[{"data":1,"prerenderedAt":523},["ShallowReactive",2],{"navigation_docs":3,"-diligence-token-economics":108,"-diligence-token-economics-surround":520},[4,9,48,52,57,62,67,72],{"title":5,"path":6,"stem":7,"icon":8},"Company overview","/why-now","1.why-now","i-lucide-building-2",{"title":10,"path":11,"stem":12,"children":13},"Product","/product","2.product",[14,18,23,28,33,38,43],{"title":15,"path":11,"stem":16,"icon":17},"Product & technology","2.product/index","i-lucide-workflow",{"title":19,"path":20,"stem":21,"icon":22},"Issuance Studio","/product/issuance-studio","2.product/1.issuance-studio","i-lucide-layers-3",{"title":24,"path":25,"stem":26,"icon":27},"Steer ALM","/product/alm","2.product/2.alm","i-lucide-chart-no-axes-combined",{"title":29,"path":30,"stem":31,"icon":32},"Steer Network","/product/network","2.product/3.network","i-lucide-network",{"title":34,"path":35,"stem":36,"icon":37},"Steer IDE","/product/ide","2.product/4.ide","i-lucide-code-xml",{"title":39,"path":40,"stem":41,"icon":42},"Steer Prime","/product/prime","2.product/5.prime","i-lucide-briefcase-business",{"title":44,"path":45,"stem":46,"icon":47},"Matador transaction policy","/product/matador","2.product/6.matador","i-lucide-shield-check",{"title":49,"path":50,"stem":51,"icon":27},"Traction","/proof","4.proof",{"title":53,"path":54,"stem":55,"icon":56},"Financials","/financials","5.financials","i-lucide-chart-column-increasing",{"title":58,"path":59,"stem":60,"icon":61},"Commercial engine","/business","6.business","i-lucide-badge-dollar-sign",{"title":63,"path":64,"stem":65,"icon":66},"Team","/team","7.team","i-lucide-users",{"title":68,"path":69,"stem":70,"icon":71},"Financing","/raise","8.raise","i-lucide-milestone",{"title":73,"path":74,"stem":75,"children":76},"Diligence","/diligence","9.diligence",[77,81,85,90,94,99,103],{"title":78,"path":74,"stem":79,"icon":80},"Documents","9.diligence/index","i-lucide-folder-open",{"title":82,"path":83,"stem":84,"icon":17},"Product & technical","/diligence/product-technical","9.diligence/1.product-technical",{"title":86,"path":87,"stem":88,"icon":89},"Commercial & financial","/diligence/commercial-financial","9.diligence/2.commercial-financial","i-lucide-receipt-text",{"title":91,"path":92,"stem":93,"icon":47},"Security & operations","/diligence/security-operations","9.diligence/3.security-operations",{"title":95,"path":96,"stem":97,"icon":98},"Corporate & legal","/diligence/corporate-legal","9.diligence/4.corporate-legal","i-lucide-landmark",{"title":100,"path":101,"stem":102,"icon":27},"Forecast & runway","/diligence/forecast-and-runway","9.diligence/5.forecast-and-runway",{"title":104,"path":105,"stem":106,"icon":107},"Token economics","/diligence/token-economics","9.diligence/6.token-economics","i-lucide-coins",{"id":109,"title":110,"body":111,"description":506,"extension":507,"links":508,"meta":509,"navigation":517,"path":105,"seo":518,"stem":106,"__hash__":519},"docs/9.diligence/6.token-economics.md","Token design & economics",{"type":112,"value":113,"toc":498},"minimark",[114,119,123,148,151,154,158,242,245,317,320,324,329,385,388,447,450,453,457,460,479,485,493],[115,116,118],"h2",{"id":117},"current-design","Current design",[120,121,122],"p",{},"$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.",[124,125,127,133,138,143],"content-card-grid",{"columns":126},"4",[128,129],"content-stat-card",{"hint":130,"label":131,"value":132},"Fixed design cap","Maximum supply","1.0B",[128,134],{"hint":135,"label":136,"value":137},"Distribution, ecosystem, incentives, treasury, and liquidity","Community