TOKEN NAME: $GRID
BLOCKCHAIN: Bsc, Eth, Polygon
TOKEN TYPE : Utility
TOKEN SUPPLY: 1,000,000,000
- Staking rewards - 26% of tokens will be allocated as staking rewards to investors.
- Sales - 23.7% of tokens are allocated to our pre-seed, seed, strategic rounds, private, and public sales.
- Charity - 21% of tokens will be allocated to the Farm Grid Africa Foundation and charity in line with our aims and objectives to support farmers in rural areas, Educate farmers on the dangers of antibiotics, provide basic computer knowledge and programming for children in rural Africa, poverty and hunger alleviation, and Provision of clean water for drinking and irrigation.
- Development and community growth - 10% of tokens will be allocated towards development efforts including community partnerships and loyalty programs to offer opportunities for enhanced benefits for existing customers. There may be a vesting period tied to the release of the tokens which will be flexibly introduced.
- Ecosystem - 8% of tokens will be allocated to finance the Farm Grid general Ecosystem.
- Team - 5% of tokens are allocated to the team. These tokens are fully locked for 3 years, and thereafter receive quarterly disbursements of 5%.
- Marketing - 3.3% of tokens are allocated to marketing and promotional campaigns to bring users' adoption and awareness of Farm Grid products.
- Advisory, SHO, and Mentorship adviser: 3% of the tokens are allocated to advisors and mentors of Farm Grid Africa. This token allocation has a vesting period of 2 years and 20% is released every quarter.
The sales are represented as thus;
- Pre-seed: 8% of the tokens are allocated to the pressed sales which are vested and released periodically. 20% will be released 6 months after the Token generation event (TGE), then 20% will be released quarterly thereafter.
- Seed: 8% of the tokens are allocated to the seed phase of the sales which are also vested and released periodically. 20% will be released 3 months after the token generation event and 20% will be released quarterly thereafter.
- Strategic round: 5% is allocated to this phase of sales with 20% released at TGE and 18.75% released quartet thereafter.
- Private sale: 1.5% is allocated to private sale with 25% released at TGE and 18.75% released on a quarterly basis.
- Public sale: 1.2% of the token is allocated to Farm Grid Token ($GRID) with 100% on the Token Generation event.
Users are rewarded and receive fee discounts through certain activities within the ecosystem.
Users who stake farm tokens will incur APY rewards denominated in $GRID.
Stakeholders will be awarded NFTs as incentives.