Update on Circulating Supply

Dear Xank community,

I want to first of all thank you for your continued support in our project. Following the launch of our cashback service, I took the time to reflect on what we’ve accomplished thus far and look forward to how much more we have planned for the future.

Today, I want to touch upon the topic of Xank’s token supply. Since we’ve had some new developments in the past several months, I wanted to give our community an update on the circulating supply. Our circulating supply is based off of Coinmarketcap’s definition of “circulating supply” as outlined in their FAQ.

Coinmarketcap FAQ: https://coinmarketcap.com/faq/

Circulating Supply Token Breakdown

  • Airdrops and A-IEO unlocked tokens: 650,000 tokens
  • Marketing, listing, and community events: 100,000 tokens
  • Exchange liquidity: 1,600,000 tokens
  • Foblgate A-IEO lockup (account frozen until October unlock): 580,000 tokens
  • Private and public staking: 1,660,000 tokens
  • Total circulating supply: 4,590,000 tokens

Future Token Release

  • Cashback rewards and bonuses (starting from cashback launch)
  • Staking (ongoing)
  • Future exchange liquidity
  • A-IEO and private sale unlock (starting from October 1, 2020)
  • Team and advisors (starting from April 1, 2021)
  • Partnerships and marketing

See here (https://xank.io/blog/xank-token-distribution-and-lockup-schedule/) for more details on token lockup schedule.

I want to assure you personally that the Xank team is committed to transparency and to the long-term success of our token and ecosystem. We will also do our best to give you more frequent updates on the circulating supply as tokens are gradually released.

Thank you.

101

Creator & Chief Scientist @XankMoney. Founder @Hycom & @Hycare. Entrepreneur. Developer. Designer. Writer. Blockchainist. Kosdaq IPO. https://ryuhyun.kim/

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