1,826,208 CONSULT coins in circulation now (no more minting in the lifetime of the project). No introduction of coins in market later from a development wallet, founder’s wallet etc.
Number of tokens in circulation will go down over time due to burning (see whitepaper). No dilution of value – ever
Token value is designed to be robust.
Fixed amount purchased from open market every month (1% of token sales):
- 70% of the tokens purchased will be burnt
- 30% will be added back to the liquidity pool with matching value
Note: This will be for 3 years from token launch
The CONSULT coins earned by the consulting services shall be used as follows:
- 80% will be burnt.
- 20% will be sold on the open market to pay for ongoing project development/maintenance costs.
Note: This will be for 3 years from token launch
After three years, the Consult Crypto team will offer immediate liquidity at:
1 CONSULT coin = 24 cents USD
It does not mean that after 3 years the market (ZilSwap) price of the token will not be less than or more than 24 cents – it could be anything. The aim is to put a floor (minimum value) to the price, not to restrict with a ceiling
Maximum 21.6 million CONSULT coins will be ever minted and circulated.
CONSULT coin value keeps increasing – by regular coin burn and by adding liquidity
Stake and earn rewards in ZILs. 8 ZILs per 1000 CONSULT coins staked for 30 days
Kiran Addepalli, CEO of CyberCodee, LLC is a seasoned technologist in Financial, Insurance and Retail industries.
He is a security and payment solutions expert and has developed several solutions ranging from IAM solutions, Budget and Forecasting solutions.
Kiran is passionate about bringing Identity and Compliance to DEFI in general, Lending and Borrowing and NFTs.
He also co-chairs the technology specification for cross-chain Global Digital Identities as part of ADI Association.
CTO of DCPL Technologies, Kolkata, India. Operating since 2009, DCPL is a software development house focusing on business critical web, mobile and crypto applications. DCPL team has delivered (and currently working on) the UFFS and the Hg Exchange applications.
CEO of Blast Asia, Manila, Phillipines. Headquartered in the Philippines and founded in 2001, BlastAsia has 20year+ experience of global product engineering across the world. Powered by Catalyst Suite, cutting down go to market by 40% percent.