GENNIX TOKENOMICS: VALUE AND ALLOCATION
Gennix will issue a token raise for its Governance Tokens ($GNNX). The purpose of the token is to be used as a store of value and means of payment, including, without limitation, goods and services, and to be used for various utilities within the Gennix ecosystem and its affiliated business partners.
As a $GNNX token buyer, you can use $GNNX to access the Gennix platform to:
$GNNX will run natively on the Binance Smart Chain with BEP-20 tokens. The total supply is 1 billion $GNNX and the distribution is shown in the below table:
$GNNX ALLOCATION
VESTING RULE
• Ecosystem: It will be locked from 1 year to 3 years depends on each term of lending pools
• Team & Advisors: It will be locked for 3 years, and unlocked 50% in the 4th year and 50% in the 5th year
• Seed Funding and Initial Development, Exclusive Sale, Private Sale, and Reserve for Future Sale: It will be unlocked 8% in the 1st month, and unlocked 4% each month during the 2nd-24th months with total vesting in 24 months.
• Promotion & Referral: It is 100% unlocked.
• Liquidity: It is 100% unlocked.
1ST ROUND EXCLUSIVE SALE FOR GEN HOLDERS
The first-round sale will be scheduled for Q3-2021. In the first round, there are 50 million GEN tokens offered for $GNNX token holders. The $GNNX token is issued at $0.02 on a first-come, first-served basis.
At first, $GNNX tokens will be unlocked 8% in the 1st month and unlocked 4% each month during the 2nd-24th months with total vesting in 24 months. $GNNX tokens will be listed on Binance Smart Chain via Pancake Swap in 2021, unlocking users’ demand for $GNNX. $GNNX will be the backbone of the growing Gennix ecosystem.
2ND ROUND PRIVATE SALE
The second-round sale will be scheduled for Q4 of 2021/Q1 of 2022. In the second round, there are 100 million $GNNX tokens offered for private investors. The GEN token is issued at $0.03 on a first-come, first-served basis. $GNNX tokens will be unlocked 8% in the 1st month and unlocked 4% each month among 2nd-24th months with total vesting in 24 months.
FUND USAGES
• 45% of the funds will be used for the product development of building the platform and performing upgrades to the system, which includes team recruiting, training, and the development budget.
• 35% will be used for Gennix strategic partnership, branding, and marketing, including continuous promotion and education of the $GNNX community and investment in blockchain innovations.
• 20% will be kept in liquidity to cope with any emergency or unexpected situations that might come up.
CIRCULATION SUPPLY SCHEDULE
This 5-year chart intends to help the $GNNX community understand how $GNNX tokens will be distributed at the launch of the Gennix ecosystem and throughout its lifecycle:
