Token Economics

The core of ICX token economy is centered on preventing inflation by maintaining a capped supply of 100 million tokens. To incentivize deflation and enhance the value of the network, the protocol requires the burning of tokens to utilize the dapp, thereby reducing the total supply over time. The distribution of ICX tokens is currently delineated as follows:

• Dev Team: 15% of the total supply, equating to 15 million tokens, is reserved for the development team. These tokens are vested over a span of 4 years, underscoring the team's long-term dedication to the project and synchronizing their interests with the continued evolution and success of the platform.
• Community: 17% of the tokens, amounting to 17 million tokens, are held by the broader community. This allocation is devised to amplify active participation and nurture a deep-rooted sense of ownership and collaborative decision-making within the ecosystem.
• Liquidity: 2% of the tokens are being used to provide liquidity, divided between Sonic and ICPSwap DEXs.
• Treasury: The rest of the tokens (66%), is safeguarded in the treasury. The primary purpose of the treasury is to fortify the project's long-term resilience, facilitating future developmental strides, forging partnerships, and spearheading other essential initiatives.