The ERIS Distributed Ledger will have 1 billion tokens.
The distribution of these tokens is dependent on who contributes to the project.
Contributors are paid out in EOS or ERIS or both.
50% of ERIS tokens will be distributed to those who donate capital.
30% of ERIS tokens will be distributed to the affiliates who grow the network.
20% of ERIS tokens will be distributed to coders, custodians, creatives, and the founder.
100% of EOS collected through the ‘ERIS Token Wow!’ smart contract is under custodian multisig control and paid out to coders, custodians, and creatives through official worker proposals.
The current number of ERIS DAO Voting Tokens (ERIS) on EOS mainnet is only 2 million.
Here is the current distribution: https://bloks.io/tokens/ERIS-eos-eosdactokens
When the ERIS Distributed Ledger launches, holders of ERIS DAO voting tokens on EOS mainnet will be allocated 500 ERIS tokens for every 1 ERIS DAO voting token they hold.
ERIS Distributed Ledger will then have the same number of tokens as EOS: 1 Billion.
ERIS Distributed Ledger will utilize the new eosio power up model.
Block Producers will be paid through inflation. Inflation rate on ERIS has a default of 1% and a maximum of 5%. This is controlled by the ERIS DAO.
All Block Producers must be functional DACs and their candidacy must be approved by the ERIS DAO.
The ‘ERIS Token Wow!’ Smart Contract
Live now on the EOS mainnet is a smart contract that accepts EOS and distributes ERIS.
This contract also automatically runs our Eris Affiliate Program.
Currently the contract is set at a 1 to 1 ratio between EOS and ERIS DAO voting tokens.
Pay the contract 1 EOS and it will pay you 1 ERIS.
Remember that IF the ERIS Distributed Ledger launches each of these ERIS DAO voting tokens will be worth 500 ERIS on ERIS Distributed Ledger.
Affiliates can earn more ERIS buy encouraging other people to donate ERIS and include their EOS account name in the memo of the transaction. More on our Affiliate program in a future post.
The EOS that is sent to the ErisTokenWow smart contract is instantly and automatically sent to the treasury account controlled by the elected custodians of the ERIS DAO.
ERIS token will likely be open for trading on Alcore DEX soon.
Escalating ERIS pricing through the smart contract:
Currently the ratio is 1 ERIS for 1 EOS but prices will rise according to the Fibonacci sequence.
• Round 1: 200,000 ERIS – 1 ERIS for 1 EOS
• Round 2: 200,000 ERIS – 1 ERIS for 1 EOS
• Round 3: 200,000 ERIS – 1 ERIS for 2 EOS
• Round 4: 200,000 ERIS – 1 ERIS for 3 EOS
• Round 5: 200,000 ERIS – 1 ERIS for 5 EOS
• Round 6: 200,000 ERIS – 1 ERIS for 8 EOS
• Round 7: 200,000 ERIS – 1 ERIS for 13 EOS
• Round 8: 200,000 ERIS – 1 ERIS for 21 EOS
If all 8 rounds are sold out, the ERIS DAO treasury account will have 10,800,000 EOS which is a tidy sum to pay out in worker proposals.
*The token distribution outlined in this article represents my current plans. However, these numbers may be adjusted through future decisions of the Eris Decentralized Autonomous Organization.