Detailed Explanation of the Crodo Tokenomics
When researching a project, it is important to familiarize yourself with its tokenomics, and now we will try to tell you about it in detail.
The total supply of CROD tokens is 100,000,000 and cannot exceed this number. The Crodo team has allocated tokens as follows:
- 4% of all tokens are allocated to Seed sale, which is the initial funding round for the early stage of the project. Investors bought tokens at $0.10 per token. A total of 4,000,000 tokens were sold in this round and the team raised $400,000 to further develop the project. Investors will start receiving their tokens 3 months after the token is listed on the exchange, at 9.1% each month, for 11 months.
- 5% is allocated to Privat sale, a secondary funding round in which 5,000,000 tokens were sold at $0.14 per token. The team raised $700,000 to further develop the project. Participants who funded this round will start receiving their tokens 2 months after listing, at 7.14% monthly for 14 months.
- 4% Strategic sale, the third round of funding for which 4,000,000 CROD tokens were allocated. Participants in this round had the opportunity to buy tokens at $0.16. One month after CROD is listed on the exchange, participants will start receiving their tokens at 6.25% monthly for 16 months.
- 3% Public sale, a public sale of tokens where anyone can participate. A total of 3,000,000 CROD is allocated for the public sale. Participants can buy tokens at $0.18 each and receive 20% of purchased tokens right after listing and 20% every month for 4 months.
- 15% will be allocated for the team that created the project. The team will not get tokens soon. Every month after 17 months after listing, 4% of all tokens will be blocked for the team.
- 6% is seen for advisors, who advised, advised and informed the team to successfully build the project. Advisors will receive their tokens in the same way as the team, 17 months after listing at 4% tokens each month.
- 15% is liquidity. To prevent a lot of volatility when token is traded on exchanges.
- 27% - strategic reserve. A reserve of tokens that the team can use for further development and improvement of the project. The reserve tokens will be unlocked 16 months after listing, at 3.85% monthly for 39 months.
- 21% is seen for the community and the project ecosystem. Almost half, namely 10,000,000 tokens are allocated to the Ambasadors program. 5% of these tokens are unlocked instantly after listing, and 2.5% every month for 39 months.
Below you can see Crodo tokenomics depicted as an infographic:
CROD token distribution:
Unlocking CROD tokens:
Source of information: project white paper
