Tokenomics
Main Ecosystem Token
The Main Ecosystem Token across PortalsX Multiverse is PORTX, which is going to be the first token released. As we launch other Core Xperiences, we will release info about their economy token.
PORTX is the Central Token that PortalsX will use to Dispense Financial Strategic Funds in Marketing, Investors, and Team.
Utility for PORTX in PortalsX Multiverse
Players will need to Create Events and Pay a Fee in PORTX. This Fee is not Fixed
With the Launch of Our Alpha, Players can Begin Staking PORTX to Partake in Voting System and Early Access to Our Core Experiences. In the Future, Players will stake PORTX for Reward Emissions
The Genesis NFTs can be purchased with PORTX which is the main token for market transactions.
Token Distribution (PORTX): MAX Supply of 20 000 000 (20 Million)
Token Release Info: Premint of 2 000 000(2 Million), a tenth of its Max Supply
*This is to Access Market Movement and Provide an Equal Investment Basis for future Investors and Community Holders
Initial Coin Offering: No Definite Date @ 18th October 2022. Will Launch on Solana-Based Launchpads
Token Economic Model - Mixed Model of Inflanatory & Deflanatory
*Inflanatory for Future Ecosystem Growth & Deflanatory through Continuous Burn Mechanisms
Token Distribution
Team & Advisors: 25% - Subject to 2-Year Lockup
Early Stage Investors / Sponsors: 20% - Subject to 2-Year Lockup
Marketing & Development: 35%
Liquidity & Rewards (Beta): 10%
Community Incentives: 5%
Public Sale (ICO): 5%
NB: Same Ratio Applies to Premint Launch
NB: The Remaining Supply of PORTX will be Locked in Reserves and on Account of Ecosystem Trigger Factors (Such as Growth) will Launch in a Similar or Different Distribution.
NB: Two-Year Lockup Period on Team and Early Stage Investors will Unlock in Equal Distribution Every 3 Months
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