STU Distribution Update
Dear Community,
For the purposes of transparency, and to address the concerns of the Community, the core team has decided to release a document detailing the distribution of the STU. We hope that this will clear up any misgivings about the distributions of our token.
Allocation Table:
Public STU — PreSale + ICO
This is the STU that was delivered to the public via the open sale process. This constitutes 4.6% of the total supply.
Public STU — AirDrop Planned (+160%)
This is the STU allocated for the planned airdrop. This will be released by December 10th, and will bring this distribution up to 7.5%
Public STU — Affiliate Plan Future Rewards
This is the STU that will be used for our affiliate reward program on our Platform, and constitutes 50% of the supply. This will be Locked for 6 years with graded release. Max 2.5% every Quarter, starting from 2nd Year. After the completion of the airdrop, these funds will be moved to a separate wallet for one Year.
Supervisory Board + Escrow
This is the STU allocated for the Board, as well as funds used to provide escrow on the Platform. This constitutes 2% of the STU supply.
Bounty Program
STU allocated for the Bounty program and promotional efforts. This allocation is to be deliver to the participants, and constitutes 1.5% of the supply.
Marketing & Media Budget
These are tokens reserved for the payment of vendors, specifically concerning our marketing efforts, and media placements. This constitutes 5.4% of the supply.
Founding Team
These are the tokens reserved for the founding members of the team. After the completion of the AirDrop, this will be moved & Locked in a separate Wallet for one Year.
Ambassadors
This amount will get into Circulation once allocated, and constitutes 2% of the supply.
Dev’ Team Members & Bonuses / Service Providers
This amount will get into Circulation once allocated, and also represents 2% of the total supply.
Consultants & Board members
Tokens reserved for Consultants affiliated with the project. To be delivered to the Board & Locked for one Year. This constitutes 8% of the total supply of tokens
Technical Tokens for Stabilization
Token reserved to stabilize and reinforce the token economy of the platform. After the completion of the AirDrop, these will be moved & Locked in a separate Wallet for 1 Year. Represents 6% of the total STU supply.
Testing & Bug Bounties
Tokens reserved for developer/bug bounties. This represents 1% of the total supply, and this amount will go into Circulation once allocated.
Summary:
In summation, the above chart and explanations of the different allocations should reflect the finalized distribution of our token, pending the AirDrop. This will be updated in the next version of the white paper coming out this month. CoinMarketCap is awaiting the release of the AirDrop in order to update the listing. This should reflect properly shortly after the AirDrop completes.
This allocation, once fully realized, should bring the total of circulated STU to 50%. In total, the ICO participants should hold half of the circulated token supply.
If you have any questions or need clarification about this allocation, please contact the team at info@bitjob.io, we are happy to assist.
