Tokenomics
$CION is the platform's utility and governance token. The token unlocks a variety of benefits.
Token Information
Stakers who deposit CION will receive a staked CION token. Note that the balance for this will return your total staked amount including any esCION tokens and Multiplier Points.
Staking
Staked CION receives three types of rewards:
Escrowed CION ($esCION)
Multiplier Points (MPs)
CION Rewards
For more info on Escrowed CION and Multiplier Points, please see the Rewards page.
To stake your CION tokens, please visit the Earn page.
Supply
The max supply of CION is 12,000,000.
CION circulating supply will increase depending on the number of tokens that get vested, and the number of tokens used for marketing/partnerships.
CION allocations are:
Initial liquidity (10%): 1,200,000 CION + 60,000 $CANTO .
Start price: $0.05 $CANTO
The remaining 90% CION will be converted to Escrowed CION (esCION) in 1 year:
DAO fund (10%): 1,200,000 esCION (Vesting in 1 year)
The CION NFT (15%): 1,800,000 esCION (Vesting in 1 year)
Dev Fund (10%): 1,200,000 esCION (Vesting in 1 year)
CLP Staker (35%): 4,200,000 esCION (Vesting in 1 year)
CION & esCION Staker (20%): 2,400,000 esCION (Linear 1 year)
Fees collected by the platform in the form of the network’s native token — CANTO are distributed as follows:
Fees Distribution
Fees collected by the platform in the form of the network’s native token — CANTO are distributed as follows:
60% fees for CLP Stakers
30% fees for CION & esCION Stakers
5% fees for the Dev Team
5% fees for buyback and CION-CANTO LP on DEX
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