🪙Tokenomics

Key Details

Coin Name: Circular

Coin Symbol: CIRX

Coin Type: Native Layer 1

Coin Fixed Supply: 1,000,000,000,000 CIRX

• ~44% of total supply (440,000,000,000 CIRX) will be allocated for public sale.

• ~25% of total supply (250,000,000,000 CIRX) will be reserved for a liquidity pool for future development of the platform, ecosystem and partnerships, employees incentives and bonuses, and secondary marketing and block rewards.

• ~25% of total supply (250,000,000,000 CIRX) will be allocated for the team, early investors and advisors.

• ~5% of total supply (50,000,000,000 CIRX) will be allocated for a grant program to support the developers community.

• ~1% of total supply (10,000,000,000 CIRX) will be allocated for coin sale marketing and community building efforts. * Numbers might be subject to small adjustments as we grow.

Why 1 Trillion Coins?

Circular's ecosystem features 1 trillion CIRX tokens, tailored to its unique multi-chain infrastructure. As new blockchains are added (both public and private), a portion of these tokens is allocated for their operation.

The decision to have 1 trillion CIRX tokens was driven by practical considerations. This quantity ensures ample supply for diverse blockchain operations without resorting to excessively fractional values (with more than 18 decimal numbers). This simplifies transactions and aids in clear calculations within the network.

Moreover, this supply balances coin quantity with the cost of blockchain provisioning, allowing users to transact with larger, more manageable numbers.

Designed for long-term sustainability, this fixed supply of 1 trillion CIRX is projected to support network growth over the next 30 years, aligning with anticipated blockchain additions. Importantly, Circular maintains a fixed CIRX supply, with no future issuance planned.

Coin Utility & Use Cases

• CIRX will be used as the native coin on the Circular platform, to pay for transactions and rewards.

• CIRX will be required to vote on development/improvements and settings of the network (excludinf fees pricing).

• CIRX will be used to reward nodes and users.

Economics

A halving schedule will be implemented, reducing the reward for certain actions on the platform (such as staking or minting) by half at set intervals. This will create a predictable reduction in the rate of coin issuance over time, increasing the perceived value of each coin.

The more CIRX coins a user holds, the greater their voting power will be in governance decisions.

Vesting Schedule

View Circular's vesting schedule

The vesting period for the coins will be four years with a one-year cliff, meaning that no coins will be unlocked until one year after the initial distribution.

• Year 1 locked

• Year 2 will unlock 5%

• Year 3 will unlock 8%

• Year 4 will unlock 12%

At year 5 the coins will not be subject to vesting plan.

Founders, advisors, and early equity investors will be subject the vesting schedule in order to promote long-term commitment and align interests with the community.

The pre-sale/private sale, and airdrop coins coins will also be subject to the vesting schedule.

It is important to note that these vesting schedules may be subject to change based on legal and regulatory requirements in different jurisdictions. We recommend seeking legal advice to ensure compliance with applicable laws and regulations.

Founders, advisors, and early equity investors will be subject the vesting schedule in order to promote long-term commitment and align interests with the community.

Governance

CIRX coins holders will have voting rights on key decisions related to the platform's development, including proposed changes to the protocol and future feature additions.

Proposals for changes to the platform can be submitted by any coin holder and must be approved by a certain threshold of votes before implementation.