Token design & economics
Current design
$STEER is designed as the control-plane asset for participant rights, economic accountability, runtime usage, and governance across Steer’s shared infrastructure. Enterprise customers can continue to contract and pay in stablecoins; token requirements apply to defined platform roles and activity.
This is the current economic design carried forward from Steer’s prior token materials. Final launch timing, legal treatment, program mechanics, and definitive vesting ledger remain subject to approved launch documents.
The current financing is structured as a SAFE with an accompanying token warrant. The warrant and its investor rights are controlled financing materials; they should not be inferred from the supply-design tables on this page.
Supply and allocation
| Allocation | Share | Intended role |
|---|---|---|
| Community | 62% | Public distribution, ecosystem programs, incentives, treasury, and liquidity |
| Team | 20% | Current and future contributors, subject to vesting |
| Investors | 17% | Pre-seed and seed / strategic participants, subject to vesting |
| Advisors | 1% | Specialist support, subject to vesting |
| Total | 100% | 1,000,000,000 $STEER |
The 62% community allocation is currently designed as follows:
| Community program | Share of total supply | Intended use |
|---|---|---|
| Public pool auction | 6.2% | Public distribution and launch price discovery |
| Ecosystem | 22.8% | Grants, ecosystem programs, and operator incentives |
| Incentives / points | 5.0% | Product- and partner-aligned incentives |
| Treasury | 16.0% | Audits, contingencies, and strategic initiatives |
| Liquidity | 12.0% | Exchange liquidity and market-depth programs |
The modeled contributor and investor structure uses a 12-month cliff followed by 36 months of vesting. The modeled initial float is 14.4% excluding dedicated liquidity, or 16.8% including it. Exact dates and daily emission amounts should be read from the final token-generation and vesting documents, not inferred from this summary.
Demand: rights, bonds, and credits
$STEER demand = locked rights + locked bonds + consumed credits.
| Primitive | What it does | Activity driver |
|---|---|---|
| Rights | Stake to qualify for roles, registries, or reserved capacity | Governed assets, operator count, and capacity utilization |
| Bonds | Back templates, mandates, listings, or service commitments | Product launches, service levels, and product lifetime |
| Credits | Meter policy evaluation and offchain execution | Transaction frequency, policy intensity, and compute load |
Token requirements are intended to attach to role qualification, capacity reservation, service accountability, and measured infrastructure use rather than to customer billing.
| Subsystem | Token touchpoint | Activity driver |
|---|---|---|
| Issuance Studio | Listing or activation bonds and capacity rights for product templates and mandates | Template throughput, product launches, and capacity-limited sleeves |
| Structured product controls | Risk-budget stake, exception bonds, and approved registry maintenance | Risk-program complexity, exception cadence, and curator or operator participation |
| Matador runtime | Governed-notional stake and credits for policy evaluation | Managed assets, transaction frequency, and policy intensity |
| Offchain compute | Operator or delegator stake, service-level bonds, and routing credits | Execution load, uptime targets, automation depth, and operator capacity |
The intended loop is that adoption increases locked rights, locked bonds, and consumed credits; those mechanics support operator capacity, reliability budgets, and ecosystem programs; stronger reliability can then support additional product adoption.
This structure ties token demand to observable platform activity. Stake thresholds, bond sizes, penalty conditions, credit pricing, and burn or routing treatment are launch parameters—not promises embedded in this page.
Governance boundary
Governance is intended to control shared platform rules:
- registries, admission standards, and disclosure requirements;
- risk bands, concentration limits, and exception pathways;
- stake thresholds, credit pricing, capacity, and service tiers;
- evidence standards for penalties and emergency controls; and
- treasury-directed routing where activated by final launch policy.
$STEER does not represent company equity or a claim on product profit and loss, mandate cash flows, protocol revenue, or Steer’s operating cash flows.
This page describes mechanism design, not a legal characterization or offer. Product-by-product and jurisdictional legal analysis is available through Corporate & legal diligence.