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The SEAT Token

$SEAT — fixed supply, allocation buckets, and the critical fact that it is not deployed.

1 min readSource: site/content/docs/economics/seat-token.md

Planned

Specification (as implemented)

Property	Value
Standard	ERC-20
Decimals	18
`totalSupply`	`1_000_000_000e18` (1 billion, fixed)
Minting	Once, in the constructor, to `SEAT_HOLDER`
Post-deploy mint	None exists

Allocation

The bucket splits are owner transfers after TGE, not constructor mints — the full supply mints to one holder, who then distributes:

Bucket	Share	Notes
Liquidity / market	40%	SEAT/USDG Uniswap v3; NFT locked 12 months
Community / airdrop	20%	Later merkle distribution; not deployed
Team	15%	Later vesting; not deployed
Treasury / protocol	12%	Ops + the protocol's 20% fee recipient
Leader incentives	8%	Later
Staker bootstrap	5%	Optional seed into `StakingPool`

What the token is for (in the code)

Listing bond — DeskFactory.listDesk pulls a $SEAT bond (default 100_000e18) from anyone listing a desk without owner approval; returnBond gives it back.
Staking — StakingPool accepts $SEAT and distributes the 10% staker fee slice via an accumulator.
LP locking — LpLocker holds the SEAT/USDG liquidity NFT for ≥ 365 days.

What the token is not

Not a claim on vault assets. Desk shares and $SEAT are entirely separate instruments.
Not a governance token — no governance code exists.
Not live, not transferable, not valuable — there is no deployed contract.