ARCS(ARX) distribution, supply, and lock-up
22 November 2019, 20,000,000,000ARX was minted on Ethereum(ERC-20) with contract address: 0x20b1a8a9ca1c7302b7f774266c491c7b11622779 by IFA Co., Ltd. On 3 December 2019, ARX was listed on the first exchange, KuCoin, with a starting price of 0.01USDT. This is the result of more than two years of hard work from the AIre team.
We will continue to update information in this article.
The initial project development has been funded through private token sales which total 2,500,000,000ARX (12.5% of total token supply).
The circulating supply at time of writing is: 80,000,000ARX
Distribution and lock-up information
For third-party organizations: 50% (10,000,000,000ARX)
Purpose
This allocation is reserved for third-party organizations in order to decentralize network governance, development and operation, and philanthropy. The allocation will initially be held by a foundation who is responsible for distribution and accounting of the tokens and secure funding for ecosystem development such as development of tools and dApps, and onboarding of data banks.
Lock-up
Lock-up terms for third-party organizations will be based on case-by-case evaluation and depend heavily on how the respective organization can contribute to ecosystem growth. As a standard, there will be KPIs which must be met and minimum 1 year lock-up.
Free distribution to AIre startup supporters: 12.5%
(2,500,000,000ARX)
Purpose
ARCS has been under development for more than two years. 12.5% was promised to early supporters who contributed with funding, resources, and advisory since the inception. The supporters was able to get a private position at following tiers:
Tier 1: 1 JPY
Tier 2: 2 JPY
Tier 3: 4 JPY
Tier 4: 5 JPY
Tier 5: 8 JPY
Tier 6: 10 JPY
Lock-up
All private positions has the same lock-up. Below numbers are % of supporters total position:
April 2020: 2%
May 2020: 2%
June 2020: 2%
July 2020: 2%
August 2020: 2%
September 2020: 2%
December 2020: 17.6%
December 2021: 17.6%
December 2022: 17.6%
December 2023: 17.6%
December 2024: 17.6%
Incentives for core members: 2.5%
(500,000,000ARX)
Purpose
2.5% of the total token supply is incentive for the core team. This is a relative low allocation compared to other projects and the reason is the philanthropic philosophy behind the project.
Lock-up
The incentives for the core team will be distributed during first year of development, 2020.
Incentives for partners: 2.5%
(500,000,000ARX)
Purpose
AIre ecosystem will welcome many partners across different industries and regions. If partners contribute with significant value to the ecosystem besides contractual obligations, they can be considered for incentives from this allocation. Partners include corporations, governments, communities, businesses, individuals, educational institutions, and NGOs.
Lock-up
Lock-up terms will be based on case-by-case evaluation and depend on the value brought to the ecosystem.
IFA allocation for development and operations: 20%
(4,000,000,000ARX)
Purpose
IFA Co., LTD is the legal entity who incubated AIre and carried out the initial development. This allocation is for IFA to fund development and operations of blockchain infrastructure, marketing, and business development.
Lock-up
There’s no lock-up on this allocation.
Reserve: 12.5%
(2,500,000,000ARX)
Purpose
The reserve is for future development and new major initiatives such a implementation of payment token.
Lock-up
There’s no lock-up on this allocation.
Website
http://go.ifa-aire.co.jp/l/735613/2020-02-04/qnds
White paper
http://go.ifa-aire.co.jp/l/735613/2020-02-04/qndv
Telegram
English: http://go.ifa-aire.co.jp/l/735613/2020-02-04/qndx
Japanese: http://go.ifa-aire.co.jp/l/735613/2020-02-04/qndz
Twitter
English: http://go.ifa-aire.co.jp/l/735613/2020-02-04/qnf4
Japanese: http://go.ifa-aire.co.jp/l/735613/2020-02-04/qnf8
Russian: http://go.ifa-aire.co.jp/l/735613/2020-02-04/qnfd
Korean: http://go.ifa-aire.co.jp/l/735613/2020-02-04/qnfn
Kakao
Korean: http://go.ifa-aire.co.jp/l/735613/2020-02-04/qnfq
