Introducing the CTND Token
Last updated
Last updated
Please notice all details below are preliminary and subject to change based on the discretion of the citizend founding partners and core team.
The CTND token is built to maximize utility for the citizend community and align incentives across all stakeholders that support citizend. As a utility token, it may be used for various purposes in the citizend ecosystem. The CTND token will have three simple use cases:
Getting access to guaranteed allocations for all winning projects in the projects' via staking CTND tokens in the platform
Taking part in the platform future governance and progressive decentralization efforts
to projects launching tokens in citizend
Token allocation:
Total token supply (fixed): 100,000,000 CTND
Network: Ethereum (ERC-20)
Target Launch Date (TGE): 2024
Breakdown by stakeholder group:
Ecosystem development - 30,000,000 CTND (30% of total supply | 72 months vesting): reserved for post-launch rewards and to activate the platform's economy. Will be progressively decentralized and managed by the citizend DAO.
CTND Community and Public sales- 20,000,000 CTND (20% of total supply | 20% unlocked on TGE, rest 6 months vesting): will be distributed to Community and Public sale contributors.
Airdrop & Rewards - 5,000,000 CTND (5% of total supply | 20% unlocked on TGE, rest 6 months vesting): used for individuals that provide support and back the project prior to network launch.
Platform reserve - 20,000,000 CTND (20% of total supply | 20% unlocked on TGE, rest 72 months vesting): the reserve is the main treasury of citizend to carry on and fund operations once the platform is live.
Private sales & advisors - 7,500,000 CTND (7.5% of total supply | Seed round: 3 months lock-up + 36 months vesting): allocated to early private investors in the project, advisors and KOLs.
Team & Building partners - 17,500,000 CTND (17.5% of total supply | Team: 6 months lock-up, 36 months vesting; Building partners: 6 months lock up, 48 months vesting): allocated to the early project team contributors and the initial building partners: Outlier ventures, Fractal ID and Subvisual.
