Introducing $ALLEY: Tokenomics and Distribution
$ALLEY token overview:
The Alley token is central to the incentivization structure and utility of the NFT Alley platform.
Use cases below:
- Platform users can actively participate in the governance functionality of the protocol.
- The Alley token will be employed in distributing early adopter rewards.
- It will also be instrumental in the payment of transaction fees and adopted for platform fee discounts.
The utilities are, however, not limited to the above.
$ALLEY token supply and vesting details:
The aggregate supply of the Alley tokens is capped at 10,000,000.
500,000 Alley tokens are allocated to seed investors at a price of 0.45$ per token. 15% of the tokens are unlocked on the TGE, with the remaining tokens distributed daily from day 31 for 12 months in a linear fashion.
1,350,000 Alley tokens are allocated to private investors at a price of 0.54$ per token. 15% of the tokens are unlocked on the TGE, with the remaining tokens distributed daily from day 31 for 12 months in a linear fashion.
123,457 tokens are allocated during the public token sale at a price of 0.81$ per token, with 100% unlock on the day of the listing.
4,500,000 tokens are allocated to NFT Alley Ecosystem and reward pool. These tokens will undergo a vesting period of 3 years and will be solely utilized for driving the ecosystem and distribution of rewards to NFT enthusiasts. The reward pool will incorporate incentivization programs, reward schemes, liquidity, and staking taking place on the platform.
300,000 tokens are allocated for liquidity provisioning pool with a 100% unlock of the day of listing. These tokens will be employed for liquidity mechanisms on exchange market pools for NFT Alley.
2,000,000 tokens are allocated for the founders and team building and working towards building NFT Alley. The team is vested in for six months followed by a daily distribution from day 180th of the listing day for the following 12 months.
1,000,000 tokens are allocated as the foundation reserve, which will undergo a vetting period of 2 years from the TGE. This will primarily be used for future strategic funding needs and to fuel product development.
226,543 tokens for advisors locked until month 6th, following which it will witness a daily distribution from day 180th of the listing for the following 12 months.
The Initial Circulating Supply of Alley tokens will aggregate to 640,000 i.e., 6.4% of the total supply with an effective market cap of $518,400. This comprises of 277,500 tokens from private and seed investors, 123,500 tokens from public sale and 239,000 tokens which will be locked on various exchange platforms for the purpose of liquidity pools.
Therefore, the effective circulating supply constitutes 401,000 tokens, i.e., 4.01%.
The Initial Market Cap excluding liquidity provision will be $324,810.
We hope that it imparts the intended clarity of the token dynamics at NFT Alley. We are looking forward to an exhilarating journey with our upcoming launch in 2021. Let’s strive towards building a secure, intuitive, and creative NFT marketplace empowering the NFT landscape.
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