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GITBOOK-502: change request with no subject merged in GitBook
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Gabriel Gruber authored and gitbook-bot committed Nov 9, 2023
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Expand Up @@ -18,27 +18,30 @@ The total Community token supply will be distributed as follows:

Since we launched the OP token rewards program in April, the community members already using the Protocol in OP Mainnet will receive an airdrop of 1% (100,000 EXA) of the total token supply, fostering community engagement, awareness, and protocol adoption. The criteria will be based on the proportion of already distributed OP rewards through our [Rewards Controller](https://docs.exact.ly/guides/protocol/rewardscontroller), measured on July 18, 2023, at 19:00 UTC. Users assigned OP rewards but didn’t claim them will also be eligible for the airdrop.

Users can start claiming their tokens on July 25, 2023, at 14:00 UTC. We will implement a linear stream of 4 months for airdrop tokens, starting on the actual claiming date, ensuring a controlled and steady supply of EXA tokens. To facilitate token distribution, we have selected [Sablier](https://sablier.com/) as a platform that meets high security and robustness standards. All the processes will happen through the Exactly app in the new Governance section.
Users can claim their tokens on July 25, 2023, at 14:00 UTC. We will implement a linear stream of 4 months for airdrop tokens, starting on the actual claiming date, ensuring a controlled and steady supply of EXA tokens. To facilitate token distribution, we have selected [Sablier](https://sablier.com/) as a platform that meets high security and robustness standards. All the processes will happen through the Exactly app in the new Governance section.

### **EXA Incentives and Community Grants:** <a href="#f9d8" id="f9d8"></a>

The protocol users will receive 5% (500,000 EXA) of the total token supply during 2023 through the current Rewards Controller Contract and other incentive mechanisms through strategic [partnerships](https://docs.exact.ly/resources/partnerships) with Beefy, Velodrome, etc. **The** [**EXA token rewards**](https://medium.com/@exactly\_protocol/exactly-rewards-update-introducing-exa-rewards-extending-op-rewards-program-6dd4a3dffe7a) **will start on July 24, 2023**. The remaining EXA tokens will be released until May 2024.
The protocol users will receive 5% (500,000 EXA) of the total token supply during 2023 through the current Rewards Controller Contract and other incentive mechanisms through strategic [partnerships](https://docs.exact.ly/resources/partnerships) with Beefy, Velodrome, etc. **The** [**EXA token rewards**](https://medium.com/@exactly\_protocol/exactly-rewards-update-introducing-exa-rewards-extending-op-rewards-program-6dd4a3dffe7a) **will start on July 24, 2023**. The remaining EXA (and Escrowed EXA) tokens will be released until May 2028 ([EXAIP-02)](https://gov.exact.ly/#/proposal/0xe8582ed61b471cddedf865aad15138503f4bd71813ece8c66f0325507ac1c2f9).

The Exactly DAO will also be awarding **EXA token grants** to those builders who want to build on top of Exactly Protocol to foster the growth of the Exactly ecosystem.

To ensure the optimal use of our available token supply, we have already introduced our [Rewards Controller Contract](https://docs.exact.ly/guides/protocol/rewardscontroller) as a distribution rule that adjusts rewards based on the percentage of the target loan volume achieved within the Exactly Protocol, using tokens allocated for community rewards.

## Token distribution for Team Members, Advisors, and Investors <a href="#6f74" id="6f74"></a>

We have implemented a linear lock-up period of 48 months, starting on June 1, 2024.
We have implemented a linear lockup period of 48 months, starting on June 1, 2024. All these tokens have voting power and are vested with Sablier.&#x20;

You can see all the EXA tokens will be distributed in the following graphic:
You can see all the EXA token holders [here](https://optimistic.etherscan.io/token/0x1e925de1c68ef83bd98ee3e130ef14a50309c01b#balances) and the lockup scheme in the following chart:

<figure><img src="../../.gitbook/assets/Token Lockup (3).svg" alt=""><figcaption></figcaption></figure>

For more information about the EXA token distribution and supply, please read our [full article](https://medium.com/@exactly\_protocol/the-exa-token-is-here-88a2449c4eb3).
Please read the following articles for more information:

On October 18, 2023, \[EXAIP-02] Adjustments to the EXA token distribution scheme has passed the voting process and will be implemented. For more information, please review the full proposal [here](https://gov.exact.ly/#/proposal/0xe8582ed61b471cddedf865aad15138503f4bd71813ece8c66f0325507ac1c2f9).
* [**Exactly Protocol’s Path to Decentralization**](https://medium.com/@exactly\_protocol/exactly-protocols-path-to-decentralization-7a6e2099cf7c)
* [**The EXA Token Is Here!**](https://medium.com/@exactly\_protocol/the-exa-token-is-here-88a2449c4eb3)
* [**\[EXAIP-01\] Transitioning to EscrowedEXA rewards (esEXA)**](https://medium.com/@exactly\_protocol/exaip-01-transitioning-to-escrowedexa-rewards-esexa-d387e1f63600)
* [**\[EXAIP-02\] Adjustments to the EXA Token distribution scheme**](https://medium.com/@exactly\_protocol/exaip-02-adjustments-to-the-exa-token-distribution-scheme-c8e54f503128)

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