AllianceBlock: Vesting Contracts, Schedules, and CertiK Audit Results
Over the past few months we have put a great deal of effort into the development of the ALBT smart contract. As one of the cornerstones to the AllianceBlock ecosystem, we understand the importance of the ALBT token, and have worked to ensure that the ALBT smart contract is ready to facilitate the growth and future development of our ecosystem, while making ALBT available on secondary markets.
We also listened to our community, and took note that our users wanted clarity on the ALBT vesting schedule to enhance understanding of how ALBT supply will change over time.
With this in mind, we’ve written a brief guide to help more clearly demonstrate the technical features and vision for the AllianceBlock (ALBT) token, which will serve as a reference to our current and future community members.
For a more comprehensive look at our token economics, feel free to check out our tokenomics paper.
Smart Contract Audit by CertiK
Prior to the TGE, we worked closely with CertiK (one of the world’s leading blockchain security companies) to ensure ALBT tokens are distributed securely. CertiK has added significant value throughout this process and we thank them for their deep technical insights and support.
“Smart contract security is of vital importance to our blockchain ecosystem. When you buy a token, you want to be safe in the knowledge that its smart contracts are secure in every way”. said Matthijs de Vries, Founder & CTO AllianceBlock. “CertiK, a leading blockchain security company, has an outstanding reputation and together with their great attention to detail and deep knowledge we made sure to achieve exactly that.”
You can read the full Audit Report of our smart contract here.
“AllianceBlock’s codebase displays a high degree of technical expertise and engineering discipline. A series of assessments focused on identifying code patterns commonly associated with smart contract vulnerabilities were carried out during the audit, and we are happy to conclude that AllianceBlock’s smart contract abides to high security standards. We look forward to collaborating with the team in the near future,” said Yvan Nasr, Head of Professional Services, Certik.io.
To help provide further clarity on exactly what a smart contract audit entails, and how our ALBT smart contract was tested, CertiK have published a more in-depth overview about our collaboration on their blog.
Vesting
AllianceBlock nodes, team, partners, advisors, and the fund, all have a vested reward schedule. Contributors to the AllianceBlock ecosystem will have the distribution of their ALBT rewards delayed and staggered over several months or years.
Because a picture says a thousand words, we have created a graph that provides a clear visualization of all vesting schedules, helping you better understand how the circulating ALBT supply will change over time.
Differences between sections represent the percentage involvement of each distribution in the ecosystem. As we can see, Ecosystem Treasury and Liquidity Mining represent the biggest chunk of the supply.
The smallest chunk is the initial liquidity, the section in the middle. All, 1,000,000,000 tokens will be unlocked after 36 months as we can see on the chart.
The team tokens are the last to be unlocked. The distribution starts after 24 months. As we can also see, the biggest unlock will happen after 12 months, where the AllianceBlock Fund, Partners and Nodes are unlocked. Seed round, Private round and Advisors are steadily distributed over the first 24 months.
Additionally, we have published a spreadsheet highlighting the cumulative vested tokens per month, per vesting contract, including a direct link to Etherscan for each contract to provide full transparency and visibility. The logic for these vesting schedules is written into individual smart contracts for each group, ensuring it cannot be manually changed at a later date.
For more information please feel free to reach out through the AllianceBlock Telegram or Discord communities.
About CertiK
CertiK is a technology-led blockchain security company founded by Computer Science professors from Yale University and Columbia University built to prove the security and correctness of smart contracts and blockchain protocols.
CertiK’s mission of every audit is to apply different approaches and detection methods, ranging from manual, static, and dynamic analysis to ensure that the project is checked against known attacks and potential vulnerabilities. CertiK leverages a team of seasoned engineers and security auditors to apply testing methodologies and verifications on the project, in turn creating a more secure and robust software system.
CertiK has serviced more than 100 clients with high quality auditing and consulting services, ranging from stablecoins such as Binance’s BGBP and Paxos Gold to decentralized oracles such as Band Protocol and Tellor.
Twitter: https://twitter.com/certik_io
Telegram: https://t.me/certikorg
LinkedIn: https://www.linkedin.com/company/certik
AllianceBlock is building the first globally compliant decentralized capital market. Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
Visit our Website: www.allianceblock.io
Join our Telegram: https://t.me/allianceblock
Join our Discord: https://discord.gg/hF7AGgt
CoinGecko: https://www.coingecko.com/coins/allianceblock
Documentation:
Download our White Paper
Download our Green Paper
Download our Token Economics Paper
