Introducing the CTND Token and Announcing the citizend Community Sale

April 12, 2024
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2
 min read

CTND is the token powering the citizend platform. Read below to learn more about use cases, token allocation, and citizend’s community sale.

Please notice all details below are preliminary and may be subject to change prior to the token launch based on the discretion of the citizend team.

More details were recently announced here.

CITIZEND COMMUNITY SALE OVERVIEW

CTND USE CASES

The CTND token is built to maximize utility for the citizend community and align incentives across all stakeholders who support citizend. As a utility token, it may be used for various purposes in the citizend ecosystem. The CTND token will have three simple use cases:

  1. Getting access to guaranteed allocations for all winning projects in the projects’ Stakers’ Share via staking CTND tokens in the platform
  2. Taking part in the platform future governance and progressive decentralization efforts
  3. Providing liquidity to projects launching tokens in citizend

CTND TOKEN ALLOCATION

  • Total token supply (fixed): 100,000,000 CTND
  • Network: Ethereum (ERC-20)
  • Target Launch Date (TDE): Early Q3 2024

Citizend proves its commitment to the community by allocating 55% of the total CTND tokens to community members. CTND token is distributed across 6 groups:

  • Ecosystem development — 30,000,000 CTND (30% of total supply | 72 months vesting): reserved for post-launch rewards and to activate the platform’s economy. Will be progressively decentralized and managed by the citizend DAO.
  • Airdrop & Rewards — 5,000,000 CTND (5% of total supply | 20% unlocked on TGE, rest 6 months vesting): used for individuals that provide support and back the project prior to network launch.
  • CTND Community and Public sales- 20,000,000 CTND (20% of total supply | 20% unlocked on TGE, rest 6 months vesting): will be distributed to Community and Public sale contributors.
  • Platform reserve — 20,000,000 CTND (20% of total supply | 20% unlocked on TGE, rest 72 months vesting): the reserve is the main treasury of citizend to carry on and fund operations once the platform is live.
  • Private sales & advisors — 7,500,000 CTND (7.5% of total supply | Seed round: 3 months lock-up + 36 months vesting): allocated to early private investors in the project, advisors and KOLs.
  • Team & Building partners — 17,500,000 CTND (17.5% of total supply | Team: 6 months lock-up, 36 months vesting; Building partners: 6 months lock up, 48 months vesting): allocated to the early project team contributors and the initial building partners: Outlier ventures, Fractal ID, Subvisual and Unique Network.

ANNOUNCING THE CTND COMMUNITY SALE

The citizend platform offers projects the opportunity to collect both community contributions and conduct public token launches in a secure, transparent and compliant way. To showcase the platform’s functionalities, we are happy to announce that CTND will be the first Community sale to launch in citizend.

The CTND Community sale is targeted to take place in the citizend platform in May 10 2024. More details were recently announced here.

*CITIZENS, RESIDENTS (TAX OR OTHERWISE) OR GREEN CARD HOLDERS OF THE UNITED STATES OF AMERICA, AND RESIDENTS OR CITIZENS OF THE UNITED KINGDOM, THE BRITISH VIRGIN ISLANDS, CAYMAN ISLANDS, NORTH KOREA, IRAN, RUSSIA, VENEZUELA AND CANADA ARE NOT ELIGIBLE TO PARTICIPATE IN CITIZEND’S COMMUNITY SALE.

Terms & Conditions can be found here.

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