Dear community,

Following the recent discussions in the community we would like to share more details about the tokens allocation, and specifically — provide the full breakdown of the circulation supply.

First, it is important to note that all the details below are fully compliant with our declarations regarding token allocations, as previously stated in our post dedicated to this subject, from March 4th, 2018 (see link to original post below).

Before diving into the specifics of the allocations, we would like to reiterate our philosophy with regards to the use of the tokens, and specifically — vis-à-vis our strategic plans to become the world standard for predictions on the blockchain using encrypted data:

Endor is a decentralized protocol, just like Ethereum is. It is designed to bring together data providers, prediction engine suppliers, and prediction consumers:

Just like TCP/IP is the protocol for the Internet of information — enabling peer to peer exchange of data-packets, and Blockchain is the protocol for the Internet of transactions — enabling the peer to peer exchange of assets, Endor is the protocol for the Internet of predictions — enabling anyone to improve it, by plugging in new prediction engines.

This is made possible due to the open source nature of our protocol which invites the community of research experts and entrepreneurs to continuously improve it (=new prediction engines that will be integrated to the protocol) and build new businesses on top of it (=catalysts).

Ultimately, our strategic goal is to create a sustainable, continuously expanding ecosystem, comprised of multi-faceted entities that provide increasingly growing value to each other.

In order to make this possible, our operational efforts and resources are devoted to actively encourage potential high-quality participants to join the ecosystem, at as early stages as possible. This will be done through financial support provided by the tokens reserved for this point. Quoting from our post on March 4th, 2018:

15% of the tokens will be used to incentivize researchers and scientists to create better algorithms that will be added to the Endor library. For this, we are now negotiating a strong long-term alliance with a leading academic institute, aiming for securing ongoing improvement in the quality of predictions, prediction types, and data types supported.

25% of the tokens will be used to incentivize entrepreneurs to build new applications that will benefit from our prediction engine, such as new blockchain enabled insurance models, predictive eHealth and personal medicine, optimized services for small business seeking to better use existing advertisement service, innovative marketing models on blockchain, and so on.

In accordance with this statement, we have allocated one third of the tokens reserved for each of these sections and are carefully distributing them for use by prominent researchers and entrepreneurs. These tokens enable these first participants to have access to the predictions generated by our alpha version of the product. These tokens are intended to suffice for the coming two years.

Following is the complete breakdown of the tokens in circulation, and the expected future evolution of it:

Token distribution breakdown TGE (Token Generation Event) — 2020

Token distribution breakdown 2020 — mid 2021

TGE (Token Generation Event) Pie chart breakdown

Here is a detailed explanation of each of these sections, with respect to the tokens available in circulation at TGE (items are listed by descending size of allocation):

Presale: approximately 198M tokens, that was sold as part of the private sale.

Presale Locked: approximately 96M tokens that was sold as part of the private sale, in exchange for fiat, with high discount. As promised, these tokens are vested over a period of 36 months, with a cliff of 18 months.

Allocation for catalysts: 122.5M tokens (which represent one third of 25% of the tokens). These tokens are, and will be, carefully allocated to projects and business demonstrating value that is based on the Endor protocol predictions. This allocation is intended to facilitate the adoption of the Endor protocol among potential small and medium businesses, by granting them “free predictions” for the first year of their usage. Intended to accelerate the creation of the business aspect of our Endor ecosystem, this is also in adherence with our details statement from March 4th, 2018.

Allocation for academic research: 73.5M tokens (which represent one third of 15% of the tokens). These tokens are, and will be, allocated for leading academic researchers and are aimed for enhancing the technological and product values available at the Endor ecosystem. This allocation is intended to facilitate the development of new prediction engines and the onboarding of new types of data-sources, by granting “free usage” of the Endor protocol. A first activity of this type will take place in this coming July at MIT, where a workshop on “Information Flow in Blockchain” will be held, organized by the Endor Research team. Several other activities headed by Endor Research will be announced at MIT in July, including collaborations with MIT, IBM, MasterCard, NEC, UBS, Intuit, and others. Intended to accelerate the adoption the Endor protocol at the academia, and by industry researchers, this is also in adherence with our details statement from March 4th, 2018.

Service Providers: approximately 44M tokens were allocated to service providers. This includes: Legal, CPA, Patent attorneys, Marketing and Exchange listing assistance. Note that vendors who agree to be paid in EDRs implies a strong vote of confidence in the token and its future evolution.

Team and Advisors: 41.8M tokens were allocated to team and advisors. Please note that this is in complete alignment with our commitment that all the advisors and team members will be subject to a vesting schedule of between 24 and 36 months.

Allocation for enterprise customers: Endor currently also serves large customers in the retails and finance space. We have recently expanded our sales and services team, aiming to soon onboard a large number of new enterprise customers. In the long term, such customers would be mounted on the Blockchain product, but in the interim period our intention is to provide such customers services using the existing enterprise product, while in parallel offering them continuously expanding variety of services that are Blockchain based. In order to encourage the usage of such services, we have allocated 37.4M tokens (representing 10M USD) that will be granted to new enterprise customers as deep discount for these new services, intended for the acceleration of their migration for the Endor protocol services.

Market-making tokens + exchanges listing fees: approximately 18M tokens were allocated for market-making services and exchange listing fees. This is intended to provide high-quality liquidity, which is a crucial element for the Endor protocol, intended to enable the creation of a diverse ecosystem, comprised of a large number of players, interacting through the protocol.

We believe that this allocation is the optimal course of action for the creation of a prediction ecosystem. We also believe in transparency and accountability, and therefore note that these allocations are perfectly aligned with our commitments from previous discussions on this subject.

Finally, we welcome any additional questions, and would be happy to answer them, in the coming AMA.

Best regards, and as always — thank you for your support and awesome help,

Dr. Yaniv Altshuler

CEO

Original post from March 4th, 2018 can be viewed at:

https://medium.com/@endorcoin/endor-token-distribution-2138760aae1c