Token Allocations & Safe Wallet Management
Last updated
Last updated
Cortensor ensures that all unused token allocations are securely managed through Safe Wallets, providing a high level of security and transparency. The following Safe Wallets are used to manage different token allocations, ensuring that the funds are safeguarded until they are utilized for their designated purposes.
This wallet holds tokens allocated for network incentives, such as staking rewards, mining rewards, and user participation incentives. These tokens are released over time to incentivize ongoing network development and community engagement. - Network Incentive: - Staking Incentive:
The Liquidity Reserve wallet is used to manage tokens reserved for providing liquidity across decentralized and centralized exchanges. This ensures sufficient liquidity to facilitate smooth trading and minimize market disruptions.
Tokens in the Strategic Reserve wallet are reserved for strategic partnerships, future expansions, and any unforeseen opportunities that may arise. This ensures flexibility in the long-term development of Cortensor.
The Team Vesting wallet holds tokens allocated to team members. These tokens are locked for a set vesting period to align the interests of the team with the long-term success of the project.
Immediately after launch, the team acquired approximately 10% of the circulating supply from the DEX to support early contributors, supporters, and marketing efforts. A portion of the acquired tokens will also be used to onboard and support near-future contributors and operations. Once the treasury is fully built, the remaining tokens will be used to add additional liquidity to the LP with treasury ETH.
The LP tokens are locked to provide liquidity on exchanges. This ensures that trading pairs involving $COR tokens have the necessary liquidity to operate smoothly, minimizing price volatility and enhancing user experience.
By utilizing Safe Wallets, Cortensor ensures the security and transparency of its token allocations. These wallets are integral to maintaining the integrity of the network while facilitating the smooth operation and growth of the ecosystem.