CITY Token Reward Structure
To show appreciation to the early adopters of CITYUPTAKE, the CITY token [id: 1001042] was created and shared with all holders with a minimum stake of 100,000 CITYUPTAKE tokens.
The snapshot to determine the total supply occurred on July 14, 2019, at 11:55 PM (MST).
Shortly after the snapshot, 44,557,300 CITY tokens were shared with qualified CITYUPTAKE holders and the remaining tokens burned.
Rewards Structure
A trading account, referred to as CITY Alpha, has been established and funded with $100,000 USD for CITYUPTAKE business purposes. (See here for more) Net income from this account will be shared with CITY holders in proportion to their stake with the following structure: forty percent of the gains from trading activities will be shared with all CITY token holders on the 14th of each month, twenty-five percent will be held in the CITY Alpha account for taxes that will be assessed related to company activities, another twenty-five percent will be used to increase the size of the CITY Alpha trade desk, and the remaining ten percent will be held for expenses, community outreach, and development.
A monthly report itemizing the gains and expenses will be added to our legal page on the cityuptake.com website each month. The first report will be posted in late August.
CITYUPTAKE reserves the right to make changes to this structure at its discretion.
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