$MBID Token Allocation
Last updated
Last updated
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:
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.
