> For the complete documentation index, see [llms.txt](https://cheddarfarm.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://cheddarfarm.gitbook.io/docs/community-launch-and-distribution/genesis-minting.md).

# Genesis Minting

The community board has approved a 20M Cheddar Genesis to bootstrap the Cheddar Loyalty Network:

{% embed url="<https://v2.sputnik.fund/#/cheddar.sputnik-dao.near/0>" %}

1. The FREE Community Farming will mint unlimited Cheddar for 20 days.
2. 2.3M tokens will be minted for the team and community contributors.&#x20;
3. Cheddar for partnerships or growth will be proposed on the NEAR governance forum and voted on in the CheddarDAO by the community board before additional Cheddar minting occurs.

**Team & Advisors: 2M** **(10%)** **-** Lockup according to the Phase-0 schedule. `team.cheddar.near`

* 3-month cliff
* 3 months linear vesting (tokens unlock linearly from month 4 till 6 after genesis)
* Tokens in the vesting contract are not transferable.
* Locked tokens can be used for Cheddar DAO governance voting.

**Partnerships:** **8M** **(40%)** **-** building NEAR ecosystem.

Cheddar DAO governance will be used to approve and mint tokens as needed. Both the community board and council will have the ability to vote and approve a proposal after a governance post has been submitted and discussed.

**Early Supporters: 300K (1.5%)** — NEAR dApp integration. `contributors.cheddar.near`

Cheddar will be minted to a contributor wallet and issued by the team to auditors, community board members, and testers.

**DAO Treasury 9.7M (48.5%)** — Future use governed by DAO.

Cheddar DAO governance will also be used for the treasury fund to approve and mint tokens on an as-needed basis. Both the community board and council will have the ability to vote and approve a proposal after a governance post has been submitted and discussed.