Notional Finance (NOTE)
Unlock Schedule
Notional Finance (NOTE) Token Unlock & Vesting Schedule
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
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.
Assumptions
Notional created a fixed 100 million NOTE, allocated chiefly to liquidity incentives, the team, investors, and community programs. The retrospective airdrop was available at launch, while team and investor tokens were subject largely to three-year vesting and incentive rates changed under governance. The chart can date the initial creation, airdrop opening and a modeled first week of Balancer rewards, but it cannot reliably plot the remaining rewards, grants or vesting amounts month by month. The contract still reports 100 million tokens; transfers described as burns do not reduce that on-chain total.
- Notional liquidity incentives: Releases depend on future governance or treasury decisions.
- Development grants and community building: Releases depend on future governance or treasury decisions.
- Notional Blitz #7 announced prizes: Releases depend on recipients claiming tokens or on grants being awarded.
- Team and future team members: The sources give the amount but no release dates.
- Early investors: The sources give the amount but no release dates.
- NOTE/WETH Balancer pool incentives: Emission continues with no published future rate or end date.
- Code Arena V2 audit bounty: The sources give the amount but no release dates.
- 1. https://raw.githubusercontent.com/notional-finance/contracts-v2/master/contracts/external/governance/NoteERC20.sol
- 2. https://etherscan.io/tokencheck-tool?t=0xcfeaead4947f0705a14ec42ac3d44129e1ef3ed5
- 3. https://blog.notional.finance/introducing-the-note/
- 4. https://blog.notional.finance/notional-v2-is-live/
- 5. https://blog.notional.finance/noteliquidityinitiative/
- 6. https://blog.notional.finance/announcing-code-arena-audit-contest/
- 7. https://blog.notional.finance/notional-monthly-update-september-2021/
- 8. https://blog.notional.finance/notional-fixed-rate-update-november-2022/
- 9. https://blog.notional.finance/2024-a-year-of-progress-for-notional/
- 10. https://forum.notional.finance/t/nip-80-reduce-note-emissions-and-increase-note-buybacks/189
- 11. https://forum.notional.finance/t/nip-90-cut-note-emissions/202
- 12. https://forum.notional.finance/t/nip-102-cut-note-emissions/214
- 13. https://forum.notional.finance/t/nip-110-cut-note-emissions/224
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 38,015,656.177 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.