By: Geeq on Jan 10, 2024
The Geeq Utility Token
$GEEQ is a utility token used to pay nodes for the validation and virtual machine services they provide to Geeq’s multi-chain ecosystem. $GEEQ is also used as a staking token for the good behaviour bonds that help ensure honest behaviour by the validation network. As a purely transactional cryptocurrency, $GEEQ is also suitable for use in micropayment and other payment applications.
Tokens held by Geeq & release schedule.
30% Unissued supply
may be distributed at the discretion of the corporate entity following board approval. Distribution is primarily for institutional buyers, liquidity providers, business development, community and staking initiatives. All releases will be well communicated before any releases of this allocation.
1% Hybrid Seed Round
Unlocked but held in escrow by the company. The hybrid seed round, while in circulating supply, by contract, remain in Geeq custody until mainnet.
5% Advisors
Locked until a successful mainnet is launched, Then vested for 12 months.
7% Founders
Locked until a successful mainnet is launched, Then vested for 12 months.
10% Marketing 2024
10,000,000 Geeq tokens will move from the unissued supply to the marketing wallet during Q1 2024. 1.5 million tokens will be released every 2 months to continue various staking pools, marketing initiatives and business incentives we are working on.
Token Details
The initial token release schedule can be found here.
Interested in details about our token?
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