TGE plan
This document outlines the plan for the $SYMM TGE on 16th december
Last updated
This document outlines the plan for the $SYMM TGE on 16th december
Last updated
Here you find a comprehensive explanation of the Symmio TGE (Token Generation Event) plan as determined by the community’s SIP-1 vote and subsequent decision-making by the team. This plan is a hybrid approach combining elements of both Option 4 (immediate full unlock) and Option 5 (immediate TGE with modified vesting and early unlock capabilities).
Context and Background:
The community vote on SIP-1 was extremely close, particularly between Option 4 and Option 5.
Option 4 favored an immediate TGE with full unlock (100% of tokens available from day one).
Option 5 also favored an immediate TGE but introduced a vesting schedule and an early unlock feature, allowing participants to claim tokens early by paying a penalty that would be redistributed to compliant holders, liquidity providers, and ecosystem incentives.
Unlike Option 4’s full immediate unlock or Option 5’s limited immediate unlock, the chosen hybrid solution provides 30% of each holder’s tokens immediately at TGE (Day 1).
The remaining 70% will be subject to a vesting schedule of roughly 9–12 months, but with key modifications to reduce waiting times:
If it takes, for example, 3 months to finalize and deploy the vesting contracts (including audits and technical preparations), those 3 months will be subtracted from the total vesting period. Thus, a 9-month vesting could effectively become 6 months.
The vesting release timeline will be decided by a logarithmic function. Practically, this means if a holder claims their vesting late, their remaining vesting duration will be shorter. For example:
If someone starts vesting immediately at TGE, they may have the full remaining 9 (or adjusted) months.
If another person only comes in at Month 8, their remaining vesting time could be significantly shorter than the original full vesting period, ensuring they don’t face an unnecessary full wait upon late participation.
Immediately or shortly after TGE, a special claim contract will be deployed allowing users to early-unlock their vested tokens before the end of the vesting period.
Early unlocks come with a penalty of 50% on the yet-vested portion. For example:
A user holds 1 million tokens in total. They will receive 300,000 tokens at TGE (30%). With the remaining 700,000 tokens vested over the chosen period. If they decide to unlock their tokens early, they pay a 50% penalty, getting only 350,000 tokens instantly. The 350,000 penalty are redistributed to other compliant holders, liquidity providers, and ecosystem incentives.
An additional option will allow early unlock into liquidity pools (LP) without penalty. By providing USDC to match their tokens, users can contribute to an 80/20 Balancer pool. Pre-earned protocol fees will be seeded as Protocol-Owned Liquidity (POL) to deepen liquidity from day one. Over time, these protocol fees can be reclaimed by users who early unlock into LP, creating a strong incentive to bolster liquidity early on.
The airdrop allocation is divided among three main categories of users:
OG traders: Those who traded on earlier versions of the platform (pre-season one, including initial alpha versions and Cloverfield).
Season 1 traders: Users active during Season 1.
Season 2 traders: Users active during Season 2.
A total of 15% of the remaining ecosystem incentives is dedicated to these airdrops, split as roughly 10 million tokens for OGs and Season 1, and 5 million for Season 2 participants.
Airdrop recipients will receive 30% of their tokens at TGE. However:
Airdropped tokens are NOT eligible for the early unlock penalty mechanism. Those tokens must vest over time.
The remaining 70% of airdropped tokens will be released during the vesting period only if the recipient must perform a trade using our platform during season 2. This clause will ensure that the airdrop rewards actual long-term platform engagement rather than passive holding. The unclaimed amount from users who do not remain active will be redistributed to active users in Season 2.
The TGE date will see an immediate 30% token release to all participants.
A vesting schedule is in place for the remaining 70%, but the total time may be shortened by the contract development period.
Early unlock is possible at a 50% penalty, which is redistributed, incentivizing patience and contributing to the health of the ecosystem.
Early unlock into LPs offers a no-penalty alternative, encouraging liquidity formation and leveraging protocol-owned liquidity.
Airdrops to OGs, Season 1, and Season 2 users follow a similar vesting and initial release pattern, with ongoing engagement required to claim the full allotment.
This approach is designed to strike a balance between immediate liquidity and long-term ecosystem health, rewarding participants who remain engaged while still honoring the community’s narrowly decided vote.
