$SAVG Tokenomics for the SAVAGE Marketplace
The $SAVG token offers true utility with a path to DAO governance. Our token can be acquired through selling an NFT, staking rewards, liquidity mining rewards and via purchasing through our in-app exchange integration.
$SAVG can be spent on minting NFTs, buying assets and can be sold to either crypto or to stablecoin.
The token can also be held for participation in DAO governance, staking, liquidity mining, and for a special fee discount.
Below are the token economics of the $SAVG token.
The total supply is capped at 1,000,000,000 (1B tokens). There is 3.3% circulating supply at launch (33M tokens) with an initial market cap of $577,500.
Token distribution is as follows:
- 24% is allocated for ecosystem development (240M tokens) vested for 24 months
- 23% is allocated for community incentives (230M tokens) vested for 24 months
- 16.8% is allocated for marketing (168M tokens) vested for 14 months
- 16.2% is allocated for the team and advisors (162M tokens) vested for 12 months
- 10% is allocated for private sale (100M tokens) vested for 10 months
- 5% is allocated for seed sale (50M tokens) vested for 10 months
- 2.5% is allocated for the IDO (25M tokens) vested for 3 months
- 2.5% is allocated for liquidity (22M tokens) vested for 2 months
The offering price for the seed sale is $0.005 for a total of $250K raised, the offering price for the private sale is $0.00950 for a total of $950K raised, and the offering price for the IDO is $0.0175 for a total of $440K raised.
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