Svmuu reported that Circle co-founder and CEO Jeremy Allaire responded to questions from analysts during tonight's earnings call.
When asked about the potential for broader distribution of the ARC token in the future, Jeremy Allaire stated: "We have completed this $222 million funding round for the ARC token pre-sale at a $3 billion FDV, and we have an obligation to eventually distribute tokens to these pre-sale participants. Our current core focus is driving the launch of the Arc mainnet (which is coming soon) and driving network utility and growth. Ultimately, as the network expands, the ARC token will play a crucial role in utility, governance, staking, and security. What we shared in the ARC token whitepaper is that 60% of the tokens are specifically allocated for ecosystem grants, airdrops, and other incentive programs, which is what Circle and the broader community hope to see over time. Obviously, there will be more opportunities in the deployment of the ARC token—especially regarding this 60% allocation—in the future."
Previously, the ARC token whitepaper showed that 60% of the tokens will be allocated to the ecosystem (token sales, developer grants, network growth); 25% will be allocated to Circle (protocol development, staking, and governance); and 15% will be allocated to a long-term reserve (strategic flexibility and economic stability).