allocation","62%",[128,139],{"hint":140,"label":141,"value":142},"Excludes dedicated liquidity allocation","Modeled launch float","14.4%",[128,144],{"hint":145,"label":146,"value":147},"Rights, bonds, and credits","Demand model","3 primitives",[120,149,150],{},"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.",[120,152,153],{},"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.",[115,155,157],{"id":156},"supply-and-allocation","Supply and allocation",[159,160,161,178],"table",{},[162,163,164],"thead",{},[165,166,167,171,175],"tr",{},[168,169,170],"th",{},"Allocation",[168,172,174],{"align":173},"right","Share",[168,176,177],{},"Intended role",[179,180,181,192,202,213,224],"tbody",{},[165,182,183,187,189],{},[184,185,186],"td",{},"Community",[184,188,137],{"align":173},[184,190,191],{},"Public distribution, ecosystem programs, incentives, treasury, and liquidity",[165,193,194,196,199],{},[184,195,63],{},[184,197,198],{"align":173},"20%",[184,200,201],{},"Current and future contributors, subject to vesting",[165,203,204,207,210],{},[184,205,206],{},"Investors",[184,208,209],{"align":173},"17%",[184,211,212],{},"Pre-seed and seed / strategic participants, subject to vesting",[165,214,215,218,221],{},[184,216,217],{},"Advisors",[184,219,220],{"align":173},"1%",[184,222,223],{},"Specialist support, subject to vesting",[165,225,226,232,237],{},[184,227,228],{},[229,230,231],"strong",{},"Total",[184,233,234],{"align":173},[229,235,236],{},"100%",[184,238,239],{},[229,240,241],{},"1,000,000,000 $STEER",[120,243,244],{},"The 62% community allocation is currently designed as follows:",[159,246,247,260],{},[162,248,249],{},[165,250,251,254,257],{},[168,252,253],{},"Community program",[168,255,256],{"align":173},"Share of total supply",[168,258,259],{},"Intended use",[179,261,262,273,284,295,306],{},[165,263,264,267,270],{},[184,265,266],{},"Public pool auction",[184,268,269],{"align":173},"6.2%",[184,271,272],{},"Public distribution and launch price discovery",[165,274,275,278,281],{},[184,276,277],{},"Ecosystem",[184,279,280],{"align":173},"22.8%",[184,282,283],{},"Grants, ecosystem programs, and operator incentives",[165,285,286,289,292],{},[184,287,288],{},"Incentives / points",[184,290,291],{"align":173},"5.0%",[184,293,294],{},"Product- and partner-aligned incentives",[165,296,297,300,303],{},[184,298,299],{},"Treasury",[184,301,302],{"align":173},"16.0%",[184,304,305],{},"Audits, contingencies, and strategic initiatives",[165,307,308,311,314],{},[184,309,310],{},"Liquidity",[184,312,313],{"align":173},"12.0%",[184,315,316],{},"Exchange liquidity and market-depth programs",[120,318,319],{},"The modeled contributor and investor structure uses a 12-month cliff followed by 36 months of vesting. The modeled initial float is 14.4% excluding dedicated liquidity, or 16.8% including it. Exact dates and daily emission amounts should be read from the final token-generation and vesting documents, not inferred from this summary.",[115,321,323],{"id":322},"demand-rights-bonds-and-credits","Demand: rights, bonds, and credits",[120,325,326],{},[229,327,328],{},"$STEER demand = locked rights + locked bonds + consumed credits.",[159,330,331,344],{},[162,332,333],{},[165,334,335,338,341],{},[168,336,337],{},"Primitive",[168,339,340],{},"What it does",[168,342,343],{},"Activity driver",[179,345,346,359,372],{},[165,347,348,353,356],{},[184,349,350],{},[229,351,352],{},"Rights",[184,354,355],{},"Stake to qualify for roles, registries, or reserved capacity",[184,357,358],{},"Governed assets, operator count, and capacity utilization",[165,360,361,366,369],{},[184,362,363],{},[229,364,365],{},"Bonds",[184,367,368],{},"Back