$MIND Distribution
Last updated
Last updated
The philosophy behind the MIND tokenomics is rooted in the belief that the community is the driving force of MindDAO. The collective data set is only as strong as the individuals contributing to it, so the tokenomics prioritize fueling community participation and ownership.
The majority of the token supply is allocated to the community to ensure that contributors are fairly rewarded for their data and to foster a sense of shared ownership and governance. This emphasis on community empowerment is balanced by provisions for team contributions, early supporters, and liquidity to ensure the project has the resources needed for a successful launch and sustained growth.
The MIND token has a fixed supply of 100 million tokens, designed to reward the community for contributing their data, govern the DAO's decisions, and facilitate access to collective insights. The tokenomics breakdown emphasizes community ownership, transparency, and sustainability, ensuring that the project is equitable and impactful. Below is a detailed breakdown of the allocation:
The majority of the MIND token supply, 70%, is allocated to the Community Treasury. This allocation reflects the core philosophy of MindDAO: the project thrives through the community’s participation and data contributions.
Tokens from the treasury will be used to reward participants for providing their mood and mental health data. The first initiative supported by the treasury will be the PANAS time-series data collection, incentivizing weekly participation by rewarding users who contribute valuable data to the ecosystem. The treasury will also fund future methodologies for collecting and utilizing emotional and mental health data, ensuring the DAO’s long-term growth and impact.
These tokens will act as the fuel to grow the data treasury, attract contributors, and expand MindDAO into a robust, community-owned ecosystem.
To foster early engagement and reward key contributors, 10% of the total MIND token supply will be distributed via an airdrop. The airdrop is divided into two categories, ensuring recognition for both the foundational community members who supported MindDAO’s early efforts and the partner communities aligned with its mission.
The first category of the airdrop is allocated to the Early MINDERS, also known as Pre-MINDERS and those who have submitted their $MIND report in the first week of launch. These individuals represent the earliest supporters of MindDAO, those who took a leap of faith in the project’s vision and helped lay the foundation of its community.
Early MINDERS are recognized for building our initial community and engaging deeply with the project.
This allocation is designed to thank them for their early belief in MindDAO’s mission and incentivize their continued participation.
Pre-MINDERS will also have the opportunity to earn additional tokens by providing mood data to the DAO, reinforcing their ongoing role in building the ecosystem and the data treasury.
The Early MINDERS’ contributions have been invaluable, and this allocation ensures they remain integral to the DAO’s growth and success.
The second category of the airdrop is reserved for partner communities that align closely with MindDAO’s mission. This includes leaders in the decentralized science (D-Sci) movement, well-being, longevity, and creativity-focused communities that have shown strong interest and support.
The Partner Communities tokens are distributed as follows:
D-Sci and Well-Being DAOs: These communities represent ideological peers of MindDAO, deeply aligned with its values of collective data ownership and advancing mental health. The airdrop will include:
HairDAO: Focused on collective funding for hair-related health solutions.
BiohackerDAO: Advocating for open science and biohacking innovation.
VitaDAO: Driving research into human longevity through decentralized science.
These projects are recognized as leaders in their respective spaces, and MindDAO is proud to partner with them to build a robust, collaborative network.
V_on_VANA: The V_on_VANA community has been a consistent supporter of MindDAO and embodies the connection between creativity and mental health. While distinct from the D-Sci communities, V_on_VANA is included in the airdrop as a valued partner that has shown ongoing enthusiasm and alignment with MindDAO’s mission.
Creativity is a critical component of mental health, and the engagement of the V_on_VANA community reinforces the importance of art and innovation in fostering positive mental states.
This airdrop allocation reflects our appreciation for their contributions and encourages their continued involvement in the project.
To support early liquidity and project funding, 2.5% of the total supply will be allocated to a token pre-sale at a fixed price of around $0.05 per token.
This pre-sale offers early supporters the opportunity to participate in the project’s growth and aligns their incentives with the DAO’s success. Funds raised during the pre-sale will be used to:
Bootstrap liquidity for trading.
Cover operational and development costs to ensure a successful launch.
The pre-sale will help MindDAO establish a strong foundation for its ecosystem while maintaining transparency and accessibility.
Pre-sale will accept deposits of ETH on Base and tokens will be distributed on Vana Mainnet and unlocked at $MIND TGE, targeted for Tuesday, December 24, 2024, 12:00:00 AM.
Another 2.5% of the token supply will be used to seed liquidity on the Vana DataDEX This liquidity will pair MIND tokens with VANA tokens to ensure robust trading and enable seamless access for participants.
The VANA Foundation has generously provided a loan of VANA tokens to support this effort, underscoring their commitment to fostering innovation within their ecosystem. As part of the VANA Aurora cohort, MindDAO is proud to leverage this partnership to ensure a successful launch on the DEX.
The early team behind MindDAO has spent the past six months building the foundation of the project, with expertise spanning psychology, engineering, and data science. Their work has included:
Developing the initial technical infrastructure.
Designing data collection mechanisms (e.g., PANAS).
Engaging the community and establishing partnerships.
To recognize their efforts and ensure continued stewardship during the project’s early phases, 15% of the token supply will be allocated to the team. These tokens will be distributed with a long-term vesting schedule to align the team’s incentives with the DAO’s sustained success.
