In this chapter we discuss the supply and distribution strategy of $YOM. A visual overview can be found as part of our tokenomics deck, which can be downloaded here.

Token Supply

To start with, the total supply of $YOM is 300,000,000 (300 mln.) and the total market cap at the time of the token generation event is $360,000 Additionally, we decided to not implement mechanics that artificially reward $YOM holders as part of a staking pool. The reason for this is that this is fundamentally a non-sustainable mechanics that prevents spending $YOM and leads to the growth of communities dependent on arbitrary incentives rather than value. Instead, we will be adding a liquidity pool for those who want yield on their tokens.
Of the total supply, 30% of the tokens have been sold in multiple rounds. In order to ensure for healthy token liquidity, we kept the amount of publically sold token to a minimum (1.33%). The marketing allocation will be used for the go-to-market strategies, such as bringing in more exchanges and ecosystem campaigns (meta jams) and to sell to the first strategic partners that will be using the product, ranging from the acquisition of implementation partners and global brands.
The funds raised from the Cooperative / DAO will be used to provide provide YOM with a necessary legal framework where users can vote / control the system and an ethical way for the project to distribute its equity allocation to the community. More on this can be found here.

Token Sale & Vesting

There are multiple rounds, where depending on the token price, the party received an alternate vesting schedule associated to it. This rewards strategic parties who decide to hold the tokens for a longer period of time - until these too are released to the secondary market. The team and advisory network share the same vesting schedule that prevents them from selling their first batch of tokens for at least 12 months - thereby signalling trust to the community.
The secondary market pricing of $YOM is not dependent on the effort of the Beemup team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing. To emphasize this, the liquidity provider of $YOM is Skynet Trading, a professional party handles the liquidity of several major blockchains via their own proprietary technologies.
UPDATE 06/02 - changes in vesting schedule:
Token allocation
Released at TGE (old)
Released at TGE (new)
Token allocation
Months to unlock (old)
Months to unlock (new)

Token Rewards

The goal of $YOM has always been to open up the market for peer-to-peer cloud and optimize it for cost-efficiency and performance. The token rewards distribution mechanism is explained in more detail under Streaming.