IVRY token
Connecting African Businesses and DEFI
The $IVRY utility token is used to incentivise the ivorypay ecosystem.
$IVRY Utility
Staking
Merchants who hold $IVRY can stake it to earn more tokens.
Free Minting
Merchants who hold a certain amount of $IVRY will be eligible to mint NFTs for free on our NFT storefront.
Access to Defi Loans
Merchants who hold and have accepted a certain amount of payment in $IVRY will be eligible to apply for defi loans.
Tokenomics
Reward pool
-
38%
Private
-
15%
Team
-
12%
Public
-
10%
Reserves
-
10%
Pre-seed
-
5%
Advisors
-
5%
Liquidity & Listing
-
5%
Token Release Schedule
38% of the token will be used for the reward pool. 2% will be unlocked at TGE, 18% at distribution 2, 20% at distribution 3,4,5,6 (quarterly distribution after TGE)`
15% will be sold in private sale. 10% unlocked at listing, 20% at distribution 2, 3, 25% at distribution 4, 5 (quarterly distribution after TGE)
12% is allocated to the team. 10% unlocked 12 months after TGE, 15% at distribution 2,3,4,5,6,7 (quarterly distribution after TGE)
10% will be sold in public sale. 15% unlocked at listing, 10% at distribution 2,3,4,5,6,7,8,9, 5% at distribution 10 (monthly distribution)
10% will be kept in reserve. 10% unlocked 12 months after TGE, 15% at distribution 2,3,4,5,6,7 (quarterly distribution after TGE)
5% will be sold in pre-seed. 5% unlocked at listing, 15% at distribution 2,3,4,5,6, 20% at distribution 7 (quarterly distribution after TGE)
5% is allocated to advisors. 10% unlocked 12 months after TGE, 15% at distribution 2,3,4,5,6,7 (quarterly distribution after TGE)
5% will be used to provide initial liquidity on exchanges + liquidity incentives and unlocked 6 months after TGE
The total $IVRY supply amounts to 800 million tokens and will be slowly released over the course of 18 months.
Solana network
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