⛓️Blockchain Economy

COG Token details

COG Token

COG is the fungible Blockchain token of the platform, built to SPL standard.

COG token have 4 main goals:

1. Play: Used to play PvP battles, upgrade and purchase NFT on the Circle of Games network.

2. Reward: To reward players for their engagement on the COG app.

3. Staking: To encourage players to be part of the community for a longer duration, access to special lobbies, features and air drops.

4. Governance: To decentralize the governance of the COG token and encourage the community to vote on decisions.

Token Allocation & Unlock Schedule

Token Type	% of Supply	# of Tokens
Games, Community & Ecosystem Rewards	30%	600,000,000
COG Team	16%	320,000,000
COG Advisors	5%	100,000,000
Marketing	5%	100,000,000
Pre-Seed Round	7.5%	150,000,000
Seed Round	10%	200,000,000
Private Round - 1	5.25%	105,000,000
Private Round - 2	5%	100,000,000
Public Round	1.67%	33,333,333
Treasury	11.58%	231,666,667
Liquidity & Market Making	3%	60,000,000
Total Amount	100%	2,000,000,000

Games, Community & Ecosystem Rewards:

• This is 30% of the total COG token supply which is 600,000,000 tokens.

• This amount will be used across the app for the game rewards, leaderboard rewards, daily login rewards, Airdrops, etc.

COG Team & Advisors:

• This is 21% of the total COG token supply which is 420,000,000 tokens.

• This amount is allocated:

  • To the COG team building the COG platform

    • To keep the COG team incentivized to continue building after a successful token sale.

    • Serves as a way for the COG team to raise funds over time to fund further development of the platform and games.

  • To the advisors that are key to driving Circle of Games project.

    • This amount can also be used to build partnerships with centralized exchanges in which COG token will list.

Marketing:

• This is 5% of the total COG token supply which is 100,000,000 tokens.

• This amount will be used to drive and run marketing campaigns to drive traffic on the COG app and thereby bringing new users to the platform.

Pre-Seed Round:

• This is 7.5% of the total COG token supply which is 150,000,000 tokens.

• This amount will be used to raise capital to start the project and its operations from Angel or Private investors.

Seed Round:

• This is 10% of the total COG token supply which is 200,000,000 tokens.

• This amount will be used to raise capital once we have identified the market fit from the product standpoint from Angel or Private investors & launchpads.

Private Round 1:

• This is 5.25% of the total COG token supply which is 105,000,000 tokens.

• This amount will be used to raise further capital for office, team and operation expansions.

Private Round 2:

• This is 5% of the total COG token supply which is 100,000,000 tokens.

• This amount will be used to raise further capital for office, team and operation expansions.

• This amount will also be used to fund future projects at Circle of Games.

Public Round:

• This is 1.67% of the total COG token supply which is 33,333,333 tokens.

• This amount of tokens are reserved for the initial offering of the token on public exchanges.

Treasury:

• This is 11.58% of the total COG token supply which is 231,666,667 tokens.

• This amount will be used for future projects that are not disclosed yet.

Liquidity & Market Making

• This is 3% of the total COG token supply which is 60,000,000 tokens.

• This amount will be used to supply liquidity to exchanges in which COG token will list.

Token Unlock & Supply

The tokens will be minted all at once but will be unlocked in a schedule over a period of 48 months from the public sale.

Vesting Schedule