AXV Distribution

DISCLAIMER
The information contained in this announcement ("Information") regarding the AXV tokens ("Tokens") is for general informational purposes only and should not be used or relied on for any purpose and it does not take into account your individual needs, investment objectives and specific financial circumstances. The Information is not investment advice and does not constitute any offer or solicitation to offer or any recommendation of any investment product. 
The Tokens are cryptographical utility tokens that are used in our applications and protocol and are not intended to constitute securities or financial instruments in any jurisdiction. To the maximum extent permitted by the applicable laws, regulations and rules, the Token or any entity or person being a part of the Token ecosystem shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Information or any part thereof by you.
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AS WITH ANY ASSET, THE VALUES OF CRYPTOCURRENCIES ARE VOLATILE AND MAY FLUCTUATE SIGNIFICANTLY AND THERE IS A SUBSTANTIAL RISK OF ECONOMIC LOSS WHEN PURCHASING, HOLDING OR INVESTING IN CRYPTOCURRENCIES. BY ACCEPTING TO RECEIVE THE INFORMATION, YOU ACKNOWLEDGE AND AGREE THAT: (A) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF CRYPTOCURRENCIES THAT ARE BASED ON BLOCKCHAIN AND CRYPTOGRAPHY TECHNOLOGIES AND ARE ISSUED AND MANAGED IN A DECENTRALISED FORM; (B) YOU SHALL ASSUME ALL RISKS RELATED TO ANY TRANSACTIONS OF CRYPTOCURRENCIES; AND © WE SHALL NOT BE LIABLE FOR ANY LOSS OR ADVERSE OUTCOMES RELATED TO THE INFORMATION PROVIDED.
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Astrovault.io’s token generation event (“TGE”) will create 200,000,000 AXV. For the time and work put in, 40 Million tokens (20% of TGE) will be reserved for core contributors, for whom Astrovault’s existence is dependent. These tokens will be subject to a 1 year cliff with a 3 year vest.

For funding and development, High Vault Corporation will receive 30 Million tokens (15% of TGE). These tokens will be subject to a 1 year cliff with a 3 year vest.

For the faith and trust shown by early adopters and users of Astrovault in its first several months, 10 Million tokens (5% of TGE) will be granted via a combination of airdrop and frontloading the GRVT8 contract. These tokens will be available to claim immediately upon TGE.

To best foster the growth of the Astrovault ecosystem, the Foundation will keep 10 Million tokens reserved for grants, and 20 Million tokens available for liquidity deals. 10 Million tokens will be reserved for Outbid Public Sales, and 80 Million tokens will be in the Community Pool.

The AXV DAO is encouraged to use the Community Pool to airdrop to additional communities on the contingency that they provide value to Astrovault’s protocol owned liquidity (“POL”). Doing so will broaden the distribution of AXV, and though constitutes a spend up-front, sets up the DAO to earn more of its own emissions, reducing expenditure in perpetuity.

In accordance with a decentralised ethos, no private sale has been conducted for the development of Astrovault. To bootstrap funding for further development and growth, up to 10M AXV tokens from the DAO will be reserved for public offerings. These are to be conducted on Astrovault’s own internal launchpad application, Outbid. Should each of 10 offering rounds completely fill, over $1M will be raised to bootstrap growth and development. Tokens are locked 1 month for each successive filled offering round, meaning a maximum lockup would be 9 months, and whatever last offering fills will be available immediately upon TGE. For additional details on Outbid, see the following article written by a community member: https://orageux101.medium.com/gamified-public-sales-on-archway-an-introduction-to-outbid-c83565bc1a6d

If you’re interested in building more on-chain liquidity for your community in a way that automatically builds over time, please vote in support of our on-chain props, join our Telegram @ astrovault.io/telegram and hop in our Discord @ astrovault.io/discord!

We look forward to hearing from you and scaling the Cosmos towards a more sustainable and brighter future together! 👾