Gilgamesh Platform Token Sale Distribution

gilplatform (25)in #ethereum • 7 years ago (edited)

Token Sale Distribution

We are excited to announce Gilgamesh Official Token Sale Distribution Details

There will be up to 60 Million GIL Tokens available for sale during our
official token sale.

The token distribution is as the following :

Gilgamesh Token Distribution Chart

Total Tokens: 240 Million GIL Tokens*

30% | up to 72 Million GIL Tokens — Gilgamesh Platform Users
25% | up to 60 Million GIL Tokens — Token Sale Purchasers
20% | up to 48 Million GIL Tokens — Retained by Gilgamesh
20% | up to 48 Million GIL Tokens — Founding Team
5% | up to 12 Million GIL Tokens — Early Contributors & Advisors

Note:
* GIL tokens will be minted by Gilgamesh Token Ethereum smart
contract during the crowdfunding, there will be maximum 60 Million GIL Tokens
generated for sale.

Users in the Gilgamesh Platform: 30%

GIL tokens will be retained for distribution to users based on productive
contributions to the platform.
Every year 5% of tokens will be injected
into the platform for a period of** 6 years.**

The tokens can be used to buy goods or services — such as books or publishing
services on the platform — or can be held by users for voting power to govern
the platform.

Token Sale Purchasers: 25%

Skiral, Inc. will utilize a token sale campaign to raise money for the
development of the Gilgamesh Platform. Token sale purchasers can gain influence
in the governance of the Gilgamesh Platform, spend tokens on the platform on
goods and services, or maintain their initial status to vote and influence the
Gilgamesh platform for future features and changes.

Founders: 20%

The Gilgamesh platform will be built by a core team of developers and
programmers over the course of several years. To reward past work and stimulate
progress, the founders and early contributors will be given GIL Tokens as a
reward and to acquire governance power over the platform.

Founders will receive GIL tokens over a 24-months vesting period with a 6-month
cliff, which means founders will mature 25% of their GIL tokens every 6 months.

Early contributors: 5%

Early contributors will be given GIL Tokens as a reward for the their past work,
tokens will be transferred between one to six months after the end of token
sale.

Retained by Gilgamesh: 20%

For 18 months after the token sale, GIL tokens will be locked and withheld
from the platform and disbursed slowly in order to maintain growth and sustain
the GIL ecosystem through platform operations, research and development, product
discovery, and expansion.