What is the issuance and circulation volume of POLYX?

With 70 billion tokens in circulation, POLYX's issuance and distribution have been executed according to its defined schedule, ensuring a steady supply to support its growing ecosystem.

Oct 31, 2024 at 10:49 pm

Issuance and Circulation of POLYX

1. Issuance

POLYX was launched on August 17, 2022, with an initial supply of 100 billion tokens.
Tokens were distributed through a combination of private sales, public sales, and airdrops.

2. Circulation

The current circulating supply of POLYX is approximately 70 billion tokens.
The remaining 30 billion tokens are held by the POLYX team for future use and ecosystem development.
The circulating supply is expected to increase over time as new tokens are mined and distributed as rewards.

3. Tokenomics

Symbol: POLYX
Decimals: 18
Max Supply: 100 billion
Circulating Supply: 70 billion
Distribution:
- Private Sale: 25% (25 billion tokens)
- Public Sale: 25% (25 billion tokens)
- Airdrops: 30% (30 billion tokens)
- Team Reserve: 20% (20 billion tokens)

4. Token Use Cases

Governance: Holders can participate in governance and vote on proposals that affect the POLYX ecosystem.
Staking: Tokens can be staked to earn rewards and support the POLYX network.
Transaction Fees: POLYX is the native currency for gas fees within the POLYX blockchain.
Utility: POLYX can be used to access exclusive features and services within the POLYX ecosystem.
Cross-Chain Bridge: POLYX is used as a bridging token to facilitate asset transfers between different blockchains.

5. Token Distribution Schedule

Private Sale: 15% released at TGE, monthly vesting for 2 years.
Public Sale: 25% released at TGE, monthly vesting for 1 year.
Team Reserve: Quarterly release for the first 4 years, starting Q1 2023.
Mining Rewards: 25% of total supply allocated for mining rewards.

6. Conclusion

The issuance and circulation of POLYX have been carefully designed to ensure a fair distribution and stable supply. The circulating supply is expected to increase gradually, with tokens released according to the defined schedule. The tokenomics and use cases of POLYX provide a strong foundation for the growth and success of the ecosystem.

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