Introduction
The XTT is a utility token that has benefits in the Trend Token ecosystem. Some benefits include up to 80% discounts on fees, option of becoming a referrer, governance, and token appreciation from token buybacks. For more information visit: https://blog.trendtokens.com/xtt-utility/
This article outlines the token details and distribution of the XTT Token.
Token Specifications
Symbol: XTT
Name: TrendToken Utility
Decimals: 18
Total Supply: 10,000,000
Circulating Supply: 10,000,000
Network: BNB Chain
Address: 0x6e568e89Dc8c68ca3f6d918f30c75A081a14C06E
Initial Distribution
|
Category |
Amount |
Percentage |
|
Trend Token Holders |
4,000,000 |
40% |
|
Developers |
3,000,000 |
30% |
|
dTRM Holders |
1,500,000 |
15% |
|
TRM Burn |
1,000,000 |
10% |
|
Pancakeswap XTT/BNB |
500,000 |
5% |
|
Total |
10,000,000 |
Trend Token Holders
Amount of XTT: 4,000,000 (40% of total supply)
Purpose: Incentivize users to hold Trend Tokens as well as to give them power to vote on future proposals and benefit from the trading fee discounts.
Method: Distributed quarterly for 2 years based on the number of Trend Tokens held at each time. If a user holds 1% of the Trend Token supply at the time of distribution they will get 1% of the distribution amount.
|
Distribution Date |
Tokens |
|
Dec 15, 2023 |
500,000 |
|
Mar 15, 2024 |
500,000 |
|
Jun 15, 2024 |
500,000 |
|
Sep 15, 2024 |
500,000 |
|
Dec 15, 2025 |
500,000 |
|
Mar 15, 2025 |
500,000 |
|
Jun 15, 2025 |
500,000 |
|
Sep 15, 2025 |
500,000 |
|
Total |
4,000,000 |
Developers
Amount of XTT: 3,000,000 (30%)
Purpose: Allow to vote on future proposals and for personal use. May be subject to a locking period at a future date.
Method: Distributed from initial supply
dTRM Holders
Amount of XTT: 1,500,000 (15%)
Purpose: Encourage the migration of users from Tradeium to Trend Tokens who are key users of the same dual-momentum trading system the Trend Tokