COAL Token: Key Features and Highlights.
About COAL Token
- Staking Token: Users will earn a passive income by securing the network and staking COAL for consensus on the Coalculus Proof-of-stake blockchain.
- Transaction Bundling: COAL will be utilized by on-chain partners as GAS fees to bundle and hash enterprise chain transactions to the Coalculus main chain.
- Cryptocurrency Exchange: COAL will be traded as a cryptocurrency on popular digital asset exchange platforms following the launch of the Coalculus mainnet.
Token Details
- Token Type: Mainnet Token
- Symbol: COAL
- Total Token Supply: 10,000,000,000 COAL
- Token Distribution: After 2 Jan 2020
- Token Allocation: See Token Release Schedule
- Strategic Partner Token Sale Price: 0.05 USD
- Strategic Partner Sale Allocation: 20%
- Strategic Partner Vesting period:
10% released at the end of first month after listing
15% released at the end of second month after listing
20% released at the end of third month after listing
25% released at the end of fourth month after listing
30% released at the end of fifth month after listing
Token Allocation
The COAL Token allocation is aimed at ensuring an equitable distribution of the Coalculus network value is achieved and the goal is to incentivize every contributor to the growth of the platform including the team and our community. These rewards can, in turn, be used on the platform.
Token Release Schedule
Initial Coin Offering (ICO) and Initial Exchange Offering (IEO)
Coalculus will not be pursuing an ICO and/or IEO for COAL Token. This stance is aligned with our long term commitment to improve the overall sustainability of the Coalculus Ecosystem and it follows a utility-focused approach which will offer our users the best opportunity to assess our project’s utility before committing their networks, resources, or hard earned capital.
Thank you and best regards,
Team Coalculus
December 17, 2019