# The $deSci pretoken and token economy

The $deSci pretoken can be obtained by contributing work, data, IP, or funds to deScier. The core function of $deSci is to curate the best scientific products and fund novel open science data creation around it.

$deSci tokens grant rights to participate in:

1. Which project receives funds
2. How projects receives funds
3. deScier government
4. deScier treasury management

As such, $deSci grants no ownership of scientific papers, IP or research outcomes but does grant full governance rights. It is the responsibility of $deSci holders to decide how to commercialize its R\&D projects and bring them to society.

$deSci’s design follows the sustainability loop principle. As deScier receives funds and begin producing data, deScier’s value grows with positive results. Successful commercialization means the deScier ecosystem grows and more funds become available. This attracts higher quality scientific contributions, thus enabling the funding of even more papers and projects and further growth of the deScier ecosystem.

#### Genesis

The diagram and table below show the initial deScier token distribution. Overall, 30% of total supply will go to the community during the initial genesis phase, from pretoken to token, and 70% will remain unminted and available in deScier’s treasury to ensure the longevity of the organization. Consider the initial genesis auction the first proof of concept financing to prove deScier’s model. Members may elect to mint further tokens at any time to the public or select strategic entities and funders. The overall amount of 10M tokens shall remain the same. A deflationary model will be pursued. At members’ discretion, deScier may allocate tokens to various incentive mechanisms as proposed herein or by the community.



#### Token Supply and Distribution

$deSci pretokens came into existence as a native ERC20 pretoken controlled by deScier issued in the amount of 100M minted in the Polygon chain. deScier’s tokens will be unable to exceed that number, 100M, being a capped ERC20 token. \


The genesis distribution event will liberate 8% of deScier’s total token supply to interested participants using a fair and fully open smart contract auction on the Polygon blockchain.



| Tokens      | Distribution | Stakeholders              |
| ----------- | ------------ | ------------------------- |
| 8,000,000   | 8%           | deScier Genesis           |
| 2,000,000   | 2%           | Accelerated               |
| 10,000,000  | 10%          | Service Providers (Voted) |
| 10,000,000  | 10%          | Working Groups (Voted)    |
| 70,000,000  | 70%          | Treasury                  |
| 100,000,000 | 100%         | deScier                   |

\*Community Genesis encompasses the Genesis Team\


Since deScier’s genesis operates via a public auction, the community decides the initial token price. We estimate a minimum of $2,500,000 will be required to support the first deScier’s steps. That amount will form the base requirement of a successful auction.

deScier will be fully decentralized and community-owned from inception. No entity, not even members of the deScier’s Genesis Team, will own $deSci tokens prior to the genesis contribution event. Prior to the auction, no one issued any tokens or sold any to individual contributors. The tokens don’t exist until just before the auction. Nobody controls deScier until after inception.

To compensate for work efforts for the formation of deScier before the genesis contribution event auction, the Genesis Team and the Accelerated Network will have rights to the $desci tokens as follows:

Before the genesis contribution event, $desci pretokens will be transferred via proof-of-work using tasks on Discord and Dework to members actively contributing to deScier.&#x20;

The holders of $desci pretokens, including the Genesis Team, will be issued $desci tokens at a 20% bigger ratio as recognition for their work during the pre-launch phase. This will also be a vesting period for the members of the Genesis Team.

An amount of 2% of deScier’s pretokens belong to Accelerated Network via common agreement between the Genesis Team and this accelerator. The same amount of $desci tokens will belong to Accelerated after the auction at 1:1 ratio.

$deSci’s genesis contribution event will run via a fair launch public auction, granting all successful auction participants equal governance rights per $deSci. Once issued the first 10% of tokens, the deScier core community will begin voting on the first governance proposals to allocate additional tokens to working groups and service providers.

Importantly, the approval of these allocations to working groups, contributors, and service providers is at the full discretion of genesis members and their approval. They form the core of deScier’s decision-making and executive body.

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