6.2 Distribution of GET

In total, up to 90 million GET will be minted via a smart contract system. The total number of GET Tokens minted will be divided into five different pools. The figure below shows this division(take note: the percentages in the image shown below assume that the crowdsale will completely sell-out, meaning that all 90 million tokens will be minted).

Image

Dynamic and static partitions.

The amount of GET Tokens allocated to the ”SF” is fixed (static). This means that that regardless of the result of the crowdsale, 12.6 million GET will be minted into this fund by the crowdsale contract. The amount of GET to be allocated to the other pools are dynamic, the size of ”Public Exchange” depending on how many persons participate in the ICO and the size of the ”UGF” Pool and ”Team & Investors” Pool being calculated using the following formula: (”GET exchanged in the Public Exchange ” divided by 36,900) times ”UGF” Pool maximum (27,000) [OR] ”Team & Investors” Pool maximum (11,700). See also the table below for further clarification:

% of PE maximum exchanged

Size PE pool

Size UGF pool

Size SF pool

Size T&E pool

Size P&O pool

Total

100%

36.900.000

27.000.000

12.600.000

11.700.000

1.800.000

90.000.000

90%

33.210.000

24.300.000

12.600.000

10.530.000

1.620.000

82.260.000

80%

29.520.000

21.600.000

12.600.000

9.360.000

1.440.000

74.520.000

60%

22.140.000

16.200.000

12.600.000

7.020.000

1.080.000

59.040.000

50%

18.450.000

13.500.000

12.600.000

5.850.000

900.000

51.300.000

40%

14.760.000

10.800.000

12.600.000

4.680.000

720.000

43.560.000

30%

11.070.000

8.100.000

12.600.000

3.510.000

540.000

35.820.000

23%

8.560.800

6.264.000

12.600.000

2.714.400

417.600

30.556.800

<23%

0.00

0.00

0.00

0.00

0.00

0.00

Table 14.

Description of the partitions .

In the list below the different partitions are described as well as the maximum percentage of total maximum supply of 90 million GET is described.

  • Public Exchange — up to 41% As the diagram above shows, up to 41% of the maximum amount of GET minted will be exchanged for ETH as part of the ICO.

  • User Growth Fund — up to 30% The UGF promotes protocol usage by rewarding both EO's and GU's for using the GET Protocol. See previous chapters about the role and function of the UGF.

  • GET Stability Fund — 14% STATIC The SF will act as a stabilizing buffer for EOs to acquire GET so they can use the GET for their events. 12,600,000 GET will be allocated to the SF, irrespective of the amount of GET exchanged in the public exchange. The SF acts as a siphon, and needs to replenish itself after any transaction with EO's, with the result that the SF will offer to exchange back GET into ETH from the open market against at least the guaranteed exchange rate. See previous chapters about the role and function of the UGF. The GET in stability fund will on net never enter circulating supply, as the stability fund will always buy the GET it provided to event organizers within the protocol back from the open market.

  • Team and advisers — up to 13% This partition of GET will be made available for the GET Foundation team and advisers. Approximately 6% will be transferred directly to team members and advisers, all with vesting contracts of at least 1 year.. The remainder will be held by the GET Foundation may at the sole discretion of the Foundation, be transferred exchanged with future team members and advisers if the Foundation deems this beneficial to the development and success of the GET Protocol. When GET is granted to team members and advisers, a standard lock-up period of 12 months applies.

  • Promotion and others —up to 2% The GET Tokens will be transferred to third parties in exchange for services in the field of marketing and as a bounty reward for quality control for the integrity and robustness of the code of the GET Protocol.