The Concentrator (CTR) token serves as the governance mechanism for the Concentrator ecosystem. Its tokenomics mirror those of Curve's ve model, allowing CTR holders to stake their tokens for up to four years to receive veCTR. The governance power of veCTR is influenced by both the number of tokens locked and the duration remaining on the lock.
Owning veCTR grants significant governance privileges, including the authority to decide on the distribution of 50% of Concentrator's total revenues. Based on community voting outcomes, holders can anticipate a substantial share of these earnings.
The total supply of CTR is capped at 5 million tokens, all of which will be distributed by the conclusion of the Initial Farm Offering (IFO), with half allocated to IFO participants. Notably, there are no allocations set aside for teams or investors, and the token does not have any mandatory lockup periods or vesting schedules. Following the IFO, users will soon have the opportunity to lock their CTR, convert it into veCTR, and start engaging with platform governance and revenue distribution.