The ICO Pre-sale of Greeny Tokens will start on 1st July. Those who are looking to participate in the Greeny Token pre-sale to buy tokens can read this article for details about token allocation.
About Greeny Token
Greeny Token is the native utility token for the Green Uni Network. It will fuel all services provided by platforms on the Green Uni Network. In other words, the Greeny Token can be used as a medium to pay for the various services and products within the network.
Token Name: Greeny Token
Type: Binance Smart Chain (BSC) token
Total Supply: 1 000 000 000
Maximum Tokens Offered to the public during ICO: 500 000 000 (50%)
Supply and Distribution
The total or maximum supply of Greeny Tokens is 1 billion. The funds raised from the sale of tokens in the ICO will be utilised in the following manner:
- 40% For core development of Greeny tokens
- 10% For operating, management and administrative expenses
- 40% For marketing, business development
- 10% Legal compliance
The Greeny token will have many utilities within the platform. It can be used as a means of payment to buy educational products and services on the Smart Student platform and on all our other platforms in the Green Uni network. In addition, the token works as a tool for receiving bonuses, discounts and other bonuses. It also gives the Right to Vote when discussing proposals and taking decisions for the development of the network. Last but not the least, it can be traded on the open market as a regular crypto token.
The Greeny token has been created with versatility in mind. The token’s utility will increase as the network expands in the future and holders will be able to use the token to pay for all the services and features that Green Uni Network and its partners will provide.
Allocation of Tokens
Out of the total supply of 1 billion Greeny Tokens, 50% will be reserved for ICO. That is, a maximum of 500 million Greeny Tokens will be up for sale in the ICO. If any tokens remain unsold from the ICO supply, the same will be burned.
The remaining 50% will be allocated as follows:
- 15% Future development
- 15% Team and advisors
- 5% Airdrops (gifts)
- 5% Charitable Fund
- 10% Tokens for retail sale after ICO
50% or 500 million Greeny tokens will be offered for sale during the ICO, which will be held in three phases - private sale, pre-sale and public sale. Unsold tokens, if any, will be burned (removed from the supply).
15% Greeny tokens will be dedicated for future development, including the development of the platforms and products based on future demands.
Another 15% will be reserved for the team and advisors of the Green Uni Network.
10% Tokens will be available for retail sale after ICO. These tokens may be listed on an exchange where interested people can buy them at the market price.
5% tokens are intended to be used for airdrops, i.e. promotional events, where participants will be paid with Greeny Tokens. (More details later)
The remaining 5% Greeny tokens will be kept in a separate Charitable Fund and utilised for charity causes and to help those in need.
To know about the Greeny Token and the Green Uni Network, visit https://greenuninet.eu/
Originally published at www.medium.com