AGIP-10 Vesting Schedule for the newly minted AGLD tokens

[Hill]

Introduction

Post AGIP-9, the AGLD community has 15.5M AGLD tokens available to support the Adventure Layer Ecosystem. To better support the Adventure Layer ecosystem in an impactful, sustainable, and community-driven way, AGIP-10 is introduced as a vesting/unlocking schedule proposal to establish a rate limiter of newly minted AGLDs (referred to as “community holdings” in this proposal) being utilized/released for the foreseeable future.

Under the rules established by AGIP-9, most spendings would be subject to governance approval (the sole exception being small grants, which have additional rulesets). The vesting schedule proposed below, if passed, would not determine the actual rate of community holdings reaching circulation. It simply indicates the maximum possible rate of release, which shall not be exceeded. In other words, at a certain point in time, only the vested/unlocked amount would be reasonable to be released, subject to governance approval, to support the development of the Adventure Layer ecosystem.

Goals & Objectives

1. Community-driven decision-making ensuring transparency

Unlike most VC coins, where vesting schedule is discussed behind closed doors, the Adventure Gold & Adventure Layer community has a direct decision over the vesting schedule on the community holdings.

2. Ensure ample support & initial boost on the ecosystem, set a leading example for an ecosystem built by a fair launch project

Adventure Gold, when regarded as a project, has come a long way. We are the first airdrop/fair-launch token of an NFT collection. We are the first community owned L3 (Loot Chain). We are the first 100% community-owned project to explore the cutting edge of onchain dapps. It would be a huge pity, like most fair launch projects, if we stopped right before everything took off. The vesting schedule proposed below aims to enable most of the community holdings to be available following a clear and concise schedule so that Adventure Layer can remain competitive among other crypto gaming chains in this and future market cycles.

3. Avoid over complications, which can lead to governance fatigue.

We have learnt lessons from ourselves about governance inefficiencies in 2021. Having a crucial proposal every week would have been a nightmare for the community. It’s important that we set aside the important rules and only make changes to them when necessary.

Rule of thumb

• Same vesting & unlocking schedule for all 4 categories of newly minted AGLD to avoid over complication & maintain community governance participation.
• Community decision ultimately rules on spendings, via onchain governance on Tally
• Vesting schedule is like a flow-limiter: spending from community holdings should not exceed the limit of already unlocked tokens at the time the proposal’s submission.
• Vesting schedule should adhere to the launch & development timeline for the Adventure Layer ecosystem.

Vesting schedule detail

• First unlock on 1st Apr 2025: 20% of each category
  • Retroactive Funding: 800k (cliff)
  • Treasury: 800k (cliff)
  • Ecosystem Grants: 800k (cliff)
  • User Incentives: 700k (cliff)
• Followed by monthly linear unlocks: 10% on 1st day of each month
  • 1st May 2025 10%, 1st Jun 2025 10%, 1st Jul 2025 10%… 1st Dec 2025 10%
  • The last unlock happens in 1st Dec 2025
  • Retroactive Funding: 400k (monthly linear)
  • Treasury: 400k (monthly linear)
  • Ecosystem Grants: 400k (monthly linear)
  • User Incentives: 350k (monthly linear)

Unlocked funds each month do not mean they will head into circulation. For each event where some AGLD will reach circulation, we will update Coinmarketcap & Coingecko in a timely manner. Funds only reach circulation via

• Ecosystem Grants
  • Small grants committee （<5000 AGLD per grant)
    • The committee shall produce monthly reports on updates of past spendings
    • The committee shall produce a report upon giving out a small grant.
    • Grant recipients should produce monthly updates on their progress
• Formal Governance proposals
  • Retroactive funding to compensate for community builders & core contributors
    • Requires monthly disclosure report
  • Treasury
    • Never reach circulation directly
    • Only funnels to the other 3 categories
  • Ecosystem Grants
    • Large Grants will reach circulation when approved
    • requires formal governance proposal & approval
    • Grant recipients should produce monthly reports
  • User Incentives
    • As the name suggests, the allocated AGLD will reward users directly, hence will reach circulation when approved.
    • Requires formal governance proposal & approval
    • The Project Team whose users receive the user incentives shall produce monthly reports on the usage & impact of the user incentives.

