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3. Token Economics
We will use long-term token locking & burning to maintain strong tokenomics.
APRIL Token is minted on the Binance Smart Chain (BSC) under the BEP20 standard.
Token Address: 0xbfea674ce7d16e26e39e3c088810367a708ef94c
Name: April Token
Token Audit: Completed
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.
To maintain strong tokenomics and not flood the market with unnecessary supply we shall implement a multi-year token locking schedule.
We have used Wault Finance as our long-term token locker, please see the below links for further details.
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 8 years ago and laid the foundation of what April is today. Distribution to NEWB/NXTTY token holders will begin in APRIL 2025 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.