Tokens for Early Adopters
From total 3 rounds, we allocate 10% of total supply for early backers 5% for early private-sale and 7% for early ICO participants (in combined: )
As a part of Innovative startup, we obviously need supports from fund management or angel investors. We already got supports from several tech companies (AWS, Azure, Nvidia, Skaleway, etc) in service/benefit support, but we still need supports for accelerating the adoptions and invite more investors. Thus, we will use several rounds of coin offerings before we list the token to the market.
The funds we're collecting from those rounds we'll be using for:
CEX listing fees
Hiring more great developers
Audits
Adding stable coin liquidity
Do marketing activity (ads, etc)
and other partnership activities.
Token Offering Details
Seeds
Seeds are allocated for angel investors and venture capitals who want to commit their fund earlier than anyone for development of Gitshock ecosystem. Seeds investors get the lowest price of GTFX token offering rounds. The details can be seen below.
| Stage | %/ max supply | Total GTFX offered | Price | Target Funding | Minimum Contributions | Distribution Chain |
|---|---|---|---|---|---|---|
Seeds | 10% | 105 M | 0.019 | USD 2 M | USD 100K | Neware |
Private | 5% | 52.5 M | 0.038 | USD 2 M | USD 50K | Neware |
ICO | 7% | 73.5 M | 0.044 | USD 3.2 M | ? | ETH and BNB |
Vesting Periods
| Funding Stage/Round | Cliffs (lockup periods) after TGE | Distributions |
|---|---|---|
Seeds | 12 months | 12 x distributions/24 months |
Private Sale | 8 months | 12 x distributions/24 months |
ICO | 0 months | 100% distributions after TGE |
*We decided to renew the lockup periods (cliffs) for Seeds and Private investors after some discussion with advisor and partners from 6 months cliffs (for seeds) into 12 months cliffs, and from 3 months cliffs (for private sales) to 8 months cliffs during 2 years of distributions.
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