b. 📊 Token Distribution and Allocation

Updated May 2023

Ibiza Token ($IBZ) has a total supply of 1 billion tokens. To enhance the tokenomic model, we have made updates to the distribution and allocation. Here are the details:

All operations related to the core team (ibizatoken.eth) will be conducted on Arbitrum, our new primary network. Additionally, we will implement locking mechanisms through hedgey.finance to ensure the responsible use of these tokens.

Total token supply: 1,000,000,000 IBZ

Tokens on Arbitrum for redistribution: 776,551,149.321634 IBZ (77.6551%) / deployer ibizatoken.eth

Tokens on Polygon : 163,707,168.274641468469531988 (16.3707%) / holders

Tokens on Ethereum : 59,741,682.403724531530468011987 IBZ (5.9742%) / holders

New Distribution :

A. 10% (77,655,114.9321634 IBZ) - Uniswap v3 liquidity:

This allocation will be used to provide liquidity on Uniswap v3, which will help ensure a healthy and active market for IBZ tokens. By focusing on Uniswap v3 as our primary liquidity pool, we aim to provide efficient and decentralized trading opportunities for our community.

B.15% (116,482,672.3982451 IBZ) - Liquidity reserve for CEX listings and new chain allocations :

This allocation will be used as a reserve for providing liquidity specifically for CEX listings and allocating liquidity to new chains. It aims to ensure that IBZ tokens are available for trading on centralized exchanges and can be integrated into different blockchain networks, expanding the token's reach and accessibility.

C. 10% (77,655,114.9321634 IBZ) - Strategic partnerships and ecosystem development:

This allocation will be used to establish strategic partnerships with other projects and platforms that can help expand the Ibiza Token ecosystem. It will also be utilized for ecosystem development, such as building new features and integrations.

D. 10% (77,655,114.9321634 IBZ) - Foundation:

A portion of the token supply will be allocated to a charity foundation, which will support various causes and initiatives on the island of Ibiza. These funds will be utilized for social projects that benefit the Ibiza community.

E. 35% (271,727,392.3140669 IBZ) - DAO treasury:

A significant portion of the token supply will be allocated to the DAO treasury, which will be controlled by the community through a decentralized governance process. This will give the community a direct say in how the project develops over time. The tokens allocated to the DAO treasury will also be subject to locking mechanisms implemented through Hedgey.finance, ensuring responsible governance.

F. 10% (77,655,114.9321634 IBZ) - Core team, advisors, and future hires:

This allocation will be used to compensate the core team, advisors, and future hires who contribute to the development of the Ibiza Token ecosystem.

G. 10% (77,655,114.9321634 IBZ) - Community rewards:

This allocation will be dedicated to community rewards and incentives. It will be distributed through various methods, such as airdrops, liquidity mining, staking rewards, and other community-driven initiatives. These rewards aim to foster community participation and engagement, driving demand for the token and ensuring a vibrant ecosystem.

This updated tokenomic model ensures a strong market for IBZ tokens while also empowering the community through the DAO and incentivizing participation in liquidity provision and staking.

The team and advisor allocation will be vested over a period of 2 years, with a 6-month cliff period. This allocation will be used to attract top talent and industry experts to the Ibiza Token ecosystem, ensuring the project's long-term success.

The community rewards allocation will be distributed through a variety of methods, including airdrops, liquidity mining, staking rewards, and other community-driven initiatives. This allocation is intended to incentivize participation in the ecosystem, driving demand for the token and increasing its value over time.

This revised token distribution and allocation will replace the previous distribution outlined in the earlier version of the Ibiza Token whitepaper. The new allocation is designed to ensure the long-term sustainability and success of the Ibiza Token ecosystem, while providing opportunities for community involvement and engagement. The 10% allocation for the Charity Foundation will be used specifically to fund social projects that benefit the Ibiza community nd its surrounding areas. The Foundation will work closely with local organizations and community leaders to identify areas of need and allocate funds accordingly.