In Apexaverse, the team members and founders crafted the $AXV token as the utility token of Apexaverse, ensuring it has a robust tokenomics structure and serves as the multi-purpose tool for many operations in the platform. The various $AXV sale rounds are to support the various ideas we are building. As these sales conduct in a decentralized manner, anyone who sees the potential can participate in our token sales.
So far, some of our users raised issues concerning on when to receive their various $AXV tokens already purchased.
We want to use this medium to explain our vesting plans on our tokens.
Introduction to Vesting
Vesting is locking and distributing purchased tokens within a given timeframe. A particular timeframe that determines vesting is known as the “Vesting Period”.
It basically delays the access to the assets being offered.
It is not only used for project founders, advisors, and team members but also for private investors who will be participating in our various sale rounds.
However, we decided to adopt this method on our tokens to maintain selling pressure when listed on DEX and CEX platforms.
Cliff, a ubiquitous term for vesting cliff is a durational lock placed on tokens ahead of the vesting schedule. It is primarily used for seed and private sale investors.
Apexaverse adopted Linear Vesting to all purchased tokens before listing on exchanges.
What is Linear Vesting: The distribution of tokens in equal parts within a certain period is known as linear vesting. The period can be days, weeks, months, or even years.
For example, according to our tokenomics 40,000,000 AXV tokens need to be vested for Advisors. Under our linear vesting, 1,666,666 AXV tokens can be released monthly to be able to complete the entire vesting within 24 months. Since we have a 2-month cliff on Advisors tokens, advisors will share 1,666,666 AXV tokens every month for consecutive 24 months — starting from the 2nd month.
Thus, the vesting schedule consists of several individual locks based on the nature of the release. During the lock period, none can access tokens before the release schedule. For investors’ vesting, we will keep the tokens under our custody and airdrop them to investors’ addresses on the release date. And the tokens under custody will not be counted as circulating supply.
Apexaverse is an emerging P2E metaverse project building on Cardano, it requires sufficient time to build and deliver something. We are raising funds through our Sale rounds to attract audiences to fulfill use cases, ultimately giving inherent token value. And hence, it requires patience and vesting does it well.
Our vesting schedule will permanently eliminate the fear of losing token control to a few VCs or capitals on exchange listing. If that happens, a group of people with more holdings can fluctuate the $AXV price the way they want and lead a project ecosystem towards destruction. Therefore, our vesting has become a core part of token economics on which any kind of investor’s investment decision depends.
$AXV SEED SALE DETAILS
Token supply (10%): 1,000,000,000 AXV
Blockchain: Cardano (ADA)
Token price: 1 ADA = 250 AXV
Trading Pair: ADA/AXV
Minimum contribution: 399 ADA
Maximum contribution: 49,999 ADA
Join SEED SALE >>> https://ico.apexaverse.com
Apexaverse sits at the intersection of the Metaverse, web 3.0, and NFTs, creating a diverse and dynamic ecosystem that is always interactive and interacting, allowing players to explore, combat, cooperate and build their skills. While profiting from it.
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