Introducing AFKDAO token updates
Introducing AFKDAO token updates, a piece of brief information about AFKDAO token usage and function, supply as well as distribution information.
Despite the challenging market condition, the AFKDAO team is still pushing the project as per the roadmap. In addition, as the IDO and its launch are right at the corner, AFKDAO would like to announce the latest update about tokenomics that everyone is looking forward to.
Here are some highlights of the tokenomics adjustment:
- The Treasury is now 23.78% of the total supply, with an over 4 years vesting schedule (0.114% each month). No TGE release.
- The Ecosystem is now 47% of the total supply with an over 4 years vesting schedule (0.169% each month).
- The Investors have been reduced to 11.22% with 3.86% in Seed, 6.55% in Private, and 0.81% in Public Sale respectively.
- 25% of Public sales (0.2025% of total allocation) will be released upon TGE.
- The airdrop release upon TGE is 0.1%
- The team and advisor vesting remains the same
Furthermore, with all the adjustments, AFKDAO ensures that the $AFK is sustainable and that the initial market cap aligns with the current market situation. With more BUIDL and exciting partnerships coming on board, together they are making AFKDAO a unique and robust NFT rental ecosystem.
Through the DAO governance, the community will be able to decide the portfolio games, admit guilds, and treasury strategies for the best interest of the DAO, creating the strongest and the largest player syndicate in the play-to-earn space.
ABOUT AFKDAO
AFKDAO is a decentralized protocol that boosts the buildup of play-to-earn economies. It provides potential investors with an easy gateway to access investment opportunities in gaming and metaverse projects. Through initial game-asset offerings and automated play-to-earn strategies. Bringing gaming projects, guilds, as well as players together from the commencement of a project.
RESOURCES
Medium
