Tokenomics
The Innovation Game (TIG) is a groundbreaking protocol designed to accelerate algorithmic innovation through a novel proof-of-work variant called optimisable proof-of-work (OPoW). The protocol uses its native token, TIG, to incentivize both Benchmarkers (miners) and Innovators (algorithm contributors) in a sustainable ecosystem.
Last Updated: 9th of November, 2024
Benchmarkers
Miners incentivised to use the most efficient algorithms contributed to TIG, earning block rewards proportionate to their solution contributions.
Innovators
Contributors who develop optimised or new proof-of-work algorithms, earning rewards when Benchmarkers adopt their algorithms.
The Use-Case for $TIG
The TIG token is designed to serve as a versatile utility token within the ecosystem, functioning as the primary reward mechanism for Benchmarkers who dedicate computational resources to solving challenges and for Innovators who contribute algorithmic solutions. Beyond these core functions, the token will play a crucial role in protocol governance once this feature is implemented, allowing token holders to participate in decision-making processes that shape the protocol's future. Additionally, TIG tokens are utilized for commercial licensing fees, creating a sustainable economic model that continues to generate value even after the initial emission schedule concludes.
Supply, Emission & Distribution
Supply Breakdown
The TIG token, deployed as an ERC20 smart contract on Base at 0x0C03Ce270B4826Ec62e7DD007f0B716068639F7Bhas a maximum supply planned around a structured emission schedule.
Total Supply
131,040,000 TIG
This includes every token that will ever be minted. There is never going to be more than 131,040,000 TIG.
Benchmarkers & Innovators (Community)
104,490,336 TIG (79.74%)
This includes the tokens that will be earned by both Benchmarkers and Innovators.
Treasury
8,229,312 TIG (6.28%)
The treasury is used to fund the development of TIG, including the creation of new challenges, the maintenance of the protocol and formation of partnerships.
Founders
13,000,000 TIG (9.92%)
The tokens are 100% locked for 1 year. After that a 2-year linear vesting schedule begins.
Team Members
2,699,424 TIG (2.06%)
Allocated to team members who contribute to the development and growth of the protocol.
Early Capital Providers
2,306,304 TIG (1.76%)
Sold to early supporters who provided initial capital to launch and maintain the protocol.
Initial Liquidity
314,624 TIG (0.24%)
The initial liquidity is used to provide liquidity to the TIG LP on Uniswap V3.
Token Emission Schedule
| Tranche | Rounds | Tokens/Block | Tokens/Round | Start Date | End Date |
|---|---|---|---|---|---|
| 1 | 26 | 100 | 1,008,000 | 24 Nov 2023 | 1 June 2024 |
| 2 | 52 | 50 | 504,000 | 1 June 2024 | 31 May 2025* |
| 3 | 104 | 25 | 252,000 | 31 May 2025* | 29 May 2027* |
| 4 | 208 | 12.5 | 126,000 | 30 May 2027* | 24 May 2031* |
| 5 | 416 | 6.25 | 63,000 | 25 May 2031* | 14 May 2039* |
* Dates are approximate
The Innovation Game's tokenomics are structured across five distinct tranches spanning from November 2023 to May 2039, with each tranche halving its token emission rate while doubling in duration. The first tranche, running until June 2024, distributes 100 tokens per block (1,008,000 per round), while the final tranche reduces to just 6.25 tokens per block (63,000 per round). With blocks occurring approximately every 60 seconds and rounds lasting 10,080 blocks (about seven days), this creates a predictable emission schedule that balances initial distribution with long-term sustainability. After the completion of all tranches in May 2039, the protocol transitions to a self-sustaining model where rewards are generated exclusively from TIG Commercial license fees, ensuring the protocol's economic longevity beyond the initial emission period.
Token Vesting Schedule
Treasury Streams
| Stream | Amount | Link |
|---|---|---|
| Treasury Stream 1 | 1.13M TIG | View Stream |
| Treasury Stream 2 | 1.57M TIG | View Stream |
| Treasury Stream 3 | 1.57M TIG | View Stream |
| Treasury Stream 4 | 1.57M TIG | View Stream |
| Treasury Stream 5 | 1.57M TIG | View Stream |
10% unlocked at TGE, 90% vesting linearly over 3 years
Founder Streams
82 founder streams totaling 13M TIG
100% locked, 1 year cliff followed by 2 year linear vesting
The Innovation Game implements a comprehensive vesting structure for both treasury and founder allocations to ensure long-term alignment and protocol stability. The treasury allocation consists of 8,229,312 TIG tokens, distributed across five streams, with 10% unlocked at the start and the remaining 90% subject to a three-year linear vesting period. These treasury tokens are split into one stream of 1.13 million TIG and four additional streams of 1.57 million TIG each, totaling 6.28 million TIG across the latter streams. For the founder allocation, a total of 13 million TIG tokens are distributed across 82 separate streams, featuring a more stringent vesting structure with 100% of tokens initially locked, subject to a one-year cliff period, followed by a two-year linear vesting schedule, demonstrating a strong commitment to the protocol's long-term success.