ANNOUNCEMENT

DxChain (DX) Token Distribution and Circulation Updates for June 2019


Hi DxChain community,

As announced earlier this week, the last allocation of the tokens for private sale investors and advisors, which was scheduled on August 8, 2019, was released and distributed in advance on June 8, 2019. And the circulating supply of the DX tokens increased to a total of 42,500,000,000 DX (42.50% of the total supply).

The DX tokens have been and will be distributed consistently with DxChain’s token distribution plan as below.

The DxChain core team will update the DX token circulation information in the Telegram News Channel (https://t.me/dxchainchannel) and on CoinMarketCap (https://coinmarketcap.com/currencies/dxchain-token/) monthly. Please stay tuned!

Detailed information about the token distribution plan is as follow:

Tokens for sale (25% of total)

  • All tokens for public sale were released on 08/07/2018 (2.45% of total supply).
  • There have been four rounds of distribution of private sale tokens in Aug 2018, Nov 2018, Feb 2019 and June 2019 (22.70% of total supply).
  • Till now, token distribution for all the investors has been completed.

Marketing & BD & Advisors (10% of total)

  • All the tokens for advisors (1% of total supply) were released in Aug 2018, Nov 2018, Feb 2019 and June 2019.
  • Tokens for marketing and BD for 2018 were released (3.85% of the total supply); 25% of the tokens for marketing and BD for 2019 (5% of the total supply) were released (1.25% of the total supply) and the remaining tokens will be unlocked linearly till 2020/1/2.

The Core Team (10% of total)

  • All tokens for the core team have a two-year vesting period, with a one-year cliff.
  • The first distribution of team tokens (5% of total supply) has been completed in 4/2/2019, while the remaining tokens will be released linearly till 2020/4/2.
  • Tokens for different team members will be distributed according to their onboard dates with an at least one-year cliff.

Foundation (10% of total)

  • Tokens for the foundation has a two-year vesting period, with a one-year cliff.
  • The first part of the tokens (5% of the total supply) was released in 2019/2/8, and the remaining part will be unlocked linearly till 2020/1/2.

Ecosystem, Mining & Community (45% of total)

  • Tokens for the ecosystem, mining and community will be locked until the launch of the main network.
  • The detailed token release schedule will be announced before the launch of the Mainnet in 2019.
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About DxChain

DxChain is the world’s first decentralized big data and machine learning network powered by a computing-centric blockchain.