STEAM Tokenomics
Zhenglong is built to reward long-term participation, decentralize governance, and create sustainable liquidity incentives. All token allocations are transparently structured and time-released.
Total Supply: 100,000,000 $STEAM
| Category | Allocation | Vesting / Notes |
|---|---|---|
| 🏦 Bao Treasury | 25% | Vested linearly over 24 months. Max locked as veSTEAM. |
| 📦 Treasury Reserve | 10% | Vested linearly over 12 months. Protocol-controlled. |
| 🤝 FX Protocol Allocation | 3% | Vested linearly over 12 months. Max locked as veSTEAM. |
| 🚀 IDO | 6% | Fully liquid at TGE, distributed via community + public rounds. |
| 💧 Initial Liquidity | 1% | Deployed immediately on launch. |
| 🌱 Genesis Contributors | 2% | Rewards for initial liquidity providers. |
| 📣 Booster Program | 3% | Distributed over 3 years (0.27% TGE, 1% Y1, 1% Y2, 0.73% Y3). |
| 🧑💻 Founders | 6% | Vested linearly over 24 months. |
| 🌊 Protocol Incentives | 39% | 5M tokens distributed linearly in Year 1, then decaying 12.9% per year after. 100+ years to fully emit. |
| 🎁 veBAO Airdrops | 5% | 500k tokens in Year 1, decreasing 10% annually. Similar schedule to protocol incentives |
🔒 Locked Governance Supply
The Bao Treasury and FX Protocol Allocation are both committed to permanent max lock as veSTEAM once vested.
These make up a minimum of 28% of the token supply that is guaranteed to be locked and actively contributing to protocol governance and emission direction.
On the chart, this is shown as an overlay line labeled:
🟢 Minimum locked as veSTEAM (Bao + FX Protocol)
📉 Emissions Logic
Protocol Incentives (39%)
- Year 1: 5,000,000 tokens emitted linearly
- Following years: each emits 12.9% less than the year before
- Modeled after Curve's emissions: decaying emissions with a long tail
- Emission lifespan: 100+ years
veBAO Airdrops (5%)
- Year 1: 500,000 tokens (linear)
- Each subsequent year emits 10% less than the year before
- Also spans 100+ years
- Designed to reward long-term aligned governance holders
📊 STEAM 5 Year Emissions
This chart shows:
- 📦 Cumulative token release over the first 5 years
- 🟩 Stacked areas for each allocation category
- 🔒 An overlay line for the minimum number of max-locked veSTEAM tokens from the Bao and FX Protocol allocations
The categories with immediate or early liquidity — IDO, Initial Liquidity, and Genesis — appear at the base for clarity.
All values are linear unless stated otherwise. No cliffs. No surprise unlocks.
