What is the distribution model of Metadium (META) coins?

The public sale of META coins raised $60 million through the sale of 300 million coins, representing 50% of the initial token distribution.

Jan 02, 2025 at 11:50 am

Key Points

• Initial Token Distribution
• Token Distribution for Public Sale
• Token Distribution for Private Sale
• Token Distribution for Partners
• Token Distribution for Team and Advisors

Initial Token Distribution

The initial distribution of META coins occurred during the ICO in 2018. The ICO raised a total of $60 million through the sale of 600 million META coins. Of these coins, 50% were distributed to public sale participants, 30% were allocated for private sale, 15% were reserved for partners, and 5% were allocated to the team and advisors.

Token Distribution for Public Sale

The public sale of META coins was conducted through a Dutch auction system. This system allowed participants to bid on the price they were willing to pay for the coins. The final clearing price for the public sale was determined by the highest bid that received enough support to meet the offering size. A total of 300 million META coins were sold in the public sale.

Token Distribution for Private Sale

The private sale of META coins was conducted through a series of private placements to accredited investors. These investors were subject to KYC and AML checks before they were allowed to participate in the sale. A total of 180 million META coins were sold in the private sale.

Token Distribution for Partners

META coins were also distributed to a number of partners. These partners were given coins in exchange for their support and promotion of the Metadium platform. A total of 90 million META coins were allocated to partners.

Token Distribution for Team and Advisors

The final 30 million META coins were reserved for the team and advisors. These coins were given to the team members in exchange for their hard work and dedication to the project.

FAQs

• How many META coins are in circulation?

As of January 2023, there are approximately 420 million META coins in circulation.

• What is the vesting period for the team and advisors?

The team and advisors have a 12-month vesting period for their META coins. This means that they cannot sell their coins until they have been with the project for at least 12 months.

• Can I still buy META coins?

Yes, META coins are still available for purchase on a number of cryptocurrency exchanges.