Announcing Charged Particles $IONX Token Generation Event

Published in

Charged Particles

5 min readMay 19, 2021

$IONX token allocation and distribution plan

Charged Particles has been a work in progress for over a year now. Nearly 6 months into building out the concept, we “Introduced” Charged Particles in October 2020 properly to the world as an innovative new NFT protocol combining NFTs and DeFi in a way never before seen by the ecosystem.

Since then, we’ve announced 2 significant funding rounds and have been hard at work building out the Charged Particles DApp and Protocol. We launched on Ethereum MainNet on 17-Feb-21 and haven’t slowed down one bit. Some highlights since launch include:

We’ve hosted some of the MetaVerse’s largest parties ever recorded. Our next one is 18-June and will be the biggest yet.
Charged Particles NFT sales have surpassed $2M — each of which is so much more than a scarce NFT. Including a 42 ETH ($150K) Sale of “Pandora’s Box” a rare NFT containing inside: 14 other NFTs ‘nested’ inside, $CHARGE Social Token, as well as a bit of Interest-bearing aDAI & aWETH.
We’ve continued to ship updates to the DApp and Protocol, adding many more features and improvements weekly.
Release of Lepton NFTs — Rare yield-multiplying NFTs to be used when liquidity mining on Charged Particles goes live in June.
Formal Audit completion (with no significant changes) of the Charged Particles dApp & Protocol

Charged Particles is NFT, Token, and Liquidity-Provider Agnostic — our dApp is just a first step in showing the world what’s possible when ANY NFT can hold ANY token in a completely programmable way.

The launch of our governance token is a key step in our path toward progressive decentralization of this key NFT protocol.

$IONX Token Generation Event (TGE)

$IONX is the native governance token for the Charged Particles Protocol. Any changes to the Protocol will be proposed and voted on by $IONX token holders. These proposals can include things like adjusting contract configuration values to adjust the protocol deposit fee, implementing scaling solutions, adjusting 3rd party integration fees, registering, adjusting or disabling DeFi protocols as yield sources, whitelisting NFT platforms, and controlling future distribution of $IONX to protocol contributors.

The total token supply of $IONX will be 100,000,000. The supply will be broken down across community, investors, team, advisors, and foundation.

Upon complete distribution of all 100M tokens, an annual inflation rate of 2% will start (after 2 years), distributed directly to the Foundation / DAO Treasury.

Community

Our Charged Particles Photon community has been massive supporters from the start, with some members active in our discord for well over a year now.

50% of the $IONX total supply is reserved for community members. Including:

Initially, 30% of the $IONX total supply is reserved for Liquidity Mining / Yield Farming. Adding value to the Charged Particles Ecosystem, broken down as:

5% for staking $IONX: 48,077 $IONX each week, for 24 months
5% for staking $IONX/ETH (Uniswap) Liquidity: 48,077 $IONX each week, for 24 months
20% for NFT Yield Farming: 192,308 $IONX each week, for 24 months, starting mid-June. Rewards will be split on Layer 1 and Layer 2 Liquidity Mining. More details will be announced on this, get your LEPTONs ready.

1% of the total supply is allocated to the public listing during the IDO on Polkastarter.

A 3% Airdrop to early community supporters and adopters. This is more of an “Airdrip”, with 1% being unlocked immediately, and the remaining 2% airdripped to these users over the next 3 months linearly. We’ll announce more details on the Airdrop and how to claim when it’s live!

A THANK YOU to our amazing Photon Community. You guys rock.

Investors

20% of the total $IONX allocation is reserved for early investors of the protocol, divided among our pre-seed and seed rounds of investment.

All investor allocations are subject to a cliff and distribution period. Pre-Seed investors (15%) are subject to a 1 month lock, with the remainder distributed over 18 months. Seed Investors (5%) are subject to a 1 month lock, with the remainder distributed over 18 months.

Team & Advisors

The Charged Particles team & advisors are allocated 23% of the total $IONX supply. Everyone is subject to a 6 month lock, with the remainder distributed over 24 months.

Foundation

The Foundation is allocated 7% of the total $IONX supply. There is an unlock of 10% at the TGE, and the remainder vests linearly over 24 months.

What’s next? What is the timeline?

The $IONX TGE will be happening on 31-May on Polkastarter. We’ll be announcing more information on how to get involved soon. Follow us on Twitter and join us on Telegram to stay up to date with TGE announcements and $IONX information.

⚠️ Everything related to $IONX tokens, smart contracts and their addresses will be only available on official channels. Charged Particles team members will NEVER DM you ever about anything. Please be careful and beware of scams. ⚠️

Official channels are:

Telegram Chat: https://t.me/chargedparticles
Discord Chat: https://discord.gg/HdRx4SBMDv
Telegram announcement: https://t.me/CPAnnouncements
Twitter https://twitter.com/DefiNft

About Charged Particles

Charged Particles was started in late 2019 and allows users to Do more with their Non-Fungible Tokens (NFTs) offering near-infinite flexibility and creativity within this growing space.

With Charged Particles, any NFT can be transformed into a basket containing other ERC-20 tokens, even other NFTs. The Principal amount can be time-locked inside the NFT, and through an integration with Aave’s aTokens, programmable yield from these DeFi yield-generating assets is just a few clicks away.

Charged Particles is backed by top web3 investors in the space, and the Protocol & dApp went live on MainNet on 17-Feb.

What’s in your NFT?

Stay in touch with Charged Particles