templates, mandates, listings, or service commitments",[184,370,371],{},"Product launches, service levels, and product lifetime",[165,373,374,379,382],{},[184,375,376],{},[229,377,378],{},"Credits",[184,380,381],{},"Meter policy evaluation and offchain execution",[184,383,384],{},"Transaction frequency, policy intensity, and compute load",[120,386,387],{},"Token requirements are intended to attach to role qualification, capacity reservation, service accountability, and measured infrastructure use rather than to customer billing.",[159,389,390,402],{},[162,391,392],{},[165,393,394,397,400],{},[168,395,396],{},"Subsystem",[168,398,399],{},"Token touchpoint",[168,401,343],{},[179,403,404,414,425,436],{},[165,405,406,408,411],{},[184,407,19],{},[184,409,410],{},"Listing or activation bonds and capacity rights for product templates and mandates",[184,412,413],{},"Template throughput, product launches, and capacity-limited sleeves",[165,415,416,419,422],{},[184,417,418],{},"Structured product controls",[184,420,421],{},"Risk-budget stake, exception bonds, and approved registry maintenance",[184,423,424],{},"Risk-program complexity, exception cadence, and curator or operator participation",[165,426,427,430,433],{},[184,428,429],{},"Matador runtime",[184,431,432],{},"Governed-notional stake and credits for policy evaluation",[184,434,435],{},"Managed assets, transaction frequency, and policy intensity",[165,437,438,441,444],{},[184,439,440],{},"Offchain compute",[184,442,443],{},"Operator or delegator stake, service-level bonds, and routing credits",[184,445,446],{},"Execution load, uptime targets, automation depth, and operator capacity",[120,448,449],{},"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.",[120,451,452],{},"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.",[115,454,456],{"id":455},"governance-boundary","Governance boundary",[120,458,459],{},"Governance is intended to control shared platform rules:",[461,462,463,467,470,473,476],"ul",{},[464,465,466],"li",{},"registries, admission standards, and disclosure requirements;",[464,468,469],{},"risk bands, concentration limits, and exception pathways;",[464,471,472],{},"stake thresholds, credit pricing, capacity, and service tiers;",[464,474,475],{},"evidence standards for penalties and emergency controls; and",[464,477,478],{},"treasury-directed routing where activated by final launch policy.",[480,481,482],"blockquote",{},[120,483,484],{},"$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.",[120,486,487,488,492],{},"This page describes mechanism design, not a legal characterization or offer. Product-by-product and jurisdictional legal analysis is available through ",[489,490,491],"a",{"href":96},"Corporate & legal diligence",".",[120,494,495],{},[489,496,497],{"href":74},"Back to Documents →",{"title":499,"searchDepth":500,"depth":500,"links":501},"",2,[502,503,504,505],{"id":117,"depth":500,"text":118},{"id":156,"depth":500,"text":157},{"id":322,"depth":500,"text":323},{"id":455,"depth":500,"text":456},"Current $STEER supply design, allocation, demand primitives, governance scope, and investor diligence boundaries","md",null,{"updated":510,"confidentiality":511,"tags":512},"2026-07-17","internal",[513,514,515,516],"diligence","token","governance","economics",{"title":104,"icon":107},{"title":110,"description":506},"vKMesa0SryFro1DXD9wF6fB_2DByFj9KtW0J_W2_aKY",[521,508],{"title":100,"path":101,"stem":102,"description":522,"icon":27,"children":-1},"March 2026 planning model for managed capital, revenue, operating spend, and forward runway",1784300475677]