CyClean’s Token Distribution Explained
No two cryptocurrencies are alike, especially in the way their tokens are sold or distributed. Regardless of the differences in distribution, cryptocurrency projects all share a common responsibility – that is to reveal to their communities in a transparent manner the details of their token. CyClean has already made this information available since early on, so that people looking into the project are informed before they come to the decision to participate.
Typically, tokens are held by the team for a number of reasons, sold during token sales, and distributed to investors. The team may hold a percentage for their personal possession, for community events, and for business development. If a cryptocurrency is mineable like CyClean, then a portion is reserved for mining rewards. Now that you know all these things, why don’t we take a look at CyClean’s token distribution.
Let me summarize the details in words for you, so that it is easier for you to read.
30% of the tokens are sold to participants of our token sale during the Pre ICO and Main ICO. The number of tokens in this category are about 1.2 billion CyClean tokens. Our ICO is ongoing, so you have a chance to pick up as many as you want.
25% of our tokens, or about 1 billion tokens, are reserved for mining. CyClean tokens can be mined using CyClean’s products, including the IMBIKE, electric motorbike, and health band.
22.5% of our tokens, or 800 million tokens, are safely held for platform development and business expansion. CyClean’s goal is to see a world of clean energy, and we will use these tokens to fund and develop projects in the energy sector.
12.5% of our tokens, or 600 million tokens, are distributed to developers and will be used for community events, such as airdrops and promotions. Did somebody say airdrops and promotions? I’m sure this is something you wanted to hear!
10% of the tokens, or 400 million tokens, are held by the company. These tokens are for market stability and for any emergencies that may arise.
There you have it, folks. You now know where every last one of our tokens will be used. We’re not trying to brag, but you should note that the CyClean team is holding only 10% of the total token supply. We chose 10% because we believe the tokens could be used for the community, development, and ecosystem, all of which are more important than our personal gain.
The CyClean team promises to put the funds to good use for you and our planet. Join the clean cycle with CyClean today!
** For more information about CyClean, please visit our website at cyclean.io.
