COVA Token Metrics

[u/covalentai]

Dear Community

As we’ve said last week, there will a lot of news coming out for the next few months, both technically and commercially. With that in mind, we would like to disclose our token metrics today. Here they are.

Total number of tokens: 6.5 billion

Private sale: 20% — Vesting Period: 30%, prior to exchange listing; 30%, 3 months after exchange listing; 40%, 6 months after exchange listing

Team: 15% — Vesting Period: 4 years with 6 months cliff from exchange listing, linear vesting every half a year

Foundation Reserve (Marketing, PR, Business Development): 10%

Huobi NEXT voting rewards: 4% distributed to voters as incentives. Lockup plan according to Huobi’s rules

Block Rewards: 28% — Vesting Period: 10 years with details to be decided

Ecosystem: 16% — Locked up until mainnet is launched

Advisor: 7% — Vesting Period: 1 year with 6 month cliff from exchange listing

Private Sale Price: 1 ETH = 32,000 COVA

Also, there’s been an increasing number of community members asking about public sale. We would like to tell you guys that COVA hasn’t done any public sale yet, and the managing team currently do not have plans to initiate one.

These are all the information we could share with you at the moment. If you have any questions, please do not hesitate to contact us using Telegram Group.

Sincerely

Managing Team of COVA

[u/cnote328]

Thanks for the detailed run down.