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About the $XDEFI token & its tokenomics
About the $XDEFI token & its tokenomics
Cédric avatar
Written by Cédric
Updated this week

Ctrl Wallet is proud to unveil its utility token. $XDEFI is an ERC-20 token designed by Delphi Digital. Its main purpose is to create a long-term incentive for ecosystem participants to build into a community and maintain a suite of products around the wallet.

ERC20 TOKEN


SYMBOL

XDEFI

ETHEREUM SMART CONTRACT

0x72b886d09c117654ab7da13a14d603001de0b777

DECIMALS
18

ETHERSCAN
https://etherscan.io/token/0x72b886d09c117654ab7da13a14d603001de0b777

INITIAL SUPPLY
40,251,026

TOTAL SUPPLY
240,000,000

TOKEN UTILITY
Staking/Governance/Play to (L)earn/Building
🌐 . https://www.xdefi.io/article/tokenomics-xdefi-token-economics/

TOKEN METRICS
🌐 . https://www.xdefi.io/article/tokenomics-xdefi-token-economics/

TOKEN ALLOCATION
Ecosystem Fund : 30%

Play to (L)earn : 16%
Note : Initially we allocated 16% of $XDEFI tokens to a Play to (L)earn initiative that would incentivise users to learn how to use Ctrl Wallet and how to explore DeFi safely. We still intend to pursue this initiative, but we plan to do so at a smaller scale than initially envisioned. Therefore the 16% of tokens reserved for the Play to (L)earn initiative have now been reclassified as part of the ‘Ecosystem Fund’. A part will probably be used to provide deep liquidity pools on three chains once we migrate to $CTRL in September 2024. This will involve Ethereum, Base and Arbitrum (we will then reassess the situation and see if we add Solana instead of Arbitrum).


Public Sale : 9%
Early Investors : 28%
Ctrl Wallet Team : 15%
Advisors : 2%
ℹ️ These percentages are approximate and subject to change depending on the size and growth of the team and its advisors as well as the requirements of the Ecosystem Fund and the Play to (L)earn initiatives.


TOKEN EMISSION
ℹ️ This token emission schedule is for informational purposes only and may vary depending on the requirements of the Ecosystem Fund and the Play to (L)earn initiative
Image : 🌐 . https://www.xdefi.io/article/tokenomics-xdefi-token-economics/


INVESTMENT ROUNDS


[SEED ROUND]
Date : October 2020
Valuation : US$6.5M
Amount raised : US$1.2M
Token price : US$0.027
Vesting : 25% unlock at TGE and 3 years linear monthly vesting for the rest

[PRIVATE SALE]
Date : April 2021
Valuation : US$60M
Amount raised : US$6M
Token price : US$0.25
Vesting : 25% unlock at TGE and 3 years linear monthly vesting for the rest

Seed round and private sale investors participated during different market conditions & at a very very early stage or just a few months after the team started working on the project and the price reflects the level of risks they took.


[IDO] (END DATE : 11/18/2021)

MISO (SushiSwap Launchpad) whitelist only sale : 11/15/2021 14:00 UTC (24H Max)
Allocations :
Ctrl Wallet slot : $400 ETH.USDC (Max) / $0.65 per token / No vesting
Degenscore slot : $2000 ETH.USDC (Max) / $0.65 per token / No vesting
THORChad slot : $2000 ETH.USDC (Max) / $0.65 per token / No vesting
Raised : $USDC 8,225,000 / 12,650,000 $XDEFI sold

+

MISO (SushiSwap Launchpad) Public Dutch auction : 11/17/2021 14:00 UTC (Until all tokens are sold / 24H Max)
Any unpurchased tokens from the whitelist only sale
For sale : 8,880,101 $XDEFI
Range : $4 - $0.65
Purchasable with : ETH.USDC
No vesting
Raised : $USDC 11.2 M / over 7.35M $XDEFI sold.

=

Total raise: over 19,425,000 $USDC
. Total tokens: over 20M $XDEFI
. Total participants: over 10K

Token issuance & listing date : 11/18/2021
Platform : SushiSwap
Pair: $XDEFI/$WETH
Opening price: Last price at auction ($1.2637)

To claim your tokens, here are the new MISO webpages related to each Ctrl Wallet sale :
. https://app.sushi.com/miso/0x33ec109543f41c9d7b01fcc054c9d779f11f758a (whitelist-only sale)
. https://app.sushi.com/miso/0xe7e8a485945339079ec5ae72917369fe6661f15e (Dutch auction)

. COINGECKO 🐸 LINK
🌐 . https://coingecko.com/en/coins/xdefi

. COINMARKETCAP LINK
🌐 . https://t.co/tRVM2AsnHp


MARKET

. Uniwap | https://uniswap.org/ | DEX | ERC20 token
. KuCoin | https://www.kucoin.com/ | CEX | ERC20 token | $XDEFI / $USDT pair
. Huobi | https://www.huobi.com/ | CEX | ERC20 token | $XDEFI / $USDT pair
. gate.io | | https://www.gate.io/ | CEX | ERC20 token | $XDEFI / $USDT pair
. Bitrue | https://www.bitrue.com/ | CEX | ERC20 token | $XDEFI / $USDT pair


ABOUT STAKING

1️⃣ Uniswap :uniswap: V3 $XDEFI / $ETH Liquidity Pool ( Ethereum network) 1% fee tier
. 1% fee tier
. Pool link : 🌐 . https://info.uniswap.org/#/pools/0x77924185cf0cbb2ae0b746a0086a065d6875b0a5

2️⃣ THORChain RUNE: / XDEFI Liquidity Pool (THORChain & Ethereum networks)
. Pool link: 🌐 . https://app.thoryield.com/pool/ETH.XDEFI-0X72B886D09C117654AB7DA13A14D603001DE0B777_THOR.RUNE

3️⃣ XDEFIt: single-sided staking ( Ethereum network)

. Staking contract : 0xe1A3864DbF62Fb94834B108Ff6Bf439cE70183Ac
. Staking webpage : :xdefiwallet: . https://app.xdefi.io/


ECONOMIC MODEL

. https://twitter.com/goitbykojiro/status/1478374809348325378?s=20
. https://twitter.com/goitbykojiro/status/1487363204024090625?s=21

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