BOTH Network Unveils Comprehensive Tokenomics for Its Native Token “BOTH”

The BOTH Network has officially revealed the tokenomics for its native token, aptly named “BOTH.” In a recent announcement, the team laid out a detailed allocation plan for the total supply of 100,000,000,000 coins, highlighting a strategic distribution across various critical project units, including a burn mechanism.

According to the team, the allocation is as follows:

1. Team and Founders: 20% – 20,000,000,000 coins

2. Advisors and Partners: 5% – 5,000,000,000 coins

3. Community Rewards and Mining: 30% – 30,000,000,000 coins

4. Ecosystem Development: 15% – 15,000,000,000 coins

5. Marketing and Promotions: 10% – 10,000,000,000 coins

6. Legal and Compliance: 5% – 5,000,000,000 coins

7. Reserve Fund: 10% – 10,000,000,000 coins

8. Burn: 5% – 5,000,000,000 coins

“This allocation ensures a balanced distribution across various crucial areas of the project, supporting its growth, sustainability, and long-term vision,” stated a representative from the BOTH Network team.

BOTH Network is at the forefront of the cryptocurrency revolution, aiming to create a decentralized digital token that users can mine directly from their smartphones. Unlike many other digital currencies, BOTH tokens can be converted to fiat currency without the need for listing on traditional exchanges, providing a seamless and accessible experience for all users.

The largest share of the allocation, 30%, is dedicated to community rewards and mining, underscoring the project’s commitment to fostering a vibrant and engaged user base. This is followed by 20% allocated to the team and founders, ensuring that those driving the project have a vested interest in its success.

Ecosystem development, critical for long-term sustainability and technological advancement, receives 15% of the total supply. Marketing and promotions, essential for spreading awareness and attracting new users, are allocated 10%, as is the reserve fund, which provides financial stability for unforeseen challenges and opportunities.

Advisors and partners, legal and compliance, and the burn mechanism each receive 5%, ensuring that the project has robust support, adheres to regulatory requirements, and maintains a healthy token economy by reducing supply over time.

As the BOTH Network continues to develop and roll out its innovative solutions, the disclosed tokenomics plan provides a transparent and strategic framework that underscores the project’s commitment to balanced growth and community engagement. Users and stakeholders alike will be watching closely as BOTH Network progresses, anticipating the positive impacts of this well-structured allocation on the cryptocurrency landscape. Read More