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What is the distribution model of OX Coin (OX) coins?
OX Coin (OX) token distribution ensures fair distribution of 80% through ICO, 10% through private sale, and 10% reserved for community initiatives.
Dec 20, 2024 at 09:50 am
Key Points:
- OX Coin (OX) is distributed through a combination of initial coin offering (ICO), private sale, and community distribution.
- The majority of OX coins (80%) were sold during the ICO.
- The remaining 20% of OX coins are allocated to the OX team, advisors, and community development.
- The distribution model is designed to ensure a fair and equitable distribution of OX coins.
Distribution Model
The distribution of OX Coin (OX) coins is designed to achieve the following objectives:
- Raise funds to support the development of the OX project.
- Attract a diverse group of investors to support the project's long-term growth.
- Distribute OX coins fairly to all participants in the ecosystem.
Here is a breakdown of the OX coin distribution model:
- ICO (80%): 80% of OX coins were sold during an ICO held in November 2017. The ICO raised $25 million USD.
- Private Sale (10%): 10% of OX coins were sold during a private sale conducted in the months leading up to the ICO. The private sale was primarily used to raise funds from strategic investors and early supporters of the project.
- Community Distribution (10%): 10% of OX coins were reserved for community distribution. This allocation will be used to support community projects and initiatives and to reward users of the OX platform.
The OX Foundation is led by experienced and dedicated blockchain professionals. Some notable members include:
- Will Warren: Warren is a serial entrepreneur and angel investor who has founded several successful companies in the tech industry.
- Zennon Kapron: Kapron is a blockchain expert and author who has written extensively about the potential of blockchain technology to revolutionize the world.
- Alexsis Wintrich: Wintrich is a lawyer and public policy expert who has worked on a variety of blockchain-related projects.
FAQs Q: What is the tokenomics of OX Coin (OX)?
A: OX Coin (OX) is a utility token that is used to pay for services on the OX platform. OX coins can also be used to stake the OX Network nodes that verify transactions on the blockchain and earn rewards.
Q: What is the total supply of OX Coin (OX)?
A: The total supply of OX Coin (OX) is 100 million coins.
Q: What are the use cases for OX Coin (OX)?
A: OX Coin (OX) is used to:
- Pay for services on the OX Platform
- Stake OX NetworkNodes
- Earn rewards for contributing to the OX ecosystem
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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