Token Details
Token: Distribution, Allocation and Tokenomics
🧱 The Saxum Token Description
Token Name: SAXUM Token
Token Symbol: SXM
Total Supply: 1 Billion
Token Decimal: 18
Token Type: BEP20
Blockchain: BSC
Saxum Contract Address: 0x9d58f6a77A2f92261D75b41743f657Ade3399E3F
Token Allocation
1 Billion SXM have been minted at the genesis and will become accessible over 5 years. The initial five-year allocation is as follows:
30% to Treasury lock for a fix 5 years duration.
At the end of the 5th year, the treasury is subjected to burn or preview for distribution by the community governance team.
40% to Saxumdao community members 400,000,000 SXM
25% Liquidity pool farming
25% Staking pool
40% CEXs listing a minimum of 3 CEXs yearly
5% Dexs listing a minimum of 1 DEX yearly
5% CEXs Competition.
15% to Team Members and future employees with 5-year vesting of 150,000,000 SXM
9% to Investors with 5-year vesting 90,000,000 SXM
1% to Advisors with 5-year vesting 10,000,000 SXM
1% to Airdrop with 5-year vesting 10,000,000 SXM
1% to Community Reward with 5-year vesting of 10,000,000 SXM
3% to Marketing with 5-year vesting of 30,000,000 SXM .
Token Utility:
The SAXUM token will be used as the native currency for transactions and fees within the SAXUM platform.
SAXUM tokens will be required to access premium features and services on the platform.
SAXUM token holders will be eligible for stake rewards and voting rights for platform governance.
Token Economics:
Token sale price during the IEO/ IDO: $0.08 per SXM token
The team and marketing token will be subject to a vesting schedule to prevent excessive selling of tokens and promote long-term commitment to the project.
Token holders who stake their tokens on the Saxum platform will receive rewards in the form of additional Saxum tokens or other rewards, such as discounts on fees or access to premium features.
The token allocated for the competition will be gradually released via the CEXs platform on timely promotion bases.
Overall, this tokenomics model aims to balance incentivizing participation in the Saxum platform while promoting token value appreciation through a token vesting schedule and staking rewards.
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