Token Unlock
The distribution of the unlocked tokens will be based on a proportional system, meaning that the more Travengeon tokens a holder has, the more tokens they will receive from the distribution.
Proportional Distribution System:
Unlocked tokens will be distributed proportionally, rewarding holders based on their Travengeon token holdings. This ensures a fair and inclusive distribution.
Unlocking 40% of Token Supply:
A significant portion, 40% of Travengeon token supply, will be unlocked on Feb. 14, 2025. This move is aimed at enhancing liquidity, accessibility, and overall vitality of the Travengeon NFT ecosystem.
Distribution to Current Holders:
2% to 6% of the unlocked tokens will be distributed to current holders based on their holdings. This incentivizes long-term commitment and active participation in the Travengeon community.
Allocation for Platform Development (10%):
10% of the unlocked tokens will be allocated to platform development. This strategic investment ensures that Travengeon NFT remains at the forefront of innovation, attracting more users and investors.
Community Development Initiatives (4%):
4% of the unlocked tokens will be directed towards community development initiatives, including NFT giveaways and community-driven events. This demonstrates a commitment to building a vibrant and engaged user community.
Locking 5% of total supply for Long-Term Stability (Until Dec 8, 2027): Ecosystem Future Initiatives and Reserve: 5,000,000 tokens (5% of total supply)
The remaining 5% of unlocked tokens will be locked for the next three years, reinforcing the stability and security of the Travengeon NFT ecosystem. This instills confidence in the long-term sustainability of the platform.
Rewarding Contribution and Fostering Equity:
The proportional distribution system is designed to reward those who have contributed significantly to the Travengeon NFT ecosystem, while ensuring all holders receive value. This approach promotes a fair and equitable distribution of newly unlocked tokens.
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