Testament (TEST) Tokenomics

Testament (TEST) is an ERC-20 token on the Ethereum blockchain with a fixed supply of 1,000,000,000 tokens. It empowers the Christian community through a decentralized, trustless charity system, driven by a 5% transaction tax, community governance via a DAO, and long-term support for the Testament Non-Profit. The mission—centered on redemption, growth, and forgiveness—is prominently featured on the website, tying the tokenomics to its faith-based purpose.

1. Token Name and Symbol

  • Name: Testament

  • Symbol: TEST

2. Total Supply

  • Total Supply: 1,000,000,000 (1 billion) tokens

  • Inflation: None (fixed supply)

3. Initial Token Distribution (May 22, 2025)

The total supply is allocated as follows:

  • Treasury Wallet: 48% (480,000,000 tokens)
    Central fund for development, operations, community incentives, and ecosystem growth.
    The creator will only access this wallet for auditing, legal compliance, and liquidity.
    Uses will be transparently communicated to the community.
    After the first 6 months (ending January 1, 2026), governance will follow DAO rules per the Constitution.

  • Liquidity Wallet: 20% (200,000,000 tokens)
    Facilitates liquidity on Uniswap.
    Initially, 10,000,000 tokens will be added, with another 10,000,000 added later.

  • Community Reserve Wallet: 15% (150,000,000 tokens)
    Supports airdrops, rewards, and early governance incentives.

  • Testament Non-Profit Startup Fund: 10% (100,000,000 tokens)
    Locked until April 1, 2030, to fund the Testament Non-Profit initiative.

  • Charity Treasury: 5% (50,000,000 tokens)
    Receives the 5% transaction tax and manages charitable initiatives.
    Initial 5% allocation funds early charitable donations (Year 1: 2%, Year 2: 2%, Year 3: 1%).
    Community voting determines fund distribution.

  • Creator: 2% (20,000,000 tokens)
    Vested over 4 years with a 1-year cliff (cliff ends May 22, 2026, full vesting by May 21, 2029).
    Includes 2% voting rights, active once creator loses governance control.

Additional Mechanisms

  • Charity Treasury Funding: 5% (50,000,000 TEST) reserved for initial donations.

  • Compliance Fund: Portion of Treasury sales supports legal/regulatory needs.

  • Operational Costs: Remaining proceeds fund development, marketing, and support.

  • Annual Allocation Rule: 100% to charities (Years 1–5), then 70% charities / 30% Testament Non-Profit (Year 6+).

  • Transparency: All distributions and fund uses are publicly recorded on the Testament website.

4. Transaction Tax

  • Rate: 5% on all buy/sell transactions.

  • Destination: Automatically sent to the Charity Treasury Wallet.

Exemptions:

  • Treasury Wallet

  • Donation Wallet

  • Testament Non-Profit Wallet

  • Vesting Contract (Creator)

  • Lockup Contract (Testament Non-Profit Startup Fund)

5. Governance

Testament hopes to operate as a Decentralized Autonomous Organization (DAO), the creator will renounce ownership after 6 months, with plans implemented to establish a DAO. Below outline how it would be used.

  • Proposal Submission:
    Open to any user with a $1 fee (USDC or equivalent).
    Proposals may include charities, projects, or amendments.
    Feedback via upvote/downvote system.

  • Voting:
    1 token = 1 vote
    Quorum: 30% of eligible tokens
    Passing threshold: 60% "yes"

  • Charity Vetting:
    Years 1–5: Only certified charities (e.g., 501(c)(3))
    Post-Year 5: Testament Non-Profit or a community-elected committee handles vetting

  • Creator's Role:

    • First 6 Months (until Jan 1, 2026): Creator holds upgrade authority

    • 6 Months to Year 5 (Jan 1, 2026 – Apr 1, 2030): DAO must approve changes; creator retains veto if proxy is active

    • Post-Year 5 (April 1, 2030 onward): Full DAO control

  • Transparency: All contract changes are disclosed publicly.

6. Testament Non-Profit

  • Nonprofit arm activated upon reaching $1 million market cap

  • Year 6+ Funding Split:

    • 70% to DAO-approved charities

    • 30% retained for Testament Non-Profit operations

  • Registration must occur within 6 months of the $1M market cap milestone

7. Fund Conversion Strategy

  • USDC Conversion: Charity and Testament Non-Profit funds converted throughout the year

  • Schedule: Monthly, to avoid market disruption

Methods:

  • Small trades on DEXs

  • Large trades via OTC

DAO Governance: Annual votes determine strategy and limits
Execution: Multisig signers implement conversions
Transparency: All plans and results reported publicly
Future Automation: Targeted for Year 3 (April 1, 2028), per Constitution

8. Automation

  • Tax Collection: Automatically routed to Charity Treasury

  • Charity Disbursements:
    Initially manual; distributed annually on Dec 25
    Automated system planned by Year 3 (April 1, 2028), pending DAO approval

Additional Automations (planned):

  • Token sales, liquidity provision, and airdrop distributions via smart contracts

  • Oracle integration for real-world charity certifications

  • Transparency: All actions, automated or manual, are disclosed on the website

9. Compliance

  • Certified Charities: Required for Years 1–5 to ensure tax benefits and compliance

Process:

  • Off-chain charity selection by DAO-elected multisig signers

  • Legal oversight funded by Compliance Fund

  • Transparency: Legal status and donation records published on the website

10. Mission Statement

The mission statement, displayed on the website, ties the tokenomics to Testament’s values of redemption, growth, and forgiveness, anchoring a trustless system for Christian charity.

Conclusion

With a 48% Treasury Wallet allocation, a 10% Testament Non-Profit Startup Fund, and a dedicated Compliance Fund, Testament (TEST) is designed for sustainability, community control, and charitable impact. Its transaction tax, structured governance, strategic conversions, and eventual automation ensure long-term viability while supporting the faith-based mission of the Testament Non-Profit from Year 6 onward.