azitalliance
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azitalliance

AZIT Token Lock-up Schedule

‘azit’ is a blockchain-based, point integration platform for real estate and residential services. ‘azit’ provides a service that allows users to conveniently use points as they see fit for residential services related to real estate or community facilities by integrating points that can be used anywhere.

Welcome to ‘azit’!

Today we are announcing azit’s Token Metrics and lock-up schedule.

#Our team will do our best to keep the token distribution process and information as transparent and exact as possible. Please check below for details.

1. Partner (30%)

A portion set for partner companies that joined azit Alliance, partners that regard real estate, moving, cleaning, house designing, laundry, home service etc. Each distribution volume is determined by each partner’s brand power, brand image, contribution to the azit ecosystem etc. Partner tokens have 10-month lock-up and 3 year vesting after first listing on CEX.

Partner portions are used for the growth of azit ecosystem, mainly for helping partner services to grow and induce users to use partner service via azit ecosystem by executing collaborated promotions.

2. Investor (25%)

Portion for strategic investors that backed up the project on an early stage. Token sale was initiated as below.

Total of 50,000,000 AZIT sold for SEED round, 75,000,000 AZIT sold for PRIVATE round

10% will be unlocked at first CEX listing, 10-month vesting for PRIVATE round, 12 month vesting for SEED round.

3. Marketing (20%)

Marketing portion is used for azit users mainly to increase azit platform usage. Contribution rewards such as signing up for azit platform, user events, mission clearing, partner point exchanging etc.

For the purpose of securing liquidity at early stage, 160,000 AZIT will be distributed to KSP holders through Klayswap Drops, and total of 3,890,000 AZIT, 324,166 AZIT each month for 12 months will be distributed to the Klayswap Liquidity Pool as LP incentive.

When listing on Klayswap, total of 4,450,000 AZIT (4.45% of total Marketing portion), 370,833 AZIT each month for 12 months will be equally distributed for marketing activities. The rest of Marketing portion will be unlocked when first listed on CEX and be vested for 36 months (first year 20%, second 40%, third 40% ratio)

4. Foundation (20%)

Foundation portion for azit team to operate business and cover expenses such as Research & Development, Labor Costs etc.

1 year lock-up and 36 months vesting after first listing on CEX.

5. Operation (5%)

Portion used for azit Alliance platform’s long-term performance and development such as platform operation, maintenance, and technical upgrades etc.

1 year lock-up and 36 months vesting after first listing on CEX.

Distribution of AZIT Token is one of the most important issue for the ecosystem. Our azit team will do our best to keep it transparent and accurate when dealing such information regarding token distribution.

Join ‘azit’! Where points make your space special.

Welcome to ‘azit’!

We value each reader and follower! If you want to stay updated
with the activities of ‘azit’, make sure to follow the links below!

Website | Telegram| Twitter | Facebook|Linkedin| Naver Blog| Kakao

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