Closing

Through the AGIP-10 proposal, we hereby propose that the community holding be implemented with a vesting schedule from Apr, which is the time when Adventure Layer mainnet will be live. Vesting will be completed by the end of 2025, which gives the Adventure Layer Ecosystem enough warchest to compete with other well-funded gaming ecosystems. The vesting schedule is not indicative of the change in circulating supply of $AGLD at all. Each major circulation change would always be subject to formal onchain governance approval from the community.

[Focused-Pilot]

This proposal means that the most part of the decision is by the community;

1. We had a discussion and concluded on minting the new tokens as voted by the community.

2. We threw the discussion open to the community what the think about the vesting, and from the feedback, we have now created the proposal as the community suggested.

It is time for FOGC to be great again, and our community will be the first people to ensure that! Let’s go!

[KBONNEY]

AGIP-10 sets a clear path for sustainable growth, ensuring $AGLD supports builders, users, and the ecosystem long-term.
With a structured vesting plan and community-driven governance, we stay competitive while keeping things fair and transparent. Big moves ahead

let’s build!

[KreigDK]

AGIP-10 introduces a clear vesting schedule for newly minted AGLD, ensuring a sustainable and community-driven approach to supporting the Adventure Layer ecosystem. This proposal helps balance growth while maintaining transparency and governance efficiency. Great update

[Mercysnow]

This is a well-structured and thoughtful proposal! The transparency and community-driven approach to the vesting schedule set a strong precedent for fair governance. Ensuring a sustainable and competitive ecosystem while avoiding governance fatigue is a smart move. The detailed breakdown of allocations, monthly reporting, and oversight mechanisms show a commitment to responsible treasury management. This proposal will undoubtedly strengthen Adventure Layer’s long-term vision and trust within the community!

[Cllaytus]

What I like about this proposal is that if passed, it would simply indicate the maximum possible rate of release, which shall not be exceeded.

Shout out to the $AGLD team.

[Birchnut]

This is exactly what we need for long-term stability. Keeps things transparent and prevents reckless spending. Solid proposal!

[sherhan]

AGIP-10 introduces a clear vesting schedule for $AGLD to ensure sustainable growth for the Adventure Layer ecosystem! Starting April 1, 2025, with a 20% unlock, followed by monthly 10% releases until December 2025. This proposal ensures community-driven transparency and long-term success!

[blument]

Sherhan mentioned this proposal, and I have to say, I’m impressed with AGIP-10! The monthly unlock system feels like the right approach for sustaining growth without overwhelming the market

[OxDilo]

What I like about this proposal is that unlocked funds each month do not mean they will head into circulation immediately. Thanks Cllaytus for always sharing the latest updates.

[Divineee]

This shows transparency. Thanks Cllaytus for bringing this to my notice.

[Realest]

“The vesting schedule proposed below, if passed, would not determine the actual rate of community holdings reaching circulation.”

Intelligence move. Thanks Cllaytus for this. The future of $AGLD is bright.

[Kuby]

Well understood. Thanks cllaytus for always sharing.

[Creator]

“The vesting schedule is not indicative of the change in circulating supply of $AGLD at all. Each major circulation change would always be subject to formal onchain governance approval from the community.” This is well thought out. Thanks Cllaytus and the AGLD team.

[Psycrpt]

AGIP-10 is a crucial step toward ensuring the sustainable growth of the Adventure Layer ecosystem. By implementing a structured vesting schedule, the community can prevent excessive token releases while maintaining flexibility for governance-approved initiatives. This approach aligns well with long-term value creation and responsible treasury management. Thanks Cllaytus for pointing me to this.

[MUMMY]

While AGIP-10 introduces a reasonable rate limiter for AGLD token releases, the real challenge will be in ensuring that governance decisions align with the best interests of the ecosystem. The community should remain vigilant in approving expenditures that maximize impact while maintaining decentralization and transparency. Thanks Cllaytus.

[Sledge]

This vesting schedule could pave the way for more structured and strategic development within the Adventure Layer ecosystem. With a controlled release mechanism in place, the community can prioritize impactful projects and long-term sustainability. However, it will be important to review and adjust the schedule periodically to align with evolving ecosystem needs. Cllaytus brought this to my notice.