Tokenomics
Topics on this page: * $CBY supply * Token distribution specification * Lock-up and Vesting Schedule * Token sales * Revenue streams * Burning of tokens overview The token release schedule for $CBY is set over four years, with a total supply of 50,000,000 (fifty million) utility tokens. The allocation of these tokens is intended to support the company's mission. The lock-up and vesting schedule for these tokens will also be determined in line with this goal. $CBY Supply Total supply: 50 million $CBY. These tokens will be distributed in the Token Generation Event (TGE) as follows:
Token distribution specification
Development treasury Funds used to execute the Carbify road map and R&D.
Private sale Early backers of the project before the public release of the $CBY tokens.
Community & ecosystem These tokens will be distributed to Ecosystem participants. These tokens are available for participants in many different ways. A token sale, in-game tokens and for staking purposes etc. The tokens not being sold during the public sale can be used as liquidity for DEX'es on blockchains we expand to.
Staking & community participating. A reserve fund used to encourage participation and contribution to the Carbify community and ecosystem.
Advisors Reserved for experts who contribute particular expertise, access, and connections.
Team/Staff Reserved for the founders and core team members who will drive Carbify from a concept to reality.
Liquidity & exchanges This allocation is used to provide initial liquidity in markets. Partly used by market makers.
Partners A reserve fund is used to incentivize partnerships.
Lock-up and Vesting Schedule
Community & Ecosystem
Burned 10 million tokens and counting!
36-month vesting schedule. Daily distribution.
Development Treasury
36-month vesting schedule. Daily distribution.
Team & Staff
12-month lock-up. Update: lock-up extended until 07-06-2025.
Private Sale Backers
No lock-ups and no vesting apply.
Staking & Community Participation
No lock-ups and no vesting apply. Funds will be used for staking rewards only.
Liquidity & Exchanges
No lock-ups and no vesting apply. Funds will only be used for liquidity purposes.
Partners
12-month lock-up. Update: lock-up extended until 07-06-2025.
Statement and Disclaimer:
Please be aware that any crypto project has the potential to significantly impact the token price, including the possibility of a sharp decline. While lock-up and vesting schedules provide some transparency, they only tell part of the story. Always conduct thorough research and consider the broader context of the project before making investment decisions. Carbify is a long-term project and Dutch-registered company. The founders deposited their private KYC documents in the Solidproof vault, adding significant trust to prevent the founders from performing malicious actions.
Token sales Carbify will not rely on common practice token sales done in crypto as this project is different in nature in many ways. Carbify offers only a limited number of tokens during a combined private and public sale. Instead of airdropping the remaining tokens from the Community & Ecosystem pool, we will now burn them progressively with each NFTree sold. We organise periodic burn events. This will lower the total supply over the next few years. This is an essential mechanism for the $CBY token. The token sales have now been fully completed. Below are the total number of tokens sold and the price. Private sale Buyers were eligible to buy the private round based on the amount of NFTs in possession. Genesis plot owners: 5000 $CBY tokens for each plot at 20 cents per token. NFTree owners: 250 $CBY tokens for each tree at 20 cents per token. 5.248.829 tokens sold at $0.20 Total sold: $1.049.766 Public sale One hundred packages containing 20.000 tokens are available for $5000 each for non-NFT holders. 3.221.767 tokens sold at $0.25 Total sold: $805.442 Both the private and public sale were completely sold out. - The private and public sales were organized in the same period. - Tokens not being sold were added to the Community & ecosystem pool and used to airdrop to NFTree buyers. Private and public buyers will have no token locks or vesting schedules.
Revenue streams Carbify aims to become a market leader and set the standard for carbon offsets. To achieve this goal, the company must be profitable after the initial startup phase. To attain profitability, several revenue streams have been incorporated into the tokenomics and the company in general. 1. Profit from CO2 sales The $aCO2 is being sold to commercial entities via FIAT. Purchases via crypto will be implemented as well. Carbify incurs significant expenses in selling CO2. The selling costs are covered by a fee, which is passed on to the buyer. A fee of 5% is charged to the seller to cover the maintenance of the trees. Overall, Carbify makes a modest profit from the sale of CO2, and this can be seen as one of the important revenue streams for the company. 2. Land plot sales Carbify sells land plot NFTs. These are required for staking trees but can also be used in Carbify's first game release, 'Eco Empires'. 3. NFTree sales The NFtrees are core business for Carbify. By planting many trees, the company is truly making an impact. This operation is cost-covering but will be profitable in the long term through the sale of $aCO2 generated by Carbify's own backup trees. If these are not needed as replacements for the user's NFTrees, then this revenue will benefit the enterprise. 4. Commercial GCS audits Carbify has developed its own Global Carbon Standard and is thereby one of the highest authorities to assess companies regarding their tree-planting projects. Our ecologists can certify various projects. Carbify makes a profit on this. A portion of this revenue is used to buy and completely burn $CBY tokens. 5. Marketplace fee All Carbify NFTs can be traded on the Carbify marketplace. In principle, they can also be traded on other NFT marketplaces. A royalty fee is built into the smart contract, which pays Carbify 7.5% of every sale. 6. DEX transaction fees The $CBY token is currently being traded on Uniswap. Uniswap is a decentralized exchange. We trade the $CBY token on both the Ethereum and Polygon blockchains. A fee is charged for buying and selling $CBY, which is typically 1%. By providing liquidity to the $CBY - $USDC and the $CBY - USDT pools, Carbify is collecting fees. Future Revenue streams Carbify is currently involved in several exciting developments. The in-house game Eco Empires is soon to be launched for the general public, but there are also a number of retail products coming to market. These will generate additional revenue streams, namely:
Hero NFTs
Premium accounts for Eco Empires
In-game purchases
CO2 gift cards
Retail products
A new game (Carbify's second game)
Burning of tokens overview Carbify has incorporated various token burns into its tokenomics. Here's an overview:
When a user unstakes their tokens within the tree staking program, they pay a fee. This fee is completely burned, thereby reducing the circulating supply.
When a retail product is sold, a market buy of $CBY tokens will occur in the background. These tokens are then burned.
When a company purchases certification products based on the Global Carbon Standard, a market buy of $CBY tokens will take place in the background. These tokens are then burned.
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