Tokenomics
Overview
$Geer is the native utility token of the Geer Project, designed to create a sustainable ecosystem that rewards users and aligns incentives across the platform.
NA
Solana
Network
Distribution
90%
Circulating Supply
Community ownership and fair distribution
7%
Burned Supply
Permanently burned due to a deployment incident
3%
Project Fund
Community rewards and open-source contributions
Circulating Supply (90%)
The majority of tokens were distributed at launch to ensure wide community ownership and decentralized participation. This fair launch approach creates an inclusive ecosystem where all participants have equal opportunities to engage with the platform.
Project Fund (3%)
Allocated strategically for:
- Open-source development contributions
- Community-driven initiatives
- Developer grants and bounties
- Technical infrastructure improvements
The fund follows a 12-month vesting schedule, with 1/12 of the total amount released monthly.
- Transaction (opens in a new tab)
- Escrow account (opens in a new tab)
- Recipient Wallet (opens in a new tab)
Burned Supply Details
Initially, 7% of the total supply was intended to be allocated for open-source funding.
However, during deployment, the dev misconfigured
the recipient address, resulting in these tokens being permanently locked.
The recipient address was incorrectly set to the token's contract address, making the tokens
permanently inaccessible.
- Transaction (opens in a new tab)
- Escrow account (opens in a new tab)
- Recipient Account: Mistakenly set to the token's contract address (
NA)
All transaction details are publicly verifiable
through the provided links.
Due to the immutable nature of the lock on-chain, this token is considered permanently
burned.