Hey, Hey fellas.
I keep on speaking about Elrond Network here and today want to speak about their token model and what can we expect. Think that you know, that token economy is extremely important when we speak about profit from investments.
Elrond Network has ERD token, based on Ethereum, according to the roadmap at the 2cnd quarter of 2019 there will be a swap. In general, the token economy seems reasonable, as everything in the project.
Basically, ERD is not a token this is a coin.
Total supply of ERD is 20.000.000.000, hardcap is limited to 4,750,000 $ and 40% of all ERD to be sold during the token sale.
Here are metrics of token distribution:
Company reserve - 15%
Private seed round - 15%
Public ICO - 25%
Staking tokens - 5%
Future round - 5%
Maiar rewards - 7% (read like community rewards)
Grants/Accelerator pool - 3%
Community fund - 2%
Advisors - 3%
Team - 19%
Company reserve - 15%
The token distribution is rather wise, I`d say that 9% of tokens to be given to the community is pretty much but it always depends of the community.
What I really like is the percent of tokens that are allocated to advisors, as advisors usually affect the price in negative way.
Team has 19% and they would be unlocked only in 3 years. If I am not mistaken the model is like 10% after 3 month, 10% after 6, 30% after 24 months and 50% after 3 years. It is a lot but again, good that Elrond is ready for long run.
The probably minus of that economy is that there are only 4% of tokens are allocated for grants, I suppose that most of the reserved tokens would go for this, as Elrond is pretty strong project and no doubts that it would have strong partners.
That's it for today, stay tuned, visit Elrond website for more information (https://elrond.com/) and always make your own research.
materials were used from:
https://cryptosherlock.club, https://elrond.com/