🥮Tokenomics Cont'd
Check the tokens section as well
There are six main parts of the tokens. Tokens are kept in the Multisig wallet to mitigate the risks and provide maximum comfort to the market and to the investors.
MEMBER INCENTIVES LEDGER (10%)
Upon registration new Members will get limited number of Clouch Token each without any conditions. These Clouch tokens will live in their Member profile provisionally (these are stored in a special off-net ledger).
This means that Member will not be able to access tokens or claim to their wallets until further notice. The Members who claimed their Clouch tokens to be transferred from off-net to on-chain wallet.
Vesting rules will be applied
CLOUCH TEAM LOCK (17.5%)
Part of the tokens will be reserved to reward the founding team and potential new hires. The total amount of CLX minted for this category will be 17,5%. This category of tokens distribution will be vested (done in stages). Team will not be able to put these tokens to the open float. Time stages to be announced.
CLOUCH MARKETING BUDGET (6%)
Part of the tokens will be reserved for launch and after launch marketing of Clouch.com such as Youtube influencers, etc. Exact number of tokens will be decided but will not exceed 6% of the total mint. Strategic partnerships that can bring long term value and advisors are also covered in this macro budget idem.
All these tokens are also vested.
CLOUCH INVESTORS LEDGER (20%)
Investors stock is at par with the team tokens and just slightly exceeds it because it includes a small part that is going to be distributed during public launchpads.
INITIAL LIQUIDITY (5%)
Will make 5% of the mint. It will live in the form of Liquidity Pool or Pools in the Uniswap, Pancakeswap and centralized exchange when Clouch Token is listed. The fees collected will be directed towards the project development.
PL will be let into direct management by Clouch CFO.
GROWTH FUND (41.5%) AND THE FUTURE OF CLOUCH TOKEN
Growth Fund is the pillow of tokens that will be vested and used conservatively depending on the market situation with the Clouch Token.
Will the development of Clouch take the pace projected the Governance Committee can decide on the forking of Ethereum blockchain or creation of a separate blockchain with special features different from Ethereum Mainnet.
Future Governance Committee is to vote on the exchange policy of the Clouch Tokens issued and owned by that point, and will act in the best interest of the holders.
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