$CIL
The $CIL token is the utility and governance token of the Cilistia protocol. The token has several use cases within the Cilistia ecosystem such as being the utility token for the Cilistia exchange, being used as collateral for sellers on the exchange and earning a portion of the exchange revenue when staked (70%). Holders of the token can earn rewards in the form of both $CIL and ETH.
Tokenomics
- Total supply: 5,000,000 $CIL
- Initial supply: 200,000 $CIL
- 50,000 $CIL reserved for the Cilistia private sale, presale, and VC funding.
- 100,000 $CIL reserved for the incentivized testnet and Cilistia OG airdrops.
- 50,000 $CIL paired with ETH for liquidity (Protocol owned)
- 250,000 $CIL tokens reserved for partnerships and community developers.
- 800,000 $CIL tokens distributed to contributors linearly over 2 years.
- 3,750,000 $CIL reserved for rewards from staking $CIL through the Cilistia marketplace.
- Circulating Supply at Launch: 200,000 $CIL
Summary
$CIL is the utility and governance token of the Cilistia protocol, with a total supply of 5,000,000 $CIL and an initial supply of 200,000 $CIL at launch. Holders of $CIL can earn a portion of the protocol's transaction fees and receive rewards in the form of both $CIL and ETH by staking their tokens (70% of the protocol fees, 50/50 split of $CIL and ETH as a reward).
$CIL has several use cases within the Cilistia ecosystem such as being the utility token for the Cilistia exchange and being used as collateral for sellers on the exchange.
$CIL has a reserved supply for different purposes such as private sale, presale, VC funding, incentivized testnet, airdrops, partnerships, community developers, contributors and liquidity.
The $CIL token earns 70% of the exchange revenue when staked.