myBID Whitepaper
  • Introduction
    • Terms & Definitions
  • The Digital Identity Crisis
    • History of Identity Verification
  • myBID: Web3-Powered Digital ID
    • Blockchain 101
    • Self-Sovereign Identity (SSI)
  • How Nations Gain From Digital IDs
    • Digital ID Adoption Across Nations
  • How myBID Empowers Nations
  • myBID in Action (Use Cases)
  • Partnership & Collaborations
  • Regulation & Compliance
  • Tokenomics
    • Mission
    • $MBID Token Allocation
    • How $MBID Works
    • Supply & Demand
    • Staking $MBID Tokens
  • Roadmap & Future Plans
  • Team & Advisors
  • myBID Technology & Security
  • myBID's Purpose-Driven Impact
  • The myBID Foundation
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  1. Tokenomics

$MBID Token Allocation

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Last updated 10 months ago

Initial Token Distribution

The following distribution is planned for the initial token generation event. Any further mint of tokens will follow the rules and principles outlined "New Mint Distribution" section of .

Initial Token Generation Event (ITGE): 160,000,000

Initial Token Generation Event (ITGE) Allocation:

Percentage
Category
Description
Conditions

56.97%

Token Reserve & Treasury

Majority of $MBID are for the Ecosystem Fund and Market Making Liquidity, supporting network operations and ecosystem development needs.

Ecosystem Fund

10% Unlock, 36M Vesting


Market Making Liquidity 100% Unlock

21.98%

Seed

Allocated for initial technical development and project acquisition, including early stages and essential tech development. This includes the acquisition of myBID Self-sovereign identity technology, IP, rights and projects.

Seed Sales Swap

10% Unlock, 36M Vesting


Seed Investors 50% Unlock, 24M Vesting

10.04%

Community Development / Airdrops & Bonuses

Dedicated to fostering community engagement and growth through airdrops and bonuses.

100% Unlock

5.72%

Award

(Team & Advisors)

Rewards for the team and advisors for their integral role in the development phase, focusing on long-term growth of myBID.

12M Cliff, 36M Vesting

3.23%

Foundation

Managed by the myBID Foundation to support governance, compliance, and strategic initiatives in line with the project's vision.

36M Vesting

2.06%

Token Sales & Fundraising

Funds raised through strategic sales and public offerings are crucial for the initial funding and support of the project.

Private Sale

50% Unlock, 6M Vesting


Pre-IEO 35% Unlock, 6M Vesting


Public Sales (Coinstore) 100% Unlock

Foundation, Treasury & Adoption Fund allocations are proportional to total tokens subscribed during IEO event + founders and pre-IEO investment awards. This method is used to protect the IEO and pre-IEO investors’ share of the initial token allocation. The above number of tokens is calculated under the assumption that the maximum of 700 million tokens are placed during the public IEO. If a lower number of tokens is sold, the allocations to Foundation, Treasury and Adoption Fund will be lowered accordingly.

Founders are RGX Capital and its shareholders that seeded the business in-lieu of equity. Pre-IEO awards are given to independent early-stage investors. The Foundation is a charitable organization managed as described in.

The myBID Foundation
Supply & Demand