IVRY token
Connecting African Businesses and DEFI
The $IVRY utility token is used to incentivise the ivorypay ecosystem.
$IVRY Utility
Use $IVRY tokens for payments and transaction fees within our entire product ecosystem, incentivising merchants and consumers to adopt $IVRY for payments.
Tokenomics
Pre-seed (round closed)
-
8%
Private sale
-
8%
Public sale
-
3%
Reserves
-
15%
Team & Founders
-
15%
Rewards
-
11%
Community
-
10%
Ecosystem & growth
-
10%
Advisors & Partners
-
10%
Liquidity & Listing
-
10%
Token Release Schedule
8% of the token will be used in Pre-seed. 10% initial unlock at TGE. 15% every quarter for Distributions 2 to 6, 20% at Distributions 7.
8% of the token will be used in Private sale. 10% initial unlock at TGE. 20% every quarter for Distributions 2 & 3, then 25% for Distributions 4 & 5.
3% is allocated for public sale. 15% initial unlock at TGE. 10% monthly for Distributions 2 to 9, 5% at Distribution 10.
15% will be kept in reserve. 36-month vesting period with quarterly releases.
15% is allocated to the Team & founders. 10% unlocked 12 months post-TGE, then 15% quarterly for distributions 2 to 7.
11% of the token will be used for the rewards. 18% at distribution 2, 20% quarterly at distribution 3 to 6.
10% will be allocated for community & marketing. Distributed evenly over 24 months.
10% will allocated for the ecosystem growth fund. Gradual release over 36 months.
10% is allocated to advisors & partners. 10% unlocked 12 months after TGE, 15% quarterly at distribution 2 to 7.
10% will be used to provide initial liquidity on exchanges + liquidity incentives and 100% unlocked 6 months after TGE
The total $IVRY supply amounts to 800 million tokens
Burn mechanism
A fixed percentage of transaction fees generated from Ivorypay services paid in IVRY tokens will be burned. This will link the burn rate to ecosystem activity, ensuring that as transactions increase, more tokens are burned, promoting a deflationary token economy
