Tokenomics
TRUE is a multi-function utility token in Truemarkets as well as its enshrined oracle.
Token functions:
controls protocol fees
governs Truemarkets, its branding and domain
source of economic subjectivity in dispute resolution
governs oracle configurations
This multi-utility approach ensures that the security of the oracle scales with the success of the application and that the economics of the app are in harmony with that of the oracle.
Distribution
The total supply of TRUE is 100 Million, with the following genesis distribution:
40.3% - Patron NFT
The largest allocation of the TRUE supply will be distributed to our Patron NFT holders.
15071 Oracle Patron NFTs
59 Truth Seeker Patron NFTs
2.2% - Airdrop
Genesis Attesters
Truemarkets Beta-phase users
Polymarket discord users (between January 1st 2024 and October 16 2024)
12.5% - TRUE/ETH incentives
To satisfy the need for liquidity, 12.5% of the supply will be distributed to TRUE/ETH LPs on Base over 18 months.
7.5% - Prediction Market incentives
7.5% of the total supply will be used to bootstrap the PM by incentivizing:
YES/NO liquidity
Market creators
Other PM related activity
12.5% - Oracle incentives and Strategic use
12.5% of the total supply is dedicated to Oracle liveness incentives and future strategic use cases:
TRUE stakers
autonomous dispute / resolution
Attester lottery system
Data provider initiatives
Strategic use / Partnerships
25% - Team and Advisors
25% of the supply will be distributed to the Truemarkets team and advisors. This allocation will be linearly vested over two years.
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