QURAS Protocol Token Economics

The total number of XQC issued is 888,888,888 XQC. This is assured by the code that the maximum number of issuances cannot be changed. This means that no additional XQC will be issued in the future.

The token allocation for the XQC is as follows:

Private Sale: 26.35% is allocated to initial investors through a private sale. It is locked up for 8 months and 1/8 of the lockup will be unlocked every month starting one month after the initial listing date (November 16, 2019).

Team: 10.00% is allocated as compensation to the founders and founding team. It is locked up for 12 months and 1/12 of the lockup will be unlocked every month starting one month after the initial listing date (November 16, 2019).

Reserve: 50.65% is allocated for reserve. This is a flexible budget that can be used to ensure that the project continues over the long run. At the time of publication of this document, it is expected that the funds will be used mainly for community contributions, which may include airdrops, ambassador programs, and support for projects initiated by the community.

Partner & Advisory: 10.00% is allocated to partners and advisors who contribute to the QURAS blockchain and ecosystem. The lockup will be dependent on the agreement with them, but the principle will be set so that a large number of XQC cannot be released at one time in order to ensure the long-term sustainability of the QURAS blockchain.

DApps distribution: 3.00% is for DApps, which will be used for airdrops to acquire users for QURAS DApps, and rewards for users.