Archethic Token Distribution
Uniris will soon deliver its ERC20 token (UCO) and should be listed on IEO platform in few weeks. So it’s important that prospective participants understand the basics of the our distribution.
Archethic's cryptocurrency -UCO standing for UCO: Universal Coin - will be created soon as a ERC20 token with 10 Billion total supply. This "temporary" ERC20 will be available until our MainNet and after that the tokens will be frozen/locked and we will provide a swap to the Archethic's native token.
Meanwhile, UCO tokens will be distributed into 9 pools:
- public sale (30%) :
We decided to use IEOs to make our public crowd-sale due to the marketing advantages and strike force from exchange platforms to bring and attract investors. These tokens will be in the fully circulating supply.
- private sale (8.2%):
For early investors, according to the amount provided, tokens will be vested on different timeline and scheduling through a linear token release from the beginning of the public sale
- deliverables (23.6%):
These tokens are used to reward or mark milestone achivement while its supply is designed for the mainnet and for a global incentive, 10% of the token supply (2.3%) will be unlocked and available before the MainNet.
- network pool (14.6%):
To remunerate the network from oracles, beacons, prediction, storages, etc. and to create incentive for miners to set a node in a geographical area, "Network Pool" tokens will be used.
Before the MainNet, these tokens will be locked.
- enhancement (9%):
To develop new use cases but with additional constraint for instance if the token value increase by 100, these tokens could be used. Before the mainent, they will remain locked.
- team (5.6%)
To create value and also be used as required Uniris will allocated some tokens to the team even before MainNet, 10% of these tokens will be available. The rest will be locked and available once the network is live. In addition to the deliverable tokens and to create fairness in its inner circle, these tokens could be used when some achievements will be made by the team.
These tokens will also be vested.
- exchanges (3.4%):
To provide a wide listing on exchange platforms and be able to apply to IEO, a port of the token supply is allocated for exchanges.
Note than it will be no-reused of the unused tokens.
- marketing (3.4%):
For any marketing campaign, bounty and airdrop, these tokens will be used and will be vested, including advisors remuneration.
- foundation (2.2%):
Archethic public network will served under the foundation advisory and these tokens are here to setup it and to provide resources to gather community such as: create events (i.e. hackathon), manage governance and votes.
All of this distribution will be split into different accounts under multi-signature to ensure the trust and security from any transfers. (for instance Gnosis MultisigWallet)
Code source of our token is available here: https://github.com/uniris/erc20
Archethic Public Blockchain
Archethic is a Layer 1 aiming to create a new Decentralized Internet.
Its blockchain infrastructure is the most scalable, secure & energy-efficient solution on the market thanks to the implementation of a new consensus: "ARCH".
Archethic smart contracts expand developers' boundaries by introducing internal oracle, time-triggers, editable content & interpreted language.
Through native integration for DeFi, NFTs & decentralized identity; Archethic offers an inclusive and interoperable ecosystem for all blockchains.
In order to achieve the long-term vision of an autonomous network in the hands of the world population, we developed a biometric device respecting personal data privacy (GDPR compliant).
Making the blockchain world accessible with the tip of a finger. Be the only key! https://www.archethic.net/
Archethic Foundation Non-profit in order to manage decentralized governance of the public blockchain
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