Bicameral Contribution System
Last updated
Last updated
The Bicameral Contribution System will only be live once the citizend platform fully launches after July 2024
Projects that successfully secure a contribution slot in citizend split their sale in two halves: the Voters' Half and the Stakers’ Half. Both halves have equal terms for contributors: volume, minimum and maximum target raise amount, and, if relevant, token vesting schedule. Citizend rewards all community members that show support for specific projects, regardless of their holdings and their ability to contribute, while also incentivizes those that can contribute more to both citizend and the projects. It is important to keep in mind that the Stakers’ Half is also made up of citizend community members. The only difference between the halves is in how allocations are awarded.
The Voters' Half is open to verified citizends who casted their single available vote in a Discovery Batch for the winning project —the project that secured the most votes. Maximum allocation per individual is based on the desired contribution of each individual, and is set to the same amount across all contributors, according to the Rising Tide Mechanism.
The Stakers’ Half is open to all verified citizends that have staked their CTND tokens in the platform. Allocations for the Stakers’ pool of a specific project are determined based on the total CTND amount that an individual has staked, in relation to the other individuals' staked amounts that also want to contribute to the specific project, on a pro-rata basis. For example, if the maximum target raise allocation available to the Stakers’ Half is $1m (from a total of $2m across both halves), and there are 3 individuals that want to participate - Alice, who has staked 1% of the total CTND staked amount in the platform, Bob, who has staked 2% and Eve, who has also staked 2%, the maximum available allocation that would be possibly granted to Alice in the Voters' Half would be 1%/5% = 20% of the $1m allocation = $200k.
