3. Token Economics
We will use long-term token locking & burning to maintain strong tokenomics.
APRIL token aims to be multi-chained living on not just one but a multitude of chains at the core of the internet of blockchains. By being on more than one chain we will make use of AMM’s and cross chain protocols to provide APRIL token strong interchain tokenomics. APRIL token will be minted on the Binance Smart Chain under the BEP20 standard. A portion of the token base will be moved to Ethereum’s Uniswap V3 once it reaches mainnet via cross chain bridge. By taking advantage of the strong liquidity in the Binance Smart Chain & Ethereum ecosystem we aim to further strengthen the tokenomics both short and long term.
Token Address: 0xbfea674ce7d16e26e39e3c088810367a708ef94c
Name: April Token
Symbol: APRIL
Decimal: 18
Token Audit: Completed
Auditor: QuillAudits
We are currently trading on the below exchanges.
APRIL governance token is the primary use case and method for holders to guide the direction of April. The governance aspect is critical in enabling April to grow and prosper over the years to come. We are building April for long term success and we hope the community as a whole will make effective decisions that maximize that possibility. The APRIL governance token allows each holder to play their part in facilitating the process of effective decision making via voting. Specific guidelines on governance voting will be publish at a later date.
Please see the completed governance votes by clicking the below link:
The total APRIL token supply base is 125,000,000. Token distribution is as follows.
Token Model | % | Number of token |
Marketing Fund (Long-term) | 26% | 32,250,000 |
Development Fund (Long term) | 20% | 25,000,000 |
Newb/Nxtty Community Allocation | 20% | 25,000,000 |
Liquidity Mining Program | 10% | 12,750,000 |
Airdrops & Promotions (Short-term) | 11% | 13,500,000 |
ILO/IDO | 6% | 8,000,000 |
Lock Liquidity Pool Tokens | 5% | 6,500,000 |
Seedswap | 2% | 2,000,000 |
To maintain strong tokenomics and not flood the market with unneccesary supply we shall implement a multi-year token locking schedule.
Number of tokens | Token release schedule |
25,000,000 | April, 2021 (20% circulating supply) |
18,500,000 | October, 2021 (3.5 million airdrop allocation to be burned and equals 2.8% of total token supply) |
15,000,000 | April, 2022 |
15,000,000 | October, 2022 |
17,000,000 | April, 2023 |
17,000,000 | October, 2023 |
17,500,000 | April, 2024 (Newb/Nxtty community distribution starts) |
We have used Wault Finance as our long-term token locker, please see the below links for further details.
Lock transaction for 18,500,000 APRIL https://bscscan.com/tx/0x42ae7826729273152064aa95e8645b695bfb80d6a4e15122b304f8f1cabfaa3b
Lock transaction for 15,000,000 APRIL https://bscscan.com/tx/0xe8faaeb6cabc987b5283994c2ae0bfea8b7d63ba5591d904b605069698f2c684
Lock transaction for 15,000,000 APRIL https://bscscan.com/tx/0x1d26360f44f3d22da0190716877a672c866122c2cf31ec6876e8a1bca9e77618
Lock transaction for 17,000,000 APRIL https://bscscan.com/tx/0x35c29809540eada9538530ba688d447f1e8db248f168994085a1b6c754c2345e
Lock transaction for 17,000,000 APRIL https://bscscan.com/tx/0xcbe6587d2838e00eb10c6d6b9d42d0bbe26b522198245d9a745573e5a5867e4e
Lock transaction for 17,500,000 APRIL https://bscscan.com/tx/0x191c467a9b0ec76a2c1b9a81e18bcbe4f03bbc324b16315e624a32a5f52d1ea9
All fees generated from April token services minus network expenses will be used to buy APRIL tokens from the market. Any APRIL tokens bought from the market will be burned to reduce the circulating supply base and contribute to the appreciation of token value. APRIL token is not a security nor does it provide dividends, profit sharing or any other monetary entitlements.
Those who hold NEWB/NXTTY tokens will be distributed 20% of the APRIL token base. This distribution is because April project was created out of the Newb/Nxtty projects. April's genesis began with blockchain oracle design work done for Nxtty Altcoin Composite Index (NxttyACCI). This work was started more than 6 years ago and laid the foundation of what April is today. Distribution to NEWB/NXTTY token holders will begin in APRIL 2024 as outlined in the long-term token lock and release schedule.
We hold marketing & development efforts in high regard so that is why we have set aside large portions of the token base for these efforts over the next coming years. 26% will be allocated for our marketing efforts which will be a priority for making April a leading project in this space. 20% will go towards development work of the project which will be lean, impactful and innovative so that we can maintain our competitive edge.
Centralized Seedswap via BNB <> APRIL direct token swap.
Seedswap was completed on April 15th 2021 with 44.85 BNB being swapped for APRIL tokens.
Decentralized ILO/IDO, we will be offering 6% or 8,000,000 tokens.
Our IDO is completed. It was done on Unicrypt Launchpad with 445 BNB being swapped within 3 minutes for April tokens. The market on Pancakeswap was initiated upon completion of the IDO.
Last modified 3mo ago