Tokenomics

Twikkl has a native token called JIGGY (JGY)

JGY Token

TwikkL's native token, called Jiggy (JGY), is a governance token that will be used to facilitate consensus and provide access to certain features on the platform. It will be based on a blockchain platform, such as Polygon, that supports smart contracts and allows for the creation of decentralized applications (DApps).

Basics of JGY Token

Total Supply: 300 million JGY

The total supply of JGY will be 300 million tokens, with a maximum cap of 300 million tokens that will ever be created. This limited supply ensures that the value of JGY is maintained over time, as the demand for the token increases.

Distribution / Allocation

Team Allocation: 45 million JGY (15%)

The team allocation of JGY will be 45 million tokens or 15% of the total supply. This allocation will be used to incentivize the team and cover expenses related to the development and maintenance of the platform. The team allocation will be locked for some time, to ensure the long-term success and sustainability of the platform.

Airdrops: 15 million JGY (5%)

The airdrop allocation of JGY will be 15 million tokens or 5% of the total supply. This allocation will be distributed to the community through airdrops, to increase awareness and adoption of the platform. The airdrops will be targeted towards key influencers and active members of the community, to build a strong and engaged user base.

Reserve Fund: 30 million JGY (10%)

The reserve fund allocation of JGY will be 30 million tokens or 10% of the total supply. This allocation will be held in reserve to ensure the stability and sustainability of the platform. It will be used to cover expenses related to the operation of the platform, such as hosting and maintenance costs, as well as to fund future development and growth.

Exchange Liquidity and Community: 210 million JGY (70%).

The exchange liquidity and community allocation of JGY will be 210 million tokens or 70% of the total supply. This allocation will be used to provide liquidity on exchanges, as well as to support the growth and engagement of the community. It will be made available to the general public through exchanges and will be used to onboard new users and drive the adoption of the platform.