Supply information

Supply Information

UNION token contract and distribution information.

UNION token is an ERC20 utility token, starting as a governance token for the protocol - and then possibly taking any other new function the DAO could envision for it.

The initial supply of UNION is 1,000,000,000 (1 billion). with the dao having the ability to mint up to 2%/year (starting 2025/12/22).

Token contract ERC-20: 0x5dfe42eea70a3e6f93ee54ed9c321af07a85535c

Decimals: 18

Symbol: $UNION

Coingecko: https://www.coingecko.com/en/coins/union-finance

Initial Supply Information

1 Billion UNION tokens have been minted at genesis.

  • 20% to Community DAO โ€” 200,000,000 (+ 2%/yr mint in perpetuity)

  • 46.78% to Initial and Future Team โ€” 466,666,666: 1yr cliff + 4yr vest

  • 33.22% to Early Supporter s โ€” 332,166,667: 1yr lockup + 1yr vest

Community-governed Treasury

200,000,000 Union was initially allocated to the following community owned contracts.

  • 150M is in a Treasury Vester contract that will vest into the Treasury contract with the following hardcoded params:

    • vestingBegin: 2022/12/22,

    • vestingEnd: 2025/12/22,

    • vestingAmount: 150M

  • 38.9M is in the Treasury Contract and immediately accessible by governance.

  • 9M pre-funded the EthComptroller Contract โ€” Also has a drip() from the treasury starting from block #13816842 at a rate of 1 UNION per block for a total amount of 20M UNION. so, the end block will be blk# 15816842

  • 2M to a merkledrop contract โ€” Ended.

  • 100K pre-funded the ArbComptroller.

Bridged Tokens

UNION has been bridged to Arbitrum and Optimism.

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