API3 (API3)
Unlock Schedule
API3 (API3) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the API3 (API3) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence API3 price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Governance, staking, and adaptive rewards
API3 is a governance and utility token used to steer the DAO and align incentives. Holders can stake in the DAO pool to gain voting power and receive weekly minted rewards. Rewards unlock on a one‑year rolling schedule, designed to encourage long‑term participation and reduce short‑term governance swings. The reward rate adapts: if staked tokens are below a target percentage, APR steps up; if above, it steps down—bounded by DAO‑set limits. (dao-docs.api3.org)
Service coverage backed by the staking pool
Staked tokens also serve as collateral for on‑chain “service coverage.” If a covered dAPI malfunction were confirmed via dispute resolution, payouts would come from the staking pool, creating a direct tie between governance quality and financial responsibility. This mechanism is intended to align the DAO’s incentives with data reliability. (old-docs.api3.org)
Distribution and early sales
At launch, API3 used an initial total supply of 100 million tokens. The seed round allocated 10% with a two‑year vest; the public allocation was raised to 20% through its token distribution event. The team and partner unlock schedules were later extended to three years (six‑month cliff) to signal long‑term commitment. Ongoing staking rewards mint new tokens over time, with burn mechanisms designed to offset emissions from protocol revenue. (medium.com)
What the token does
- Governance: propose and vote in the API3 DAO.
- Staking: secure governance rights and earn adaptive, weekly rewards (unlocking after one year).
- Collateral: back service coverage for dAPI users.
- Payments: used within the ecosystem alongside other accepted assets for feed plans and services, depending on integration. (dao-docs.api3.org)
Assumptions
- Total supply is uncapped/inflationary and governed by the API3 DAO.
Rewards are minted weekly with adjustable APR; no fixed terminal cap is specified in the protocol docs.
- Pre-seed amount modeled as 5,000,000 API3 with 2-year linear vest from TGE.
Official token distribution post lists a ‘Prior Investors’ category with 2-year linear release; widely cited breakdown indicates 5% of initial 100M supply.
- DAO Treasury (Ecosystem Fund) is governance-controlled and has no predetermined vesting.
Docs specify treasury distributions are decided by DAO; we model remaining tokens as locked indefinitely (placeholder far-future cliff) to avoid double counting until proposals allocate them.
- Staking rewards minted-to-date aggregated as linear unlock from 2022-07-15 to 2027-01-29.
Rewards are minted weekly and unlock exactly one year after mint; DAO Tracker reports 59,699,781 API3 minted as of 2026-01-29. We aggregate into one linear schedule at monthly granularity.
- Percent_total values are computed against an effective total supply of 159,699,781 (100,000,000 genesis + 59,699,781 minted rewards as of 2026-01-29).
DAO Tracker provides an authoritative minted total; using this denominator yields a consistent breakdown across allocations.
- Genesis date set to November 30, 2020.
Start of the public token distribution (TGE window); vesting schedules reference TGE for cliffs and linear starts.
- Staking target parameter evolved over time (initial 50% per July 2021 launch post; later docs show 40%).
Target is governable; does not change the 1-year lock rule but affects emission rate dynamically.
- 1. https://medium.com/api3/api3-public-token-distribution-event-1acb3b6d940
- 2. https://medium.com/api3/the-api3-public-token-distribution-event-has-ended-644e984f50fc
- 3. https://medium.com/api3/how-to-take-part-in-the-api3-mesa-distribution-e41321a9846e
- 4. https://medium.com/api3/api3-closes-seed-round-with-six-major-funds-67677b82ed8b
- 5. https://dao-docs.api3.org/technical/distribution.html
- 6. https://medium.com/api3/api3-authoritative-dao-staking-live-on-mainnet-4732d1e538cb
- 7. https://tracker.api3.org/rewards
- 8. https://medium.com/api3/api3-concludes-strategic-treasury-diversification-round-lead-by-dwf-labs-47b033482ac9
- 9. https://old-docs.api3.org/dao-members/introduction/dao-pool.html
- 10. https://www.businesswire.com/news/home/20210708005353/en/API3-Launches-Authoritative-DAO-and-Staking
Allocations
Description
#484
API3 aims to connect traditional APIs to smart contracts without the need for intermediaries. Using its Airnode technology, API3 enables decentralized applications to access off-chain data directly from data providers, ensuring higher data transparency and reducing the reliance on third-party oracles.
| Sector: | Oracles |
| Blockchain: | Ethereum |