CryptoBank Token/Tokenomics

CBToken will be used in the CryptoBank platform for making payments to merchants that support or private buyer/seller transactions. CBToken can also be exchanged with other crypto pairs on open exchanges, privately, or just store for future use. CryptoBank is a payment system that enables you to use the coin and spend it independently alongside a system that grows in synergy with the coin. Moreover, using CBToken on the payment platform will have additional benefits to further stimulate its growth.

Token Economics is the description and implementation of economic systems designed for a blockchain or blockchain solution. The blockchain token is the core of the economic system. The objective is to increase usage and value by:

• Provide token rewards for actions/participation.

• Use tokens to purchase services/assets.

• Describe token allocation to investors.

CryptoBank will use the Nuls network and its Nul-20 smart contract to host the CBT Token. Nul-20 smart contracts follow a list of standards so that they can be shared, exchanged, or transferred to a crypto wallet. CryptoBank has allocated 30% of the token supply to the CryptoBank reward/Bounty ecosystem. Utilizing the Nuls network will make it simpler to analyze how many tokens each member is holding and what level of membership each member has achieved. The total supply of the CB Token is 700,000,000. This is the permanent total supply and no more tokens can be minted. The CB Token was created under Nuls Blockchain

CBToken analysis

Total token supply: 700,000,000 tokens

1. Early Development: 70 M (10%) It is used for community construction and promotion in the early stage.

2. Cornerstone Investment: 70 M (10%) It is used for the participation of institutions and partners, bringing more resources and institutional partners to the ecosystem, and promoting the development of the project.

3. Foundation: 70 M (10%) It is used for the team development and R&D, as well as the long-term development fund support of and sustainable development of the project.

4. Marketing: 70 M (10%) Destined for marketing purposes and exchange listing activities

5. SCO: 35 M (5%) For early distribution for NULS community using SCO process. This will allow to build up a community organically from the ground up.

6. NULS Foundation: 35 M (5%) (Suggested not mandatory) Destined for cross-promotion activities to help build up both communities organically. NULS Core team will directly support and other activities.

7. Rewards/Bounty program: 210 M (30%) Created to reward/incentivized participants/users. A disinflation ratio may be added later.

   8.IEO program: 140 M (20%) This allocated token will be used for the Cryptobank IEO program on different exchanges.

CBToken in circulation

Only a 60% ratio of the total supply will be in circulation at this earlier stage in order to help control CBToken value at the market.

CBToken earlier stage circulation as follows;

• SCO: 35 M (5%)

• NULS Foundation: 35 M (5%)

• IEO program: 140 M (20%)

• Rewards/Bounty program: 210 M (30%)

The remaining 40% ratio will be locked up for the moment

Locked up CBToken

Locked up CBToken as follows;

• Marketing: 70 M (10%)

• Foundation: 70 M (10%)

• Early Development: 70 M (10%)

• Cornerstone Investment: 70 M (10%)