Tokenomics

At the time of launch on June 9, 2021, the Genesis block was established with 10,000,000,000 CCD. The total number of CCD in existence will increase over time because of the minting of new CCD.

Features of CCD

As a native token of a layer-one permissionless blockchain, the CCD shall support the ecosystem in a variety of ways.

Network Fees

Transaction fees are paid to the validators (bakers and finalizers) who run the Concordium infrastructure and thereby provide its availability with all its features of security, fast finalization, large throughput rate, etc. These fees are to be paid by end-users in CCD tokens. They are known in advance and stable expressed in Euro terms.

Bakers and Finalizers rewards

The block rewards consist of transaction fees and newly minted tokens. They are awarded for 85% to the block bakers, for 5% to the block finalizers, and for 10% to the Concordium Foundation. The rewards serve to incentivize node runners to participate in the consensus, thereby solidifying the blockchain.

Payment-token

Swiss Financial Markets Regulator (FINMA) has classified Concordium's token the CCD as a Payment-token, meaning that it is suitable to be used for on-chain settlement of transactions, as well as collateralization, and all other use-cases being used by Decentralized Finance.

Governance-vote

Ultimately, the governance of Concordium will be in the hand of the community, who will vote to elect an executive committee. The vote will occur weighted according to the amount of tokens backing each vote.

Concordium also boasts one of the most interesting token distribution plans in the space given the focus on Developers and Enterprise partners with more than 70% being issued to people building on the ecosystem.

10 billion CCD at launch.

CCD growth rate targeted long term at 2% p.a.

Newly minted CCD used for:

incentives to bakers and finalizers
10% Platform Development Charge to the Concordium Foundation for ensuring further development and promotion of the blockchain.

Transactions fees will be stable vs EUR, enabling businesses to plan operating costs.

Staking program incentifying CCD holdings will be implemented after launch.

Token release schedule of CCD in Genesis block

All subject to potential change before release.

CCD holder groups	Genesis block CCD-distribution Jan. 2022, %	Genesis block CCD-distribution Jan. 2022, CCDs**	Number of Genesis block CCDs release Jan. 2022**	Release Schedule for locked-up tokens (# months after Jan. 2022)
				First month of release period	Last month of release period
Sale seed	25.00	2,500,000,000	0	6	18
Strategic Partners	10.00	1,000,000,000	50,000,000	1	9
Team	10.00	1,000,000,000	0	6	18
Concordium Foundation	27.71	2,771,000,000	0	18	42
Community and Developers endowment	6.50	650,000,000	0	1	36
Private sales	19.54	1,954,000,000	97,700,000	1	9
Potential Public Sale (incl. market making)*	up to 1.00	100,000,000	0	1	1
Grand total	100	10,000,000,000	217,700,000	-	-

*) Public Placement potentially without lock-up
**) Actual number of CCDs distributed will reflect the growth in total number of CCDs since the Genesis block (June 2021)

Percentage of CCDs released from lock-up based on total number of CCDs in existence on 5 January 2022

This chart is interactive. You can hover over the chart for more details on the percentage of genesis block released from lock-up.

Percentage of CCDs
released from lock-up

Month After January 2022