Phase 1: On TGE (Token Generation Event)
- inCredbull Earn Ecosystem Funding & Rewards
- $CBL Token Buyback: To sustainably fund the inCredbull Earn ecosystem, Credbull implements a weekly buyback of $CBL tokens from centralized exchanges through 3rd party market makers. The amount of tokens purchased is equivalent to 1.0-2.0% of the Total Value Locked (TVL) in the platform, and is funded from the operating profit of the Fund.
- $CBL Token Rewards: 50% of the purchased $CBL tokens are distributed as rewards to inCredbull Earn users on a monthly basis. The $CBL reward allocation is based on a user's tier performance, with multipliers of 4x for Tier 1, 2x for Tier 2, or 1x for Tier 3.
- $CBL Token Burn: The remaining 50% of the bought-back tokens are permanently removed from circulation through a burning mechanism. This process continues until the total supply of $CBL tokens is reduced by half, introducing a deflationary aspect to the token economy.
- inCredbull Earn Recurring Rewards Boosted by Locked $CBL
- Boosted Rewards: Extra rewards for users who lock their $CBL tokens. This mechanism will incentivize token ownership and encourage long-term engagement within the inCredbull Earn ecosystem.
Updated 3 months ago