to help bootstrap and continue to participate in the decentralized network’s operations.
- Community & Ecosystem funds are used to ensure the ongoing health and sustainability of the Taraxa ecosystem, including funding for development grants, bug bounties, driving application adoption, and raising awareness in the medium to long-term.
- Exchange Security Deposits were security deposits mandated by the exchanges the Foundation has partnered with, these are not meant to be circulated.
Unlock Schedule & Circulation
TGE took place on March 23, 2021. The unlocks are on a quarterly basis so just add 3 months to the TGE date and you’ll get your unlock dates. These unlocks do not include Staking Yields, as they are minted, not unlocked.
As of March, 23, 2023, all investor tokens have been unlocked.
The Community & Ecosystem unlocks are updated based on a combination of actual spending and future projections.
TARA Native Token Conversion COMPLETED on April 3, 2023
Taraxa has completed its native token conversion on April 3, 2023. You can find more about the token conversion in Taraxa’s documentation: https://docs.taraxa.io/native-token-conversion/introduction
