As we are near to the start of PIXBY trading on the exchanges, we have moved some large amounts of tokens around and we understand that it feels scary without the right context in the background.
With this update, we’d like to help you make an understanding of these things. We are providing an in-depth overview of our token distribution and reserve fund and their corresponding wallets.
As outlined in the whitepaper the initial supply was 450,000,000 PIXBY tokens and new tokens can only be minted with our staking programme. 270,000,000 allocated for the IEO/ICO presale, and the remaining 180,000,000 tokens distributed and divided in the following:
— 67.2M tokens for long-term project development. As stated in the whitepaper these funds will be used for operational activities and future project expansion.
— 28M tokens for marketing purposes. These funds will be used for various marketing activities and project promotion.
— 22.5M tokens core team treasury. 100% of the tokens will be locked for 12 months. (Half will be released after every 12 months)
— 22.5M tokens for Freelance marketplace rewards program and other activities.
— 22.5M tokens for future airdrops and bounty activities. Airdrops to vast users from around the world will help us to put PIXBY tokens in the hand of thousands of new users and expand the PIXBY network, however, there are no plans for any airdrops in the near future and we will rise an open discussion with team and community before making decisions.
— 5.6M tokens for Legal expenses.
— 5.6M tokens for other expenses.
All the above allocations were initially stated in the PIXBY whitepaper, additionally, we have decided to lock the team treasury tokens for 12 months in order to support the community and the token itself. For transparency purposes, all wallets can be tracked and monitored anytime via etherscan.io explorer.
We hope this update provides an overview of our PIXBY distribution. The team will carefully manage and review future usage scenarios of reserved tokens. The community will always be notified about any updates or in case of if changes are planned.
website: https://pixby.io
telegram: https://t.me/pixbytoken
twitter: https://twitter.com/pixbytoken
discord: https://discord.gg/vFHU9wu
