âī¸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:
Play: Used to play PvP battles, upgrade and purchase NFT on the Circle of Games network.
Reward: To reward players for their engagement on the COG app.
Staking: To encourage players to be part of the community for a longer duration, access to special lobbies, features and air drops.
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
Last updated
