# Revized $P Tokenomics

**Published by:** [Pike](https://paragraph.com/@pikedao/)
**Published on:** 2024-03-29
**URL:** https://paragraph.com/@pikedao/revized-p-tokenomics

## Content

Revised $P TokenomicsGpike friends - we’re back with a much anticipated adjustment to Pike’s tokenomics! We appreciate all the feedback we’ve received, however Pike’s tokenomics seems to be a hotly debated topic as of this week - so we’ve decided to do something about it, and align the $P token with our community investors at large.tldr:Core Contributors (Team) have become their own category - separate from AdvisorsCore Contributors (Team) schedule have changed to:Core Contributors receive 10% of total supply0% unlock at TGE12 month cliff/lock before vesting begins100% vests over 36 monthsAdvisor schedule have changed to:Advisors receive 5% of total supply25% unlock at TGE12 month cliff/lock before vesting beginsRemaining 75% vests over 12 monthsTokenomics Spreadsheet can be found at: https://docs.google.com/spreadsheets/d/1Oe-tEEXTrHwNQUzkqaO8T-xB0zecpgXS57hkeomqL8k/edit?usp=sharing10.35% from the 22% Foundation Treasury was sold during the Pike Community Presale. The remaining 11.65% will be reserved for future capital formation events.The PresaleOrganizing the presale was quite an involved task for the Pike team and presented a number of challenges from both the appetite of retail individuals due to market momentum, but also regarding the logistics and execution of the entire event. Furthermore, there was also quite a bit of development effort required due to the mechanics of the presale, with it having been done in-house, and tied in with the Pike PIU Program (PPP). Despite it being far more demanding on both the team and community than going down the traditional route of institutional fundraising, we would not change anything whatsoever if given the chance to do it over. We believe that this Presale was the best way to grow Pike by providing the community an opportunity to take part within the ownership structure at an early stage - an opportunity that is rarely, if ever, available to retail individuals. Furthermore, now that Presale participants are literally upon the cap table of Pike, we must align our decision making with the community, even before $P governance goes live.The Change in TokenomicsOf course, while successful, the Presale was not free from hiccups, issues or scrutiny. The largest concern community members had was regarding the vesting schedule, and specifically the Core Contributors & Advisor section. For this, we opted for a generally shorter schedule due to the 18 months that the team has already spent working on the protocol, and the added capital flexibility during an uncertain period within the market due to both the in-industry, and macro environment. We had, of course, deliberately prioritized the vesting schedule for Presale participants, with them receiving the largest unlock, with the shortest cliff and vesting schedule (50% at TGE, 3 month cliff and 6 month vesting i.e. 100% unlock by Month 9). We were also able to sell 10.35% of the 22% Foundation Treasury allocation, and the remaining 11.65% will be reserved for future capital formation events. As we’ve stated however, we are opting for a community-first approach across the board. Whether it be protocol design, features to implement, UI and UX to rework, partnerships, or tokenomics. Since this was the most significant concern, we have reworked the tokenomics regarding the team allocation to reflect the values and opinions of our most valued stakeholder - the community, and reinforce our long term vision and alignment as a team.The updated token release schedule.As a result, we’re making the following changes to the tokenomics:Total vesting schedule is extended from 43 months to 48 monthsCore Contributor & Advisors separated into 2 separate categoriesRather than being a combined 15%:Core Contributors receive 10%Advisors receiving the remaining 5%Core Contributors vesting has changed:25% at TGE -> 0% at TGE6 Month Cliff/Lock -> 12 Month Cliff/Lock6 Month Vest -> 36 Month VestAdvisor vesting has changed:25% at TGE -> 25% at TGE (unchanged)6 Month Cliff/Lock -> 12 Month Cliff/Lock6 Month Vest -> 12 Month VestThe full spreadsheet that details the unlock schedule and tokenomics can be found at the following link:Pike (P) Tokenomics - RevisedThis browser version is no longer supported. Please upgrade to a supported browser.http://docs.google.comConclusionAs always, please provide your thoughts and suggestions on Twitter or directly within our Discord accordingly - we welcome all input as it’s only by listening to the community can we develop into a competitive protocol that has the potential to redefine DeFi as we currently know it. Users and community members are also always welcome to engage with the team directly within our weekly office hours - the next one will be taking place on April 1st, and the subject will be Pike’s tokenomics!Join the Pike Discord Server!Borrow, lend, leverage and earn across any chain. https://pike.finance/ | 32289 membershttps://discord.comAbout Pike:Pike is a Universal Liquidity Protocol; it is designed to unleash utility for native assets by aggregating liquidity across blockchain networks. Pike’s vision is to become a universal liquidity layer that enables frictionless movement and accessibility of native assets across ecosystems. Pike is built on top of Wormhole’s Cross-Chain Data Messaging and Circle’s Cross-Chain Transfer Protocol (CCTP), and utilizes Pyth Network’s Price Feeds. One fundamental primitive of Pike is to enable users to supply native assets on source chains and borrow native assets destination chains without interacting with cross-chain bridges and handling wrapped assets. Learn more at: https://www.pike.finance/ Join the Discord at: https://discord.gg/pikefinance

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