Tokenomics
This is a guideline of CITY tokenomics which will apply across all City tokens launched in the ecosystem.
CITIES Tokenomics:
CITY tokens are allocated in a structured manner for balanced distribution.
Emphasis is placed on supporting sales supply and token bonus.
Sale supply encourages broader accessibility and participation in the $CITY ecosystem.
5m Sales Round:
Total raised: $300k for 5mil tokens
Lowest price $0.03 based on:
- UNIT token price remaining constant ($0.50)
- total supply of 10m
- given all raised in UNIT($300k)
1m Bonus 10% token bonus bought go to user who invited, no crypto bonus
4m Bond Staking 40% bond staking rewards
CITY token's strength comes from being backed by cryptocurrencies like BTC, ETH, BNB, etc.
Buyers must use these cryptocurrencies to purchase the token, ensuring a diverse and strong support system.
Distribution Conditions for the Sale Supply:
CITY token's strength comes from being backed by cryptocurrencies like BTC, ETH, BNB, etc.
Buyers must use these cryptocurrencies to purchase the token, ensuring a diverse and strong support system.
To achieve this backing, 90% of all cryptocurrencies raised through $CITY token sales are securely locked into the $CITY treasury.
Key Features:
CITY token combines strong fundamentals, offering a distinctive asset in the cryptocurrency realm.
Immediate, Transparent, and Real Value: Backed crypto provides immediate, transparent, and tangible value to the $CITY token, ensuring a strong market presence.
Redemption Option for Holders: $CITY token holders can redeem backed crypto at any time by burning their tokens, offering a user-friendly redemption process.
Index of the Entire Crypto Economy: $CITY acts as an index representing the entire crypto economy, reflecting the broader crypto landscape.
Value Growth Mechanism: $CITY token grows in value continuously by receiving 0.5% of every exchange on the $CITY Network, ensuring its value appreciation.
Bond Staking Program:
Total allocation:
4,000,000 $CITY tokens are set aside as rewards for participants in the Bond Staking pool.
Incentive:
Users are encouraged to lock their $CITY tokens by receiving rewards in the form of $CITY tokens.
Distribution:
Over 10 years, 400,000 $CITY tokens are distributed annually.
Long-term commitment:
The program spans a decade, offering a sustained incentive for participants.
Halving mechanism:
After the initial 10 years, yearly halving reduces rewards until the supply is exhausted, ensuring a controlled distribution.
Opportunity:
Users can earn rewards while contributing to the stability and growth of the $CITY ecosystem.
Strategic distribution:
The extended duration and halving mechanism ensure a measured distribution of $CITY tokens.
Token Bonus:
Allocation:
1,000,000 $CITY tokens for Token bonuses.
Distribution:
Team members and Advisors receive bonuses based on their referrals' $CITY purchases from sale rounds.
Team Operational Bonuses:
Team members receive 20% of the USD sale value in $CITY as an operational bonus.
Advisor Operational Bonuses:
Advisors receive 10% of the sale value in $CITY as an operational bonus.
Incentive:
This structure encourages both Team members and Advisors to promote $CITY sales actively.
Tie to Success:
Bonuses are directly linked to the success of referrals in purchasing $CITY during sale rounds, promoting collaboration for the growth and success of the $CITY ecosystem.