Few things we need to update to our communities from our IDO result
At IDO we have 15,000,000 token and this was the plan:
- 66.67% (10,000,000 EDXA) will be reserved for IDO
- 6.67% (1,000,000 EDXA) will be reserved for future development cost (will not be in circulation)
- 6.67% (1,000,000 EDXA) will be reserved for future marketing cost (will not be in circulation)
- 6.67% (1,000,000 EDXA) will be reserved for future operation cost (will not be in circulation)
- 13.33% (2,000,000 EDXA) will be reserved current & future team members
This is our updated tokenomics after IDO:
IDO Token 10,000,000 EDXA
10,000,000 EDXA was reserved for IDO but we only able to sell approximately only 150,000EDXA. So we have balance approximately 9,850,000!
So what are we gonna do with the balance of EDXA?
So instead of burning, we want market to hold larger share of EDXA. So what we have to do is we need to give out this token.
Is it bad?
No. It is not and it will benefitted the communities.
We give an example like the famous FEG token. They give out it free and their communities grew really fast.-
We won’t give our in a large sum that will hurt our earlier communities. We will give in small amount in airdrops but if they hold it for years, they can earn a lot.
Currently we are developing the airdrop and it will create a great marketing and brings more cash in which will benefitted overall communities.
Future Development, Marketing & Operation Token 3,000,000 EDXA
It will not be in the market. We will just left it be….
Developer & Private Sales Token 2,000,000 EDXA
This token for developer & private sales that support us in early stages.
The 2,000,000 EDXA is divide into 34 wallets. 10 wallet for developer and 24 wallets are for our private sales in development stage.
We agree that we are only allowed to farm EDXA token at EDXA farm. We cannot put our token in LP. In other words we get really really small emission.
We still have to allowed our private sales to farm as they have supported us in development stage. Any way the effect of this reflect a good TVL.
Do you have time lock for this? Nope. Everyone agrees not to sell and we will hold this token for a very long period of time because there are very vast future up ahead.
Only small sales will be allowed with the agreement of all developer and private sales holder.
Token Emission
It will stays at 43,200 token per day.
