Vesting & Unlocks
All vesting is enforced on-chain via the $POP Jetton contract and a vesting wrapper contract. There is no off-chain "trust us" component.
Full unlock schedule
| Bucket | TGE | M0–M6 | M7–M12 | Y2 | Y3 | Y4+ |
|---|---|---|---|---|---|---|
| Season 1 airdrop | 15% | linear (1/12 per Q) → | linear → | linear → | linear → | — |
| Community future-Season pool | 0% | 0% (cliff) | 0% (cliff) | 8.3% per Q | 8.3% per Q | 8.3% per Q until exhausted |
| Ecosystem & Partnerships | 0% | 0% (cliff 6m) | linear ⅛ Q → | linear → | linear → | end Y2.5 |
| Team | 0% | 0% (cliff 12m) | 0% (cliff) | linear 1/12 per Q | linear → | end Y4 |
| Treasury | 5% | DAO discretion | DAO discretion | DAO discretion | DAO discretion | DAO discretion |
| Liquidity | 100% | — | — | — | — | — |
| Investors | 0% | 0% (cliff 6m) | linear ⅛ Q | linear → | linear → | end Y2.5 |
Visual approximation (circulating supply over time)
% circulating supply
100 ┤ ╭──────────
80 ┤ ╭───────────╯
60 ┤ ╭──────────╯
40 ┤ ╭─────────╯
20 ┤ ╭──────╯
10 ┤──────╯
0 ┼──────┬──────┬──────┬──────┬──────┬──────┬──────┬──────
TGE M6 M12 Y2 Y3 Y4 Y5(Approximate; exact curve depends on Season-pool quarterly distributions and Treasury DAO decisions.)
Why the long team cliff
Team allocation has a 12-month cliff and 36-month linear (48 months total) — the longest in the protocol. This is a credible commitment: the team's only liquid path is to make CashPop succeed for at least a year before any insider sell pressure can materialize.
Treasury behavior
The DAO Treasury (10%) is governance-controlled. It exists to fund: (i) future ecosystem partnerships, (ii) bug bounties and security audits, (iii) academic research grants (per the Theory & Research mission), (iv) emergency liquidity provision. The Treasury cannot be unilaterally drained — every disbursement requires a quadratic-vote proposal pass. See Governance.
Investor lock-up alignment
The 5% Investor bucket has a 6-month cliff and 24-month linear, matching the Ecosystem bucket. Investor positions cannot exit while ecosystem allocations are still ramping — alignment is structural.
Sybil-farming hardness in the airdrop
Because Season 1 airdrop is weighted by α_{T(i)} × r_i, a Sybil farm of L0/L1 accounts captures a fraction of the airdrop proportional to the product of multiplier ratios. A 10,000-account L0 farm captures the same airdrop allocation as ~1,667 L7 accounts (10,000 × 0.5 / (1 × 3.0)). The TGE airdrop is therefore not a Sybil arbitrage opportunity.