Token Economics
The company has minted 150,000,000 Greenheart CBD Token tokens.
- 1 CBD Token = 10 US cents ($0.10). The initial token is a BEP20 token. Bridges to other protocols may be added at a later date.
- The CBD TOKEN project provided token holders with a Staking option (approx. 5-50% APY). The token issuer is a company based in the British Virgin Islands (BVI). It is a majority owned subsidiary of Greenheart CBD, the Irish parent company.
- The project sold 35% of CBD Token tokens in the private and public sale.
Full break down of the token allocation is below: -
Figure 5. Greenheart CBD Token Token Allocation
The tokens were vested for investors on the following schedule:
- Private Sale: Tokens vested 25% monthly over a 4-month period.
- Public Sale: Tokens vested 12.5% weekly over an 8-week period.
- Tokens allocated to advisors, team members and ecosystem partners were vested over a 12-to 24-month period.
The use of funds raised for the project is as follows: -
Figure 6. Greenheart CBD Token Use of Funds
Last modified 1yr ago