JEWEL Token
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The JEWEL token has a maximum supply of 125,000,000 tokens.
At the time that Harmony emissions ceased, approximately 112,851,539 JEWEL was circulating as unlocked, and approximately 283,644,055 JEWEL was locked.
As of 3/20/2023, all of these distributions have taken place.
The final percentages of locked JEWEL redistribution were as follows:
Locked CRYSTAL: 44.07342236579% (DFK Chain)
Locked JADE: 44.07342236579% (Klaytn)
Vested JADE: 5.806824466532% (Klaytn)
Vested JEWEL: 4.283393907257% (DFK Chain)
Liquid JADE: 1.762936894631% (Klaytn)
The remaining 10,379,035 JEWEL was allocated to individual wallets.
The JEWEL token has a hard cap of 500,000,000 tokens.
JEWEL initially had the following token allocations:
10,000,000 JEWEL - Pre-Mints as described below
~13.82m unlocked JEWEL / ~11.31m locked JEWEL - Development Fund Multisig
~13.82m unlocked JEWEL / ~11.31m locked JEWEL - Marketing Fund Multisig
~0.84m unlocked JEWEL / ~15.91m locked JEWEL - Founders Fund Multisig
~2.3m unlocked JEWEL / ~1.89m locked JEWEL - Jeweler (to reward xJEWEL stakers)
10,000,000 JEWEL tokens were pre-minted and distributed as follows:
5,000,000 JEWEL: Allocated to the Development Fund Multisig Safe to fund the future development of the game. These tokens were time-locked and released over a set schedule as features are completed.
2,000,000 JEWEL: Allocated to the Marketing Fund Multisig Safe for promotion of the project, including marketing, airdrops, etc. These tokens were also time-locked to release slowly over the next few years to ensure that there are always funds available to market the game and acquire new players and traders.
2,000,000 JEWEL: Allocated for initial liquidity. These tokens were matched with ONE tokens to form the initial liquidity pool and will not be withdrawn or sold.
1,000,000 JEWEL: Allocated to the Founders Fund Multisig Safe for bounties and hours for the founding team based on their work towards launch. Half of these tokens were awarded at launch, and the other half will vest over time.
We know there has been concern with some other projects selling a large amount of tokens at launch that left some feeling frustrated in the project. We seek to help put these concerns at ease with these measures to help our community have confidence in the DeFi Kingdoms project.
You can see the addresses of these funds here:
Additional notable project smart contracts on Harmony include:
Pine Cone: 0x826c3c6946cAF394c8811814Bb54B56480E39aa9
Sashei: 0x42C1B36BB243bFE02326473EC02a3488b55183E5
Bolon Soron: 0x2f26B3426504c28C29b6eDecae399D54717526CF
Professor Tango: 0x03B5c81d9759eb3ca12b2201891e61EE4bDfBB7A
Cabby: 0x18644254ADE30800bfbf9f4140C6a47Bf4465A2f
As of December 2022, all JEWEL that will ever exist has been minted and is circulating or burned, though some remains held in a .
Given the fully minted supply and the consistency of burned tokens through gameplay and gas fees on , JEWEL is a deflationary token.
In accordance with the adopted on 9/1/2022, JEWEL emissions on Harmony ended and locked JEWEL on Harmony was set to never unlock.
To account for the reduction in maximum supply and existing locked JEWEL, this difference was redistributed as CRYSTAL, JADE and JEWEL on Crystalvale and Serendale 2.0. This airdrop took place alongside the launch of Serendale 2.0. Vested tokens are unlocking retroactively to the start of the original Locked JEWEL unlocking schedule on September 24, 2022 ().
According to the percentages above, and to bring the new maximum supply to 125,000,000, approximately 12,148,460 JEWEL was placed in a on DFK Chain, vesting over one year according to the schedule above.
Approximately 1,710,424 of this JEWEL was allocated to the on DFK Chain, according to the percent of the locked balances held in the team funds on Harmony. Another 59,001 JEWEL was allocated to the Jeweler on DFK Chain according to percent of the locked balance of the Jeweler contract on Harmony.
In accordance with the project's , above, this information is no longer up-to date, but has been left here for reference.
Per the , above, the JEWEL cap has been lowered to 125m.
These allocations were based on the original emissions schedule and 500m maximum token supply. Since JEWEL emissions ended early, approximately 386.5m JEWEL was emitted from the Gardens in addition to the 10m JEWEL pre-mint. All 283.6m locked and vesting JEWEL was converted as part of the project's .
~418,800,000 JEWEL - Emitted from the Gardens to reward liquidity providers and locked/unlocked according to the .
~71,200,000 JEWEL - Emitted from the Gardens to fund the project and reward players. These emissions did not count against those described in , and were subject to separate . These allocations were broken down as follows:
Initial Liquidity Fund: The LP tokens from the initial liquidity are permanently held in the , and will never be broken.
Our funds are secured in multisig wallets at . These wallets will be controlled by 5 members of the core team, which may change from time to time. Any transaction will require 3 out of 5 signatures to execute. This helps to protect against hacks that would target the treasuries, ensuring that there is no single point of failure. Additionally, this protects against any one member of the team having the power to make any changes on their own, without the rest of the team being aware of and agreeing to it. It also gives 100% transparency, as anyone can view all of the transactions that are proposed before they are executed, as well as a history of every past transaction that was executed, including the executing wallets.
Development Fund Multisig Safe:
Marketing Fund Multisig Safe:
Founders Fund Multisig Safe:
Quest Fund Smart Contract:
Pay Portal Vesting Contract:
