Token Sale, Funding & Dates
Token Sale and Funding
The total issuance of the $CVEX token will be 10,000,000.
| Allocation | Token Allocation | Token Value | Timeline | Comments |
|---|---|---|---|---|
Pre-Seed | 11.3% | - | Summer 2023 | Already closed |
Seed | 11.4% | $3.50 | Open | - |
Public Sale | 3.3% | ~$4.50 (target) | Q2/Q3 2024 | Public sale is provisional only |
Founding Team | 15.0% | - | - | - |
Strategic Partners | 15.0% | - | - | - |
Advisor Pool | 3.0% | - | - | - |
Reserve | 40.9% | - | - | - |
The Founding Team vesting: tokens unlock after 2 years and vest linearly over 24 months. The founding team is bound to a longer lock-up than any other group.
The Reserve is held for liquidity incentives, market maker incentives, affiliate rewards, market and community building (using the most popular marketing approaches in crypto) and a reserve pool for future cost and development.
The seed round is currently open, serious interested parties are welcome to reach out for further information.
Public sale
A public sale will take place shortly before the go-live of the platform. This is anticipated to be well above the seed round. Details will be disclosed before.
The token will be initially listed on DEX platforms before a centralised exchange listing is considered. The token TGE event will be around the time of the go-live but this is TBC and will only be communicated when we are assured it will succeed.
Dates
The project has been under construction since March 2023.
A testnet to show the front end is due Q1.
Seed Funding Round to be completed by Feb 24.
Futures go-live, scheduled Summer 24.
Options go-live, scheduled Autumn 24.
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