Financing
How and by whom was Spacemesh financed?
A total of $18.5M$ was raised in two rounds of financing. Core investors are Polychain, Paradigm, Metastable, Slow ventures, Electric Capital, 1KX, and others.
Builders
How are builders compensated?
Builders get 10% of the total coin supply via on-chain vesting vaults. Vesting starts one year from genesis for a period of five years.
Premining
Are coins pre-mined in Spacemesh?
Yes. 25% of the total finite coin supply of six million Spacemesh coin is pre-mined on genesis, and held in vesting smart contracts we call vaults for investors and builders. They are distributed over 4-6 years from genesis. Out of this 25%, 2/3 goes to investors and 1/3 to the builders. The rest 75% are distributed by the protocol over ten years from genesis solely to Smeshers starting on genesis time.