# Tokenomics

## CLORE — ERC-20 on Ethereum

CLORE is the native token of the Clore.ai GPU marketplace. It powers payments, rewards, and fee tiers across the platform.

* **Network:** Ethereum (ERC-20)
* **Total supply:** 1,000,000,000 CLORE (hard-capped, cannot increase)
* **Contract:** [0xe60201989b8628f43dc0605f585a72bcf1f1e977](https://etherscan.io/token/0xe60201989b8628f43dc0605f585a72bcf1f1e977)

{% embed url="<https://etherscan.io/token/0xe60201989b8628f43dc0605f585a72bcf1f1e977>" %}

***

### Token utility

CLORE is the core payment and incentive asset in the Clore ecosystem:

* **Payments on the GPU marketplace** — CLORE is used as the payment token for renting GPUs and related services on clore.ai.
* **Payments for Clore VPN** (where available) — CLORE is used as the payment token for accessing Clore VPN.
* **PoH & marketplace rewards / fee tiers** — CLORE is used in our Proof-of-Holding and marketplace reward system (fee reductions and rewards for active participants).

<figure><img src="https://2864042869-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbyNlC5NV8aIpXnc76G7w%2Fuploads%2FeJkHbBE2r5qimfoxRuYc%2FCLORE%20%20Token%20Utility.png?alt=media&#x26;token=58815a60-cdec-4835-8a28-3545dadd6e56" alt=""><figcaption></figcaption></figure>

***

### Supply distribution

<figure><img src="https://2864042869-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbyNlC5NV8aIpXnc76G7w%2Fuploads%2FcB8HKD85vsKoSFlEsDIg%2FCLORE%20Initial%20Burn%20Model%201.png?alt=media&#x26;token=e0f4bd26-0c7d-4b10-998a-a90455b5dd1a" alt=""><figcaption></figcaption></figure>

| Allocation                           | Amount      | Notes                                                                            |
| ------------------------------------ | ----------- | -------------------------------------------------------------------------------- |
| L1 holder claim pool (Main multisig) | 630,000,000 | Reserved for 1:1 conversion of legacy PoW holders. Claim window closed Feb 2026. |
| Marketplace Rewards Vesting          | 143,000,000 | Rewards pool for PoH + marketplace incentives.                                   |
| Marketing Vesting                    | 87,000,000  | 2-year vesting.                                                                  |
| Team Vesting                         | 40,000,000  | 5-year vesting, 6-month cliff.                                                   |
| Treasury Safe                        | 25,000,000  |                                                                                  |
| POL (Protocol-Owned Liquidity)       | 25,000,000  |                                                                                  |
| Ecosystem Wallet                     | 25,000,000  |                                                                                  |
| Growth Wallet                        | 25,000,000  |                                                                                  |

#### <mark style="color:red;">**Fully diluted supply is hard-capped at 1.0B CLORE and cannot increase.**</mark>

<figure><img src="https://2864042869-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbyNlC5NV8aIpXnc76G7w%2Fuploads%2Fu5WyTuVpEbPWbdaZj3rw%2FCLORE%20Mamimum%20Supply.png?alt=media&#x26;token=153dfbed-03ea-45b9-a8c4-40e5d784eb55" alt=""><figcaption></figcaption></figure>

***

### Marketplace rewards (PoH + marketplace)

Rewards for PoH and marketplace activity are funded from a dedicated rewards pool.

* Initial daily emission: 164,000 CLORE/day\
  (82,000 PoH + 82,000 marketplace)
* Decay schedule: -30% per year implemented via a monthly factor\
  r = 0.7^(1/12)

***

### Key benefits of ERC-20 CLORE

* **Broad wallet support:** MetaMask, Trust Wallet, Ledger, Trezor, and any standard ERC-20 wallet.
* **DEX liquidity:** Uniswap and other DEXs available.
* **Team allocation reduced:** 10% → 4%, with a **5-year vesting** schedule.
* **Faster integrations + new listings:** exchanges and custodians support ERC-20 flows, enabling quicker rollouts and more exchange listings.
* **Fast deposits:** deposit confirmations on the Clore marketplace and exchanges take **under 3 minutes**.
* **No miners:** miner sell pressure removed, cleaner long-term supply dynamic.
* **Reduced supply:** supply hard-capped at 1B with burn mechanics applied at migration.
* **Better ecosystem tooling:** explorers, analytics, custody solutions, treasury operations, and DeFi infrastructure.
* **Bigger reach + stronger tech foundation:** easier onboarding for a wider audience and more flexibility for future product + DeFi integrations.
* **Cross-chain expansion (planned):** bridges to BSC / Polygon / Solana and other networks (use official bridges only).
* **More openness & decentralization:** ERC-20 standards make CLORE easier to integrate, verify, and use across the broader crypto ecosystem.

