full image - Repost: Ctrl Wallet investor, founder, and treasury commitment (from Reddit.com, Ctrl Wallet investor, founder, and treasury commitment)
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https://ift.tt/XMiAdTn largest $XDEFI holders have come together to deposit 32% of the total $XDEFI supply into AMM liquidity pools (i.e. Uniswap) for an expected period of 12 months.The largest three investors, the two co-founders and the company’s treasury will lock a total of 76.9m $XDEFI tokens into liquidity pools. These commitments involve participants depositing their existing liquid and circulating $XDEFI tokens.Liquidity Pool Deposit Plan for $XDEFIKey Participants:Three Largest InvestorsCo-FoundersCompany TreasuryTotal Contribution:76.9 million $XDEFI tokens (32% of total supply and at the time of writing, 50% of current circulating supply)Duration: Until September 2025, with withdrawal options based on milestones after 6 months.Key Benefits to the Community and $XDEFI holders:Alignment with Investors:Largest holders are committed to the long-term success of the project.Reduces potential sell pressure from large holders.Increased Liquidity:Significantly deepen liquidity in the pools.Circulating Supply Increase:Circulating supply will increase to approximately 70%, primarily due to the transfer of treasury tokens to liquidity pools.Deposit Structure:Total Tokens Deposited: 76.9 million $XDEFI tokens.Percentage of Total Supply: 32%.Vesting: Participants will proactively commit the majority of their liquid tokens into the pools.Fee Utilisation: 100% of the LP fees will be used to purchase $XDEFI tokens on the open market and burn them, reducing the overall supply.Liquidity Management: The tokens will be transferred to the company’s multisig wallet, and the liquidity provision will be managed by the team throughout the period.Withdrawal Conditions:After 6 Months:25% of liquidity can be withdrawn when $XDEFI reaches a $100M FDV.25% can be withdrawn at a $200M FDV.25% can be withdrawn at a $300M FDV.Final 25% can be withdrawn when $XDEFI reaches a $500M FDV.Note contributors (excluding the project treasury) will receive a 10% APY on their deposited tokens to incentivise maintaining liquidity when milestones are met.After September 2025:All tokens can be withdrawn irrespective of FDV.A reassessment with investors will take place to potentially expand the structure.Tokens from the treasury will remain in the pools.$XDEFI to $CTRL Migration:In September we plan to migrate the token ticker from $XDEFI to $CTRL.This is important so that new $CTRL users are able to easily find the token.In addition, we will change the model to buy-and-burn. 75% of all revenue generated in Ctrl Wallet will be used to buy $CTRL on the open market (i.e. in Uniswap), and all purchased tokens will be burned.As we build out Ctrl Wallet, we will be adding new revenue generating features including in-wallet quests, a launchpad, and expanded Gas Tank functionality.—This is the first step in our overall migration from the $XDEFI token to the $CTRL token. We will share more details about the token migration in a separate post.We are truly grateful for the support of Mechanism Capital, Morningstar Ventures, Delphi Digital and the individual investors who offered to contribute.
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