Reward Distribution

Rewards can be paid to Qoda DAO Members based on their share of the total $veQODA supply. This share is computed as a “snapshot” at the end of a series of "epochs." Rewards can only be paid in $QODA tokens, and can be claimed via the Qoda DAO App, which will be deployed after the $QODA Token Genesis Event.

Epochs are periods of time that are used to determine how available rewards are distributed to Qoda DAO Members. At the end of an epoch, $veQODA membership is calculated as a “snapshot,” cementing each Member’s claim to that epoch’s available rewards. Members may claim their rewards after an epoch has passed. Initially, epochs are configured to be ten calendar days long. Calendar days conform to the Coordinated Universal Time (UTC) standard.

Unclaimed, but earned, rewards from past epochs remain claimable for Qoda DAO Members indefinitely, regardless of their $veQODA balance in future epochs.

Distribution Mechanism

All rewards are paid directly to Qoda DAO Members using a RewardDistributor smart contract. Once distributed, rewards will be made available for claiming by Members linearly over a series of epochs (“Distribution Period”) on a per-epoch basis. The source, schedule and reward amount per distribution can vary.

For example, if a $QODA 100 reward is distributed to Qoda DAO Members over a Distribution Period of 10 epochs, a total of $QODA 10 will be made available to claim by all members (based on their owned share of the total $veQODA supply) each epoch for a total of 10 epochs. If a member owns 10% of the total $veQODA supply at the end of the first epoch, they would be entitled to claim $QODA 1 in rewards after that epoch has passed.

All reward distributions will be done manually on an "ad hoc" basis.

Reward Sources

Qoda Ecosystem Partners

Partners will issue announcemens on their social media channels and website if they distribute rewards to Qoda DAO Members.

Planned Emissions

2.25% of the total $QODA token supply is allocated as initial rewards for Qoda DAO Members to incentivize long-term staking and ownership of $QODA tokens. These tokens will be linearly distributed approximately 90-180 days after TGE for a period of 2 years.

Token Tax

Qoda DAO Members will be distributed 50% of the net proceeds from the $QODA token buy/sell tax.