Token Distribution
Last updated
Last updated
The concept of setting aside a portion of tokens for Onyx AI Ecosystem Development is a common and strategic practice. It ensures the long-term sustainability and expansion of the project. Here’s a detailed breakdown of how it works and why it’s important. Onyx AI Ecosystem Development refers to the allocation of a percentage of the token supply for activities that aim to develop, promote, and expand the network.
1. Development
Funding core protocol improvements, upgrades, and technical advancements.
Supporting third-party developers to build dApps, tools, and infrastructure.
2. Marketing
Campaigns to raise awareness and attract new users, businesses, and developers.
Partnerships with influencers, organizations, or institutions to increase adoption.
3. Community Initiatives
Incentivizing community engagement through rewards, bounties, and grants.
Supporting grassroots activities like hackathons, meetups, and education programs.
1. Accelerates Adoption
By funding marketing and community efforts, these tokens can attract more users, developers, and businesses to the ecosystem.
2. Encourages Innovation
Development grants incentivize developers to create innovative dApps or services that enhance the network’s utility.
3. Builds a Loyal Community
Community incentives, like staking rewards, encourage loyalty and active involvement.
4. Maintains Competitiveness
A dedicated fund ensures that the project can remain competitive against new entrants or evolving market demands.
Liquidity Pool
85% of the total supply was made available as circulating supply on Uniswap. Ensure robust liquidity for CEX/DEX trading pairs; these tokens can be utilized as necessary to maintain market stability
Team Token Allocation
5% team tokens reserved to the Onyx AI Team. This move is to Incentivize and retain team members and advisors crucial to Onyx AI’s success.
Ecosystem Development
10% reserved to the Ecosystem Development. This strategy not only drives the growth of the project but also creates a vibrant and sustainable ecosystem, ensuring that the token gains long-term utility and adoption.