This is a dedicated Medium post to outline our token supply distribution, releasing schedule and sales process to answer the frequently asked questions from the community. We will also continuously update this post to reflect our most recent circulating supply of tokens.
Token Sale Rounds
- Seed Sale was completed in April 2018 for ETH at a rate of 76,000 CELR = 1 ETH and raised a total of 15130 ETH (~$7,475,000) at ~$0.0065 per token, selling 11.5% of total token supply.
- Private Sale was completed in August 2018 for ETH at a rate of 31400 CELR = 1 ETH and raised a total of 49363 ETH (~$23,250,000) at ~$0.0150 per token, selling 15.5% of total token supply.
- Binance Launchpad sale has been conducted on March 19, 2019 CELR for a total raise of ~$4,000,000 USD worth of BNB at ~$0.0067 per token for 6.0% of total token supply.
Token Supply Distribution and Releasing Schedule:
- Launchpad sale tokens comprise 6.0% of total supply, release 100% on token generation event.
- Private sale tokens comprise 15.5% of total supply, releasing 2/3 on token generation event and 1/6 for the following two months. Private sale tokens are fully unlocked as of now.
- Seed sale tokens comprise 11.5% of total supply, releasing 10% on token generation event and 10% every following month for 9 more months.
- Team tokens comprise 18.3% of total supply, release monthly over 2 years starting 3 months from the token generation event.
- Advisors tokens comprise 1.7% of total supply, release monthly over 2 years starting 3 months from the token generation event.
- Foundation tokens comprise 17% of total supply, release monthly over 2 years starting 3 months from the token generation event, 1% out of the 17% tokens are forever locked.
- Marketing & Ecosystem tokens comprise 5.0% of total supply, release 50% on token generation event and 10% for each 3 months following that.
- Mining Rewards tokens comprise 25% of total supply, release will only happen after cEconomy launch. Exact schedule is to be determined by the final mining schedule, tentatively planned for 8 years.
Current Circulating Supply
- 36.55% current circulating supply as of Sep 19th.
Thank you,
Celer Network Team
06/17/2019
