ICO Overview
Users have 3 days to commit USDC to an ICO.
Each ICO sets a minimum raise — the least amount of USDC required for the sale to be successful — and a maximum raise, which caps how much the team can collect.
Allocations and any refunds are handled pro rata, ensuring each participant receives a fair share based on their total commitment.
If the project does not reach the minimum raise, the ICO fails and all committed USDC is fully refunded to participants.
Token Supply & Distribution
Standard initial supply: 120,000,000 tokens (does not include locked team tokens)
The table below is the standard supply SagaPad applies by default. A project can customize its tokenomics, adding allocations such as a pre-launch deposit round, ecosystem or community pools, and the initial supply changes accordingly.
One rule cannot be customized: team allocation at TGE is always 0. Team token incentives are only minted after the token reaches predefined price milestones, no matter how the rest of the supply is arranged.
Post-ICO Process
If an ICO is successful, the following happens:
- Invested USDC transfers to a market-governed treasury.
- Minting rights are transferred to the treasury, ensuring supply is controlled by governance.
- The treasury add to liquidity pools with 20% USDC raised and 20M tokens.
The team receives a monthly operating budget, distributed according to the pre-defined ICO terms. To make larger spends, they need to raise governance proposals.
Builder Incentives & Alignment
A total of 67.5M tokens is mintable as builder incentives, distributed through performance-based tranches tied to token price growth.
Each tranche unlocks when the token reaches specific price milestones — 2x, 4x, 8x ... up to 512x of the ICO price — measured using the 30-day TWAP.
Once unlocked, each tranche vests linearly over 50 days, ensuring gradual distribution and reduced sell pressure.
