Update on Nord Finance token distribution: Transparency of purpose
One of the core tenets of blockchain technology is the radical transparency it enforces on systems through decentralized ledger technologies. Anyone can quickly verify information without the need to trust the vested parties in question. Our mission at Nord Finance is to make DeFi accessible to all; we also owe it to our community to render proper accounts regarding our tokenomics. We have previously released our tokenomics before the Nord IDO to reinforce transparency about Nord Finance in its entirety. Today, we aim to continue our efforts of driving transparency with complete disclosure on the internal operations of Nord.
NORD Token distribution chart
In more specific details, see below our token distribution chart to help you get a clearer picture of each party’s holdings and vesting period.
NORD token allocation table with the vesting schedule
Below is the monthly vesting schedule of both Ecosystem and Foundation as per the tokenomics document disclosure
“Under Nord Finance Ecosystem, we have allocated 2,500,000 $NORD to be distributed for future community-based platform reward programs for the next 24 months.
1,500,000 $NORD is allocated for a foundation with 24 months vesting for future strategic funding needs and product development.”
Nord Foundation and Nord ecosystem tokens with a proper vesting schedule will be released from our smart contract. This is an update on the latest token release from our contract and how we are handling it to help with clarity as we make transparency our watchword.
So, since the release of the NORD token in about four months now, our smart contract has released the ecosystem and foundations token from the first month. These token releases have been accumulated inside the smart contract over the months but will now be transferred to a separate treasury wallet. We intend to continue this practice every month to avoid a single surge of tokens released into the circulating supply later stage due to the monthly ecosystem and foundation token accumulation. Moving forward, we will be adhering to the monthly release of the tokens into the treasuries to avoid supply shocks in the ecosystem
Please see the breakdown of the accumulated tokens so far:
ECOSYSTEM =347222.22 will be released to https://etherscan.io/address/0xc4Cb6eBCe4866e9C58852e39aA44d564e4c36947
FOUNDATION = 312499.99 will be released to https://etherscan.io/address/0x6Af8aceaa7b92937D8d5220d2568c72dE1C8d10b
About Nord Finance
Nord Finance, a blockchain agnostic platform, is an advanced decentralized financial ecosystem that simplifies decentralized finance products for users by highlighting traditional finance’s key attributes. Deployed on the Ethereum Network, it integrates multi-chain interoperability, thus proposing a plethora of financial primitives, which constitute savings, advisory, loans against assets, investment/funds management, and swaps.
At Nord Finance, we build a one-stop advanced decentralized financial ecosystem to serve the rising needs targeting novice users and professionals to meet their financial goals.
