Update from our dev Bodhi
Hello,
Heres a general post about the direction we are heading and what is the general outline of the things you worry about:
Part 1:
ZEN Tokenomics
Total ZEN Supply: 100.000.000
Dynamic deflation rate: Depends on the Uniswap price oracle
Burn stops when the supply reaches 20.000.000
YIN Tokenomics
Pre-mined: 20.000.000 (20% of the total supply)
Total YIN Supply: 100.000.000
When the total supply is reached, supply burn starts.
Dynamic deflation rate (same as ZEN)
Burn stops when the supply reaches 20.000.000
I thought of this process as the Dualism phase. ZEN and YIN are basically the same token on different directions. ZEN starts with 100.000.000 and the burn stops at 20.000.000. YIN starts with 20.000.000 and minted with various methods that I mentioned on whitepaper. When the minting process ends; deflationary aspect triggers and the supply burns with the same dynamic deflation mechanism with ZEN and the burn stops at 20.000.000. At the end, these two tokens will meet at the same supply and I decided to call it the Dualism phase. Since all these tokens are multi-faceted and used in various ways, I tried to add some flavor to the ecosystem. Details of the process is discussed in the whitepaper. Ill try to write a more comprehensive whitepaper on the whole ecosystem.
YANG Tokenomics
YANG Total Supply: 32000
Pre-mined: 2000
Rest of the YANG supply will be minted through liquidity mining. YANG minting process and the governance feature is discussed in the whitepaper.
Part 2:
Supply Allocation:
Pre-Sale Round 1 (15% of the supply)
67.68 ETH has been raised. Unsold ZENs were burned.
Pre-Sale Round 2 (33.5% of the supply)
Original Hard Cap: 1240 ETH (67% of the supply)
Revised Hard Cap : 620 ETH (33.5% of the supply)
Allocation of the remaining 33.500.000 ZENs will be decided after the community discussion.
150 ETH has been raised (8.333.333 ZENs has been sold)
Unsold ZENs: 25.167.000
Whats Next?
Since the marketing efforts and the community reach has been slow during the round 1, I decided to lower the projected original cap to half and started a marketing campaign. Our admins were quite helpful/hard working during the process. Our efforts paid off and our discord channel has reached almost 200 members. Appreciated.
Since the marketing is a slow burning process, I decided to ramp up the marketing efforts a bit and start a third round. Pre-Sale Round 3 will be auctioned on bounce at UTC 10, today with the Uniswap listing price (49000 ZEN/1 ETH).
Short Term Roadmap
September 25, Pre-Sale Round 3 (3 days)
September 28, Pre-Sale Round 3 ends
September 29, Community discussion on how to allocate the collected ETH and what to do with rest of the pools.
September 30, Uniswap Listing (Liquidity will be locked through Unicrypt)
September 30, YIN contract deployment and the staking