We’ve made several updates leading up to our IDO that will substantially improve the utility of our token, increase the resilience and trust factor for $INFO token holders, and create more attractive tokenomics moving forward.
Are you a holder of the V1 $INFO token? We want to let you know that there is nothing to worry about and nothing you will need to do in order to receive your allocation. We will distribute the new token to the address you are currently holding $INFO tokens. We recommend you keep on reading this article to get a better idea about what's new and how many tokens you will receive.
🟢 Updated Features of the New $INFO Token
DAO Compatibility
To make Infomatix fully decentralised, we have intended to turn it into a DAO — a Decentralised Autonomous Organisation. This implies that when the Infomatix team believes the project is mature enough to be led, controlled, and developed by the global community, all critical product choices will be democratically voted on by token holders. We now expect this to take 3 to 5 years, but this may change depending on how quickly we achieve our mid-term product and growth objectives.
Time-Locked Inflation Mechanism
To support further development of the Infomatix platform, particularly to maintain product and growth upgrades necessary for the platform’s transition into a DAO, a 1% inflation rate has been established. This rate will kick in after three years. This inflation rate cannot be increased and can be disabled at any moment to be reserved for the DAO.
Time-Locked Voting Power to Token Holders
Once the Infomatix is transformed into a DAO, holders of the $INFO token will vote on the direction of the project as a whole.
Terminated Mint Function
A residual mint function that was discovered in the old smart contract is removed entirely in the new smart contract.
🟢 Updated $INFO Tokenomics
To maintain the psychological attractiveness of the $INFO token, we have decided to increase and distribute tokens to current $INFO holders on a 1:10 basis by replacing our original token with a new token. This means that our token supply has increased from 72,000,000 to 720,000,000, and existing $INFO token holders will now hold 10x the original token.
For example, if you had 50,000 $INFO tokens, you will receive 500,000 tokens from our new contract address.
This allocation of the new token will be automatically distributed to the holders’ wallet address where the V1 token was held. Make sure that you add our new contract address to your metamask to track your allocations easily.
Contract Address: 0xdf727040d3997b5d95dee8c661fa96e3c13ee0c9
- Ticker: $INFO
- Token Standard: BEP20
- Type of Token: Utility token
- Total Supply: 720 Million
- Updated $INFO IDO Price: $0.005
🟢 Token Allocation & Distribution
The percentage value of the initial token distribution plan will not be affected.
- Total Supply: 720,000,000 INFO
- Treasury + Bounties: (41.67%) 300,000,000 INFO
- Team: (11.67%) 84,000,000 INFO
- Seed Investors / Advisors: (8.35%) 60,125,000 INFO
- Pre-Sale: (15.79%) 78,125,000 INFO (Sold Out)
- IDO: (13.89%) 100,000,000 INFO
- Airdrop, Staking and Liquidity Pool: (9.24%) 97,750,000 INFO
New token will be distributed using the same vesting methodology as originally planned.
- IDO (GPool & Zeroswap): 25% initially, then 25% each month until the investors receive their total allocation.
- Pre-sale: 25% initially, then 25% each month until the investors receive their total allocation.
- Team: Vested over 10 months. only 10% per month will be distributed.
- Seed Investors / Advisors: 25% initially, then 25% each month until the investors receive their total allocation.
🟢 About Infomatix
Infomatix allows experts to monetise their unique expertise and reduces communication bottlenecks by combining demand for price data with the supply of expert knowledge. With Infomatix, anybody looking to trade non-public assets may connect with a wide variety of experts to get pricing and background information.
