What is $WALLET token and how will it be distributed?
The purpose of $WALLET is to be used for rewarding Ambire Wallet users and to enable governance. Initially, it will be launched on Ethereum but we plan to bridge it to Polygon and BSC later on.
The WALLET token supply is 1 billion and it will be distributed as follows:
- 12.7% to the early backers with 1 year linear vesting (linear = more tokens are unlocked with every new block, and recipients can claim the token manually when they want to)
- 10% to the team on a merit basis, with 3 year linear vesting; allocations to team members are distributed as long as the given person is part of the team - if they leave, they lose the remainder
- 10% to ADX stakers; as a way of involving the AdEx community and promoting Ambire to the community, distributed over 18 months as additional staking rewards; this staking reward is locked (distributed in xWALLET and received only in the Wallet itself)
- 30% allocation for early users and stakers, distributed over 4 years (early user continuous airdrop)
- 35.5% allocation to the DAO
- 0.6% for initial liquidity on Huobi Primelist, 1% for marketing activities and 0.2% for market making
How can I buy/trade/claim $WALLET tokens?
Currently the $WALLET token is listed and tradable on a number of crypto exchanges, which can be found here.
How does all of this look like in terms of dates and actual numbers?
- Ambire Wallet launch date: December 16, 2021
- Early user continuous airdrop rewards start: December 16 2021 (lasting 4 years)
- Early users continuous airdrop - daily unlock: 205,479.45 $WALLET (total of 300,000,000.00 $WALLET)
- ADX stakers rewards start: December 16, 2021 (lasting 18 months)
- ADX stakers - daily unlock: 183,486.24 xWALLET (total of 100,000,000.00 xWALLET)
- $WALLET token launch date: January 29, 2022
- $WALLET token contract address: 0x88800092ff476844f74dc2fc427974bbee2794ae
- Initial auction and market making: January 29, 2022
- Initial auction token sale: 6,000,000.00 (0.6% of max supply) on Primelist
- Tokens for market making: 2,000,000.00 (0.2% of max supply)
- Early supporters (seed round) tokens sold: 127,000,000.00
- Early supporters vesting start: January 31, 2022 (1 year linear vesting)
- Early supporters - daily unlock: 347,945.21
- Claim: 20% of your early user rewards and/or ADX staking bonus in $WALLET can be Rewards can be claimed starting on February 1 2022, to ensure price stability of the token. Full amount will be available for claim a week latter.