150 million tokens from the ecosystem fund were airdropped to holders of Punkz-related NFTs in the following proportions:
Generation 1 = 45 million tokens
Generation 2 = 45 million tokens
Master Punkz = 45 million tokens
Calix Labs x Punkz 5 million tokens
Collaboration projects with punkz=10 million tokens
500 million tokens from the same fund are going to DAO treasury and resources where 120,500,000 from these are unlocked at launch and 7,906,250 will unlock monthly for 48 months.
The 27% that will go to Punkz Founders and for charity are divided as it follows:
150 million will go to the Punkz founders under a 12-month lockup, and then 4,166,666.67 tokens unlocked per month for 36 months.
120 million tokens or their equal value will be donated to Charity with an initial lock-up of 12 months, and 3,333,333.33 tokens unlocked per month for 36 months after that.
8% of the tokens will go to the launch contributors under a 12-month lock-up and 2,222,222.22 unlocked tokens per month for 36 months after that.
The Punkz Foundation and The DAO
Stewarding Punkz token is the Punkz foundation – it’s the base layer where holders and the DAO can build. Per the official website:
The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is tasked with administering the decisions of the Punkz tokens DAO and is responsible for day-to-day administration, bookkeeping, project management, and other tasks to ensure the DAO community’s ideas have the support they need to become a reality.
The DAO itself, on the other hand, exists to deliver power to the community of Punkz holders. Punkz Improvement Proposal Processes would allow the DAO members to make decisions on the Ecosystem Fund applications, projects, partnerships, and beyond.
The DAO’s board will act as a council of the Punkz Foundation, and its members are tasked with oversight of the Foundation administrators. The Board has a purpose of administering DAO proposals and serving the overall vision of the community.
The Punkz Token Protocol
Punkz is a token built on Solana that serves the purposes of governance, but it also brings utilities when used within the Punkz ecosystem.
The open-source protocol layer of the entire ecosystem has a few purposes to serve:
Incentivization