Altcoins Talks - Cryptocurrency Forum
Archive => Promoted section that are no longer active => Next Moon => Topic started by: NextMoon on April 16, 2021, 12:07:01 PM
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We discussed this subject on Reddit :
https://www.reddit.com/r/NextMoonToken/comments/mjekbl/token_distribution_and_locking_team_tokens/
We have been asked to do a break down of the token ownership.
In addition to give our opinion on locking the marketing and development tokens and burn the contract owner tokens.
Let us start with a very important statement.
We view ourselves as a team with a project to deliver, and Not as a token to pump.
This means, these tokens that we have, we will need them for various needs, from paying people whom we work and cooperate with, to financing development projects to paying for marketing.
Our Project Ownership is as follows: (percentages based on initial launch)
Marketing Wallet : 15 % : 0x9287ce539960188010c6c9667dfb668772a1169f
Soft Development Wallet: 15% : 0xddf592e9858ea4bddf1967193938b72ff5762c4f
Deployer Wallet: 37.7% (initially 40%) : 0xe9740a88cc00095141dafdd2ea201906781c295c
Locking tokens ?
There are no plans to currently lock tokens, dev have considered the issue and even deployed a locker for testing. However the transaction limit to 1 billion token would prevent the locker from releasing the tokens when the lock time is over (sure there are way around this like developing a contract that releases 1 billion at a time but for now we are not going to work on developing and testing a new locker contract)
Thus the Marketing Wallet and Dev wallets are left with no BNB, and would not be used at this stage. They will be only used for late product development and marketing of product(s).
Burning the contract owner tokens?
No planned burns for these 37.7%.
Instead 15% of total , will go to another wallet, with a specific use case that we will announce in 2-3 weeks time.
This leaves the contract owner wallet with only 17.7% These tokens will be used for all the marketing needed to get the token off the ground and also for some early product dev. These tokens will be needed for partnerships, needed for listing costs, needed for 1000 other reason, thus not going to be burned.
Trust us or don't, does not matter
We have seen the way hundreds of tokens launch and then burn their tokens and then pump, till whales have enough and dump ...
No one says things should be like this.
I am sure company owners don't burn their shares after investors buy in, why should we do that with our tokens?
You don't trust us, no problem, don't invest.