In this article, we will briefly outline IoTeXPad’s token economics and vesting periods to establish much needed clarity and transparency.
Seed Round: (6%) $420,000 (10% TGE, 10% Monthly For 9 Months)
Strategic Round: (18%) $1,530,000 (10% TGE, 10% Monthly For 9 Months)
Public Round (IDO): (2%) $200,000 (20% TGE, 20% Monthly For 4 Months)
Marketing & Partners: (20%) 10% on Day 01, 1 Month Cliff, 5% Monthly for 18 Months.
Foundation Team: (18%) 1 Year Lock, 10% Monthly for 10 Months.
Strategic Advisors: (5%) 7 Months Lock, 10% Monthly For 10 Months.
Staking: (15%) Based on a variable of factors. Undetermined.
Reserve: (10%) 1 year lock.
The remainder 6% (6,000,000) will be allotted to liquidity & pools, which will be locked.
We are the first native launchpad to be deployed on IoTeX, focused on launching and incubating leading emerging and trusted projects. IoTeXPad will ensue to be an integral part of this ecosystem designated to entail a vast number of services to emerging projects developing on the IoTeX network.
IoTeXPad provides a way through which new IoTeX projects can raise capital from a platform that is already used by most of the crypto world. While IoTeXPad takes care of the token sales with top-notch security, projects can focus more on developing their core idea.
IoTeXPad launches both BSC & IoTeX projects.