AITV Token

Token Details

• Name: AITV
• Symbol: AITV
• Decimals: 18
• Total Supply: 1,000,000,000 AITV

AITV Token is an ERC20 token with snapshot capabilities. The token is upgradable and owned by the DAO's address.

Ethereum (mainnet) deployment

• AITV Token contract address: 0x04E69Ff14A86E1ca9a155A8563E95887973EE175 (Proxy)
• AITV Token implementation address: 0x5bcdE98A19D7dCa9c401b83D5450176e3459b698
• Owner address: 0xeff5440746A7B362273ca7CDDB9CD5783C71737D (Gnosis Safe)

Test deployment

• Agentcoin TV Token contract address: 0xCa7d0393aD19C05cbAeC7c6f5505b7B3FDea35Bc (Proxy)
• Agentcoin TV Token implementation address: 0xfD70ef2AEdFF0112A5bC78502A8F57564626B292
• Owner and Holder address: 0xF6fB693BB196AE5f5dEB98D502c52B8C31025f5D (Gnosis Safe)

Getting started

Dependencies

• Node.js
• Yarn
• Foundry

To install Foundry follow the steps at https://book.getfoundry.sh/getting-started/installation

Deployment Process

Sepolia

Instructions

Open the terminal in the ./contracts directory. Create a .env file with the following the example at .env.example. To deploy on sepolia run the ./deploy/sepolia.sh script. The script can be used with either a forge account or a private key.

• To deploy with the forge account, before running the script, set the FORGE_ACCOUNT environment variable to the forge account address.
• To deploy with a private key, run the ./deploy/sepolia.sh script with the pk argument like so:

./deploy/sepolia.sh pk

The script will prompt you to enter the private key.

Allocations

• 10,000 AITV for 1 WRAP-IOU for all purchasers
• 10,000 AITV for 1 WRAP-IOU for all contributors who've voted in more than one proposal
• Remaining supply (1B total supply) minted to the aitv treasury address (mainnet: 0x8c3FA50473065f1D90f186cA8ba1Aa76Aee409Bb)
• All allocated AITV (except treasury allocation) will be put into vesting contracts. These vesting contracts should have a 12 month cliff and 24 month vesting thereafter. 1/3 available for withdrawal after 12 months.

Allocation scripts are in the ./allocations directory. To get started, open the ./allocations directory in the terminal and run the following commands:

yarn install

Testing

To generate test and run the allocation script, run the following command:

yarn test

Under the hood, the test script runs the following commands:

node generate-test-data.js
node generate-allocations.js test

Results will be saved in the ./allocations/test directory. There you can inspect and verify the data as well as the results.

Generating production allocations

To generate production allocations, run the following command:

yarn prod

This will generate the production allocations in the ./allocations/prod directory.

Airdrop and Vesting System

The AITV ecosystem includes a flexible vesting and airdrop system to manage token distributions. This system is designed to reward both short-term participants and long-term supporters who wish to engage in governance. It is primarily composed of two smart contracts: AITVAirdropVesting.sol and VotingEscrow.vy.

*Note: The AITVAirdropVesting contract described below is designed for specific airdrop campaigns with a 90-day vesting schedule.

AITVAirdropVesting.sol

This contract manages the vesting schedule for specific airdrop beneficiaries. The project owner registers a list of eligible addresses and their token allocations. Once registered, a beneficiary has a one-time choice between two methods for claiming their tokens.

Vesting Schedule

• Immediate Unlock: 5% of the total allocation is unlocked instantly upon registration.
• Linear Vesting: The remaining 95% vests linearly over 90 days.

User Actions (One-Time Choice)

A beneficiary can only execute one of the following functions. Once a choice is made, their airdrop is considered fully claimed.

1. Standard Claim: claimAndForfeitRemaining()

This is the standard option to claim vested tokens.

• Functionality: Calculates the total vested amount (initial 5% + linearly vested portion) and transfers it to the user.
• Forfeiture Clause: Any tokens that have not yet vested at the moment of the claim are permanently forfeited and sent to the treasury. To receive the full 100%, a user must wait for the full 90-day vesting period to complete before calling this function.
• Use Case: Ideal for users who want liquid tokens without a long-term commitment.

2. Stake for Full Allocation: claimAndDepositToLock()

This option allows a user to bypass the vesting schedule by staking their entire 100% allocation into the governance system.

• Prerequisites:
  1. The user must already have an active lock in the VotingEscrow contract.
  2. The existing lock's end date must be at least 90 days in the future.
  3. The user must have pre-approved the VotingEscrow contract to spend their AITV tokens. This requires a separate ERC20 approve transaction.
• Functionality: The contract validates the user's lock, transfers the full 100% allocation to them, and immediately calls the VotingEscrow contract to deposit those tokens into the user's existing lock, boosting their voting power.
• Use Case: Perfect for long-term supporters who want to maximize their governance influence immediately.

VotingEscrow.vy

This is a vote-escrow contract based on the widely-used Curve DAO model. To build the contract, run ./build-vyper.sh in the contracts directory. This will compile the Vyper contract and generate the necessary artifacts. Building the contract requires Vyper and Python 3.8 to be installed.

Core Function

Users lock their AITV tokens for a chosen duration to receive veAITV (vote-escrowed AITV). veAITV is non-transferable and represents a user's voting power in the DAO. The longer the lock, the more voting power is granted per AITV token.

Interaction with the Airdrop Contract

The VotingEscrow contract works with the AITVAirdropVesting contract to enable the "Stake for Full Allocation" feature. AITVAirdropVesting checks a user's lock status (locked) in VotingEscrow and then uses the deposit_for function to add the airdropped tokens to the user's stake.