7.1 ITD (Initial token distribution)

In the realm of AnonymousX, the journey commences with a crucial phase: ITD, which stands for Initial Token Distribution. This section serves as the cornerstone for establishing a fair and inclusive ecosystem, ensuring that every participant has an equal opportunity to contribute to and shape the project’s foundation.

During the ITD phase, we lay the groundwork for an equitable distribution of tokens. Our innovative tokenomics model has been carefully crafted to prevent any concentration of wealth and to promote a diverse and engaged community. Through meticulous planning and thorough research, we have designed a system that prioritizes transparency, fairness, and long-term sustainability.

Token Allocation: As part of our commitment to ensuring a broad and inclusive distribution, we have allocated 7.81% of the total token supply for the ITD phase. This amounts to 2,621,120 tokens, representing a significant portion of the AnonymousX ecosystem.

Token Price: The price per token during the ITD phase has been set at $0.015625. This affordable price point allows individuals from various backgrounds to participate and contribute to the project’s growth, regardless of their financial status.

Minimum Investment: To encourage wider participation, we have set a minimum investment requirement of 28 EGLD tokens. At the time of writing this white paper, 1 EGLD token was valued at $37. This ensures that individuals with varying financial capacities can partake in the ITD phase and help lay the foundation of AnonymousX.

Token Vesting Period: In order to promote stability and align the interests of token holders with the long-term success of the project, the tokens acquired during the ITD phase will be subject to a vesting period of 6 months. This means that the tokens will be gradually released to participants over a period of 6 months, providing a balanced approach that encourages long-term commitment and discourages short-term speculation.

Distribution Method: To facilitate a seamless and efficient token distribution, we have implemented a secure and decentralized mechanism leveraging blockchain technology. This ensures the integrity of the process while safeguarding participants’ privacy and information.

Participation Guidelines: We believe in equal opportunities for all participants, and as such, there are no specific eligibility criteria or restrictions for taking part in the ITD phase. Anyone interested in joining the AnonymousX community, contributing to the project’s foundation, and acquiring tokens can participate. By joining the ITD phase, you will play a vital role in setting the stage for AnonymousX’s success.

Through ITD, we aim to foster an environment where participation is open to all, irrespective of financial status or background. Our mission is to create a level playing field, empowering individuals to embark on their journey with AnonymousX and collectively shape the project’s future.

With the funds raised during the ITD phase, AnonymousX has outlined a clear roadmap for allocating resources towards key aspects of the project’s development. These funds will be instrumental in realizing our vision and driving the project forward. Here’s a breakdown of how the raised funds will be utilized:

Development of dApp and Smart Contract (SC): A significant portion of the funds will be dedicated to the development of our decentralized application (dApp) and the creation of a robust and secure smart contract (SC) infrastructure. This investment will ensure the seamless functionality and efficient operation of the AnonymousX ecosystem and will kickstart the section 3 of our project.

Website Development: Creating an informative and user-friendly website is crucial for establishing a strong online presence and communicating the value proposition of AnonymousX to the community. A portion of the funds will be allocated to the development of our website, ensuring an engaging and accessible platform for users to learn about our project.

Monthly Expenses: To maintain the ongoing operations and support the growth of AnonymousX, a portion of the raised funds will be allocated to cover monthly expenses. This includes costs associated with marketing and community engagement, technical infrastructure, legal compliance, and other essential operational needs.

Employment and Salaries: As AnonymousX aims to operate as a fully functional business entity, we recognize the importance of assembling a talented team to drive the project’s success. To ensure a high level of expertise and commitment, a portion of the funds will be allocated to hiring skilled professionals and paying competitive salaries to support the project’s development and day-to-day operations.

By allocating funds to these key areas, we are confident in our ability to execute the project’s roadmap effectively and deliver on our promises to the community. Transparency and accountability are at the core of our principles, and we will regularly update our community on the progress and allocation of funds to foster trust and maintain open communication.

Please note that the specific allocation of funds may be subject to change based on project priorities, market conditions, and the needs of the AnonymousX ecosystem. We are committed to making prudent decisions to maximize the impact of the raised funds and ensure the long-term sustainability and success of the project.