To better reflect the actual project status, we have revised the Green Earth Blockchain tokenomics related to Token Release Schedule on 27 July 2023, and we have transferred 80% of the total token supply into the Reserve Account, and only 20% token supply is currently available for release. This will reduce the project marketcap, but it has no impact on token GEBT token price and daily trading volumes, which will continue to evolve based on project fundamentals and market conditions.
Summary of changes made on 27 July 2023:
20% Token Supply (200 million tokens) are available for release. This was 80% till 26 July 2023.
80% Token Supply (800 million tokens) are locked in the Reserve account. This was 20% till 26 July 2023.
The Reserve account is visible online to the public.
https://algoexplorer.io/address/CMFGLFZK54T5JCO26NWUDP3EOROHZQZO5XHCNMAI2OEXQLTR5MR6OQLRJ4
Total 1 billion tokens (max total supply, pre-defined, pre-mined on 03 Sep 2022) – No change.
The following sections of the whitepaper were revised.
10.1 Token Distribution Plan
Summary:
20% Token Supply (200 million tokens) are available for release. The tokens are available for release, but the actual release or distribution to Users, Investors, and Community will be based on project progress.
80% Token Supply (800 million tokens) are locked in the Reserve account. These tokens will become available for release gradually from Jan 2024 to Aug 2035, as per the Token Release Schedule, described in the following section.
10.2 Token Release Schedule
Summary:
Tokens for Users will be released over a 13 year period from Sep 2022 to Apr 2035.
Total 50% (500 million tokens) will be released by April 2035 for Users.
Tokens for Community will be released over a 10 year period from Sep 2022 to Sep 2032.
Total 20% (200 million tokens) will be released by September 2032 for Community.
Tokens for Investors will be released over a 5 year period from Sep 2022 to Jul 2027.
Total 20% (200 million tokens) will be released by July 2027 for Investors.
Tokens for Founders will be released over a 13 year period from Sep 2022 to Aug 2035.
Total 20% (200 million tokens) will be released by August 2035 for Founders.
The latest version of Green Earth Blockchain whitepaper is available here:
https://greenearth.ai/whitepaper.pdf