***

### Vesting contracts (Ethereum mainnet)

* Team Vesting (5 years, 6-month cliff):\
  0xAA2d16f6134B7f0D861785B2785C90f6E9914f24
* Marketing (2 years vesting):\
  0xd903325a3f9def246629ab1c92ba42fa7c90d14f
* Marketplace Rewards (2 years vesting):\
  0xc4c910324a2e95a975d22394c0277b290c68cbb0

### Multisigs and wallets (Ethereum mainnet)

* Main multisig (L1 holder claim pool):\
  0x7E12737906b92944227f5867B6141290Ea9C775a
* Treasury Safe:\
  0x80eB6B2d648dF461F828af6d66Acee0dCDfcf9E6
* Liquidity / POL multisig:\
  0x5151eb844f9f79611be28dda4220debe44617314
* Ecosystem multisig:\
  0xFe79D578C02A98bd8AE272d6826eEA2092049538
* Growth multisig:\
  0xafdD92B6130c4B13366EFc878fA6B7E4E1D415C5
* Team wallet:\
  0x6195C21Effa5f0a3C7f542616858c2C01C34077b
* Marketing wallet:\
  0xb2362cf645a494145881855a21b82b5b3f27a7dc
* Marketplace wallet / rewards operator:\
  0x7A235C00841639868322eE478b605dD70BD37b97

***

## Legacy: PoW to ERC-20 Migration

{% hint style="info" %}
**Migration complete.** CLORE successfully migrated from the legacy PoW chain to Ethereum (ERC-20) in December 2025. The claim window closed in February 2026. All marketplace operations now run on ERC-20 CLORE.
{% endhint %}

### About the migration

CLORE was migrated from the legacy PoW chain to a new CLORE token on Ethereum mainnet (ERC-20). The migration was 1:1: every CLORE held on the PoW network at the time of the snapshot was eligible to be redeemed for exactly 1 CLORE (ERC-20).

### Why we stopped PoS and chose an ERC-20 migration

The biggest structural issue with PoW for CLORE is constant sell pressure from miners. Mining rewards are regularly sold to cover electricity and operating costs, which creates a built-in, ongoing headwind that is difficult to outgrow.

We spent over 1.5 years working toward PoS. We tested, iterated, and invested significant effort because we believed PoS could be the "next stage" of the Clore chain. This decision was not easy — we truly tried. But as the work progressed, it became clear that finishing PoS properly would require **at least another full year of focused, full-team development**, which would significantly distract us from other critical work across the project.

And even if we committed that time, PoS would still not solve our core objective. **PoS does not remove sell pressure — it shifts it.** Our main motivation for leaving PoW is reducing structural sell pressure. With PoS, sell pressure still exists: it comes from **stakers harvesting yield** rather than miners selling emissions.

After deep internal evaluation, we decided to pause the PoS transition and proceed with an ERC-20 migration for these reasons:

* Maintaining a custom wallet stack adds significant complexity.
* Exchange integrations are slower and more difficult.
* Infrastructure overhead is higher.
* Composability with the broader crypto ecosystem is lower.

The ERC-20 path gives us a cleaner foundation to build a healthier long-term model around real product usage.

### Migration timeline (completed)

| Event                               | Date (UTC)             | Status   |
| ----------------------------------- | ---------------------- | -------- |
| Migration announced                 | 16 Dec 2025            | ✅ Done   |
| Legacy deposits/withdrawals closed  | 20 Dec 2025            | ✅ Done   |
| Snapshot taken                      | 21 Dec 2025, 00:00 UTC | ✅ Done   |
| ERC-20 deposits/withdrawals resumed | 22 Dec 2025            | ✅ Done   |
| Claim window opened                 | 21 Dec 2025            | ✅ Done   |
| Claim window closed                 | Feb 2026               | ✅ Closed |

**Current state:**

* The PoW chain is permanently unsupported — no deposits, withdrawals, or operational support.
* All exchanges and clore.ai operate exclusively on the ERC-20 network.
* The claim portal is closed. Unclaimed legacy CLORE is permanently unrecoverable.