EQ enables the community governance of Equilibrium. It can be used for transaction fees, product fees, and platform liquidity on Equilibrium

eq token

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Key features

Governance token
EQ holders have a say in system changes and EQ-weighted votings
Platform currency
Users pay transaction fees for operations on Equilibrium’s Substrate and product fees in EQ
Bailout liquidity
Liquidity providers can earn yield by locking EQ in Equilibrium’s liquidity pools
Staking opportunities
EQ holders receive rewards on their tokens staked to Equilibrium’s governance

12 BN Initial supply

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Equilibrium distribution mechanics

September 2020
NUT token swap
1 NUT for up to 100 EQ tokens during transition
March 2021
Private investment round
5% of the total supply were distributed to institutional investors
April 2021
Phase 1
DOT/EQ token swap at the ratio of 1 EQ = 0.07 DOT
H1 2022
Crowdloan
Bid DOT for Equilibrium’s parachain to get rewards in EQ

Token allocations

We expect over 75% of EQ tokens to be distributed to the public by the end of the first parachain lease on Polkadot

* Tokens vest monthly starting from TGE. Annual EQ inflation rate is 2.5% from initial volume to ensure adequate liquidity in the market

** 10% allocated on TGE, 90% vested monthly (linear)