There were 600 million CELO (previously called cGLD) at mainnet launch. The remaining 400 million CELO will come in the form of epoch rewards distributed to network validators and the Community Fund.
As for the first 600 million CELO, the initial distribution is as follows:
20% — 122.8 million CELO was initially set aside for pre-launch sales purchasers (two private rounds and a public auction), but only sold ~85 million CELO have been sold to date. The Celo Foundation may use the remaining CELO in this bucket for future sales.
32% — 193.7 million CELO went to protocol contributors, who include the team, advisors, founders, and other contributors.
15.7% — 95 million CELO was allocated to Community Grants, which consists of the Polychain Ecosystem Fund, in-market education and adoption grants, strategic development initiatives, and other community grants with allocation schedules ranging from 3 to 10 years.
12.2% — 73.6 million CELO went to cLabs and the Celo Foundation, which will use these assets for operational grants and expenses.
19.8% — 120 million CELO went to the “Initial Reserve,” which the Celo Reserve Foundation will use to help maintain the peg of cUSD.
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