BlockchainSpace $GUILD Reallocation: Optimized Distribution for Growth and Sustainability

BlockchainSpace
3 min readFeb 12, 2024

Dear BlockchainSpace Community,

We are sharing some important updates regarding our $GUILD allocation structure, which aligns with our recently issued YEY-$GUILD tokenomics and whitepaper.

In our journey towards growth and adaptability, we’ve made thoughtful changes to our allocation of the total supply of 1,000,000,000 $GUILD tokens, ensuring they support the evolving needs and future direction of our initiatives.

Key Highlights

$GUILD Reallocation Completed

First and foremost, we are pleased to announce the successful completion of our $GUILD reallocation. This crucial step ensures that our token distribution aligns with our strategic vision for BlockchainSpace.

Introduction of ‘Staking’ Category

We’ve introduced a “Staking” category and removed the “Ecosystem” category to emphasize our commitment to community engagement. Ecosystem funds were distributed to the Treasury and to fund ‘Staking’. This change is designed to reward our community’s loyalty and participation through staking incentives.

Updated $GUILD Token Distribution

Our recent adjustments in token distribution, detailed in the latest whitepaper, are carefully designed to support our project’s growth and ensure sustainability.

The following adjustments have been made to our token distribution:

  • Public Sale: On December 8, 2021, we originally distributed 7.5% of the token supply for our Public Sale. However, only 2.77% were sold. The Public Sale tokens were fully vested on December 8, 2021.
  • Private Sale: In Q4 of 2021, we distributed 15% of the token supply to Private Sale investors, including Animoca Brands, Spartan Group, Infinity Ventures Crypto (IVC), Crypto.com Capital, Coingecko, and Morningstar Ventures, amongst many others. Private Sale tokens have been fully vested as of 8 December 2023.
  • Team & Advisors: No change to distribution
  • Community: No change to distribution
  • Ecosystem: The Ecosystem category has been phased out, with its allocation redistributed to enhance our Treasury and introduce a new Staking category.
  • Staking: A fresh allocation of 4.73% has been dedicated to Staking, incentivizing active community participation.
  • Treasury: The Treasury’s allocation has been optimized to 27.5%, ensuring we have the resources for market making, strategic partnerships, retroactive rewards, and operational needs.

These reallocations are rooted in our commitment to adaptability and the long-term success of BlockchainSpace. Working with the existing total supply of 1 billion $GUILD tokens, we optimized its distribution to align with BlockchainSpace’s evolving strategic goals and the dynamic needs of our community.

We pledge to maintain absolute transparency with our community, ensuring you are informed and engaged every step of the way. Expect updates in our Gitbook and Coingecko listings to mirror these recent changes, particularly highlighting the removal of the ‘Ecosystem’ bucket and introducing the ‘Staking’ category.

We are excited about the possibilities these changes open up for BlockchainSpace and our dedicated community. These adjustments to our $GUILD allocation are a positive step forward for the BlockchainSpace Group. They align with our updated objectives and reinforce our dedication to the project’s long-term success.

We thank you for your unwavering support and look forward to continuing this journey together.

Disclaimer: It’s important to understand that the value of $GUILD or Shinys can significantly fluctuate. You should transact or engage in these assets only if you are familiar with them and thoroughly understand how they are created, transferred, or held. Please be aware of the risk involved, acknowledging the possibility of financial loss due to value changes.

About BlockchainSpace

BlockchainSpace, a Singapore-based Web3 company backed by leading investors, fuses technology and culture to empower diverse communities across Southeast Asia — from gaming and the creator economy to sports, music, and everything in between.

Offering specialized solutions like YEY, Metasports, Creator Circle, and the Guilds Hall, BlockchainSpace delivers tailor-fit tech solutions that redefine digital engagement and community growth.

$GUILD is the utility token that underpins BlockchainSpace's entire ecosystem. Beyond building platforms, BlockchainSpace is shaping the future of community-driven digital landscapes.

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BlockchainSpace

BlockchainSpace enables PlayToEarn Guilds to scale in the Metaverse