Latest updates: Vesting Contract and Token Distribution
We have deployed a new smart contract that performs the function of a vesting period that is going to lock up the tokens for several months by following this general scheme :
A) 580.000.000 IBZ for Ibiza Token Community (58%)
448.000.000 $IBZ will be locked for a period of 6 months based on the future development of the DAO with another 6 months option.
We have allocated 132.000.000 $IBZ for farming, contributors, and bounties.
Liquidity Mining: 81.000.000 $IBZ
Contributors: 36.000.000 $IBZ
Bounties: 15.000.000 $IBZ
Liquidity Mining Program (Farming)
Rewards Details
IBZ/USDC Pair on Balancer V2: $IBZ 24.000.000 (4.000.000/month)
IBZ/ETH Pair on Uniswap V2: $IBZ 24.000.000 (4.000.000/month)
IBZ/MATIC Pair on Quickswap V1: $IBZ 24.000.000 (4.000.000/month)
IBZ Staking: $IBZ 9.000.000 (1.500.000/month)
B) 140.000.000 IBZ for Strategic Partnerships (14%)
These tokens will be released in 28 months and will be used for future strategic partnerships
C) 100.000.000 IBZ for Core Team (10%)
These tokens will be vested and will be released every month for the next 24 months and will be used for advisors, future hires, and the core team.
D) 80.000.000 IBZ for Reserve Fund (10%)
These tokens will be used for liquidity in future exchanges.
Vesting Contract : https://etherscan.io/address/0x8a09cf7cb4329b9be4f738f10620b0bf50367992
About Ibiza Token
Ibiza Token is an ERC-20 governance token on the Ethereum Mainnet, created expressly for the island of Ibiza.
Ibiza Token (IBZ) aims to be a habitual means of exchange and payment gateway for all the Ibiza lovers within the Island and worldwide by growing in vision to a globally tradeable coin with full smart-contract capabilities.
Liquidity pools, farming contracts and, AMMs alongside the benefit of a series of incentives within transactions with local businesses are some of the key features encompassed by Ibiza Token which is fully aligned with the standards aimed at surpassing the corporate-capture vulnerabilities of DAOs.
Besides being a habitual means of exchange and a decentralized payments and transactions gateway, Ibiza Token will enrich the holders’ experience through Ibiza Pay, a dedicated iOS/Android application that provides with the opportunity to join special deals across a hand-picked selection of local tourism establishments and discover music and art from the island in the first Ibiza non-fungible token marketplace.
Website: https://ibizatoken.com
Twitter: https://twitter.com/IbizaToken
Telegram: https://t.me/ibztoken ( community)
https://t.me/ibizatoken (official announcements)
Etherscan: https://etherscan.io/token/0x5aa7c403c7de4b3bb0cc07079a03e389671a4771
Polygonscan: https://polygonscan.com/token/0x428ac1de3fc08c0f3a47745c964f7d677716981f
