What percentage of ARK coins does the development team hold?

With 20% of the total ARK supply, the development team ensures project stability, long-term commitment, and ecosystem growth through a gradual vesting schedule and transparent public treasury wallet.

Dec 24, 2024 at 03:55 am

Key Points:

• The ARK team holds 20% of the total supply (100 million ARK).
• The coins are held in a public treasury wallet for transparency.
• The team's ARK holdings are gradually released over time through a vesting schedule.
• The vesting schedule is designed to incentivize long-term commitment to the project.
• The team's ARK holdings provide stability and ensure funding for ongoing development.

Main Content:

ARK TEAM'S ARK HOLDINGS

The ARK development team holds 20 million ARK (20% of the total supply), which were allocated during the ARK token genesis in 2017. These coins are held in a public treasury wallet on the ARK blockchain, providing transparency and accountability to the community.

VESTING SCHEDULE

The team's ARK holdings are released gradually over a predetermined vesting schedule. This schedule is designed to incentivize long-term commitment to the project and to ensure funding for ongoing development. The following vesting milestones have been established:

• Years 1-2: 25% of the team's ARK holdings are released
• Years 3-4: 25% of the team's ARK holdings are released
• Years 5-6: 25% of the team's ARK holdings are released
• Years 7+: The remaining 25% of the team's ARK holdings are released

BENEFITS OF TEAM ARK HOLDINGS

The team's ARK holdings provide several benefits to the ecosystem:

• Stability and Funding: The team's vested ARK holdings provide financial stability and ensure funding for ongoing development costs, including research, product development, marketing, and community engagement.
• Long-Term Commitment: The vesting schedule incentivizes long-term commitment to the ARK project by preventing the team from selling off their holdings too quickly. This ensures that the team is focused on the long-term success of the network.
• Community Confidence: The transparency and accountability of the team's ARK holdings foster trust and confidence within the community. The public treasury wallet allows community members to verify the team's holdings and the vesting schedule.
• Ecosystem Growth: A portion of the team's ARK holdings is allocated to ecosystem development initiatives, such as funding grants for developers and startups building on the ARK blockchain.

FAQs:

Q: Why does the ARK team hold 20% of the total ARK supply?

A: The team holds 20% of the ARK supply to provide financial stability, ensure long-term commitment to the project, and support ecosystem growth.

Q: How long is the team's ARK vesting schedule?

A: The team's ARK vesting schedule spans over seven years, with phased releases of 25% of their holdings each year for the first six years and the remaining 25% released thereafter.

Q: What is the purpose of the public treasury wallet?

A: The public treasury wallet holds the team's ARK holdings and allows community members to verify the accuracy and transparency of the team's vesting schedule and token distribution.

Q: How does the team's ARK holdings contribute to the growth of the ARK ecosystem?

A: A portion of the team's ARK holdings is allocated to ecosystem development initiatives, such as funding grants for developers and startups building on the ARK blockchain, which supports innovation and growth within the ecosystem.