Tokenomics
Glory (GLR) is a Fair Launched Community token that serves as the backbone of the GloryFinance Ecosystem.
Token Name | Glory |
Token Ticker | GLR |
Token Type | BEP20 |
Contract Address | 0x1fc71fE3e333d5262828f3d348C12c7E52306B8A |
Max Supply | 150,000,000 |
Initial Total Supply | 10,000,000 Token |
Initial Current Circulating Supply | 500,000 Token (Max) |
Initial Current Market Cap | $50k - $500k |
Note that the Initial total supply, circulating supply and thus Market Cap will depend on the amount of ICO token sold. The total ICO token allocation is not fully minted at the start and will be only minted if necessary.
Unsold tokens in ICO will be burnt.
Initial Total supply details:
| Allocation | Amount |
|---|---|
ICO | 1,000,000 (Starting allocation) |
Company reserve & Marketing funds. | 8,000,000 (Starting allocation) |
Liquidity | 1,000,000 (Starting allocation) |
The total token allocation for the ICO will be minted if necessary. Else, it will be added to the community token allocation. The total allocation for Company reserve & Liquidity will be minted over time and subject to governance.
Token Distribution
Community | 105,000,000 (70%) |
Company reserve | 11,250,000 (7.5%) |
Liquidity | 3,375,000 (2.25%) |
ICO | 15,000,000 (10%) |
Team Token | 15,000,000 (10%) |
Airdrop | 375,000 (0.25%) |
Details
Team token: The team tokens will only be minted after 1 year from the listing day and then locked for another year making the total vesting period 2 years.
Community token: The community tokens will be minted through staking/farming rewards and referrals.
Company reserve: The company reserve token will serve as the project development and marketing funds. The tokens will be locked for 6 months from the listing day and then will be subject to a Governance vote for usage. The total allocation will be minted over time.
Airdrop: The initial Launch Airdrop
ICO: The tokens reserved for the initial coin offering of GloryFinance. The unsold token from ICO will be burned. 1,000,000 tokens will be minted for the ICO as a start. The remaining tokens will be only minted if necessary.
Liquidity: The tokens are reserved for Liquidity injection. The total allocation will be minted over time.
Vesting Schedule
Company reserve/Marketing | Locked for 6 months. Then subject to Governance. |
Liquidity | Locked for 6 months. Then subject to Governance. |
Team Token | Locked for 2 year |
ICO | Unlocked, sold or burned. Vesting depends on round. |
Airdrop | Unlocked, Distributed |
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