Tigris (TIG) token launch

3 min readMay 21, 2023

Since the launch of v1 in September 2022, Tigris has been governed through an NFT model. Seeing its limitations regarding liquidity, distribution and exposure, the DAO has decided to switch to a token model in order to promote faster and healthier growth for the protocol.
A portion of the token supply will be distributed among current Gov NFT holders, while the rest will be sold. The funds raised from the sale will be used to fund development and token liquidity.
100k USDT will be used to fund the LP and the rest will be added to the StableVault as liquidity for traders.

The Tigris token generation event is a completely fair launch, as the project has been fully community-funded since the beginning without any involvement from VC or private investors. This event represents the FIRST and ONLY chance for users to obtain token distribution.

The new token will be called Tigris (ticker: TIG) with the same logo as Tigris Trade.

TOKENOMICS

total supply: 2m
circulating supply at launch: 2m

Distribution:

787,800 tokens (39.3%) for current Gov NFT holders, including team and treasury NFTs (1300 TIG for 1 NFT).
700,000 token (35%) will be sold in a 400k public sale and a 300k whitelist sale. More details on sales are below.
218,300 tokens (10.915%) for the team.
193,900 tokens (9.695%) for the treasury.
100,000 tokens (5%) reserved for airdrops.

The fee distribution model will change and be simplified:

30% to tigUSD stakers.
70% to TIG stakers.

tigUSD locking will remain as it is.

TIG can be staked to receive trading fees are vote on Governance proposals.
In order to give more voting power to holders that share the long term vision about the protocol, TIG can be locked from 1 to 365 days to receive up to 2x voting power, calculated as:
amount + amount*duration/maxduration

SALES

700k tokens will be sold to new investors in two simultaneous sales on June 1st at 3 p.m. UTC.
The sale will happen on Tigris website on Arbitrum.

300k tokens will be sold to whitelisted buyers at a fixed price of 0.85 USDT.

400k tokens will be available to anyone in the public sale. The price will start at 0.90 USDT and will grow if more than 360k USDT is raised, up to 1.90 USDT and 760k USDT raised.
Final price will be raised amount/400k.

Both sales will last 24 hours.

Governance NFT holders are automatically whitelisted and can whitelist anyone they deem worthy by adding their address on the Whitelist page: https://sale.tigris.trade/.
Join the Discord server and ask around if you wish to be whitelisted.

Unsold tokens will be sent to the Treasury.

LAUNCH

Liquidity will be deployed by the treasury the next day on Uniswap v3 with 100k USDT and corresponding TIG tokens depending on the sale price, in full range, with 0.3% swap fees.

NFT SWAP

Governance NFT holders will be able to convert their NFTs into TIG tokens from June 7th directly from the Tigris website.
After converting, received tokens are linearly vested for 7 days.

AIRDROP

100k tokens are reserved for future airdrops that will be used to incentivize trading. The DAO will vote on the best way to use these tokens after the launch.

GOVERNANCE

After TGE, Team tokens will be linearly vested for 2 months.
After that, they will be staked and used to vote on Governance proposals.
Treasury tokens will be staked but won’t be used to vote on governance proposals.
For more details: https://docs.tigris.trade/protocol/tig-and-governance

Our links:
https://tigris.trade
https://twitter.com/TigrisTrades
https://discord.gg/9YqkK29Qx2