Tokenomics
Distribution of tokens
-
Community Treasury:
20% of the total supply of $SPORTS will be reserved for the SPORTS community. 15% of the total supply of $SPORTS will be locked for over a period of 3 years. 5% of the total supply will be used as first year rewards, 5% of the total supply will be used for second year rewards and the remaining 10% will be used for the 3rd year rewards, amounting to a total of 20% reserved for community treasury.
-
Founder Token:
8% of the total supply of $SPORTS will be reserved for the $SPORTS team. Locked 6 month, 36 month linear unlock.
-
Advisors:
Advisors will hold 3% of the total token supply locked 6 month , 36 month linear unlock.
-
Developer Team:
The development team will be entitled to 3% of the total $SPORTS supplied.
-
Marketing and Airdrops:
6% of the tokens supplied will be reserved for marketing and airdrop purposes.
-
IDO Presale:
25% of the total $SPORTS supplied will be available for pre-sale with a soft cap of 25ETH and a hard cap of 50ETH. Presale price will be at a 25% discount of the public sale listing price. 60% of the funds raised at the presale round will be used to provide liquidity for the public sale round and the remaining 40% will be used for marketing & operations purposes. In order to prevent dumping, presale token holders will only receive 5% of what they have purchased every 15 days with no tokens on day 1.
-
Liquidity:
12% of the total $SPORTS supplied will be available for sale to the public through the DEX. 5% of the total supply will be reserved for centralized exchange listing.
-
Burn:
18% of the total token supplied will be burnt at launch.
Transaction fee breakdown
-
Redistribution:
To reward all holders of $SPORTS, 0.5% of all transactions will be redistributed to holders.
-
Marketing and Development:
A 12% buy tax on every purchase of $SPORTS and a 12% sales tax on every sale transaction will be retained by the $SPORTS team for marketing and development of the token.
-
Burn:
0.5% of every buy and sell transaction on the SportsCollective platform will be retained for token burn at regular intervals.
-
SportsCollective Foundation:
A percentage of buy and sell transactions will go into the foundation for a greater cause.