Datagram Capsule

What is a Capsule?

A Capsule is an NFT that represents ownership rights to a specific allocation of locked $DGRAM tokens. Unlike traditional vesting schedules that are tied solely to a wallet or smart contract, the Capsule is designed for flexibility, allowing you to hold, transfer, or burn it to claim vested $DGRAM tokens.

How do Capsules work?

  • Issuance and Allocation: Each Capsule is linked to a specific token allocation and a 12-month vesting schedule. 10% of the allocated $DGRAM tokens unlock at mainnet launch and become immediately available for claim. The remaining 90% of $DGRAM tokens vest on a daily, linear basis over the subsequent 12 months. All nodes within a tier designated to receive a Capsule will be issued the corresponding Capsule for their respective tier and tranche.

  • Eligibility and Node Operation: To redeem and burn a Capsule, the wallet holding the Capsule must be operating a qualifying Full Core node license for a minimum of 100 hours. The claim option will only become available once this operational threshold is met. If the Capsule is transferred to a non-eligible wallet or the node becomes inactive, the requirement must still be fulfilled before redemption can occur.

  • Claiming: Holders may claim unlocked and vested $DGRAM tokens at any time. If a Capsule is redeemed (burned) before the completion of the 12-month vesting schedule, any unlocked and vested $DGRAM tokens up to the date of redemption will be claimable by the wallet holding the capsule. Any unvested $DGRAM tokens at the time of redemption are not claimable and are subject to redistribution and burn mechanisms described below.

  • Redistribution and Burn Mechanism: Upon early redemption, 50% of any unvested $DGRAM tokens are permanently removed from the allocation pool (burned) and the remaining 50% are proportionally redistributed to other active Capsules. This mechanism is intended to encourage longer-term participation and support ecosystem sustainability.

  • Transferability: Capsules may be transferred to third parties, subject to applicable terms and conditions. Any recipient of a transferred Capsule assumes full ownership of its value including both vested and unvested tokens as well as the remaining vesting schedule and all associated eligibility requirements.

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