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.
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. In its inception, the CTND token will have three simple use cases:
- Getting access to guaranteed allocations for all winning projects in the projects’ Stakers’ pool via staking CTND tokens in the platform
- Taking part in the platform future governance and progressive decentralization efforts
- 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): Late June 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 pools:
- 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.
- CTND Public sale + Quest rewards — 20,000,000 CTND (20% of total supply | 20% of pool unlocked on TDE, rest 6 months vesting): will be used to activate the community pre-launch and for Public sale contributors.
- CTND Community sale — 5,000,000 CTND (5% of total supply | 20% of pool unlocked on TDE, rest 6 months vesting): used for the early Community Sale contributors prior to to the token launch.
- Platform reserve — 20,000,000 CTND (20% of total supply | 20% of pool unlocked on TDE, 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 and 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 CTND COMMUNITY SALE
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 early May 2024. More details will be announced in the next few weeks!
*CITIZENS, RESIDENTS (TAX OR OTHERWISE) OR GREEN CARD HOLDERS OF THE UNITED STATES OF AMERICA, AND RESIDENTS OF GERMANY, ITALY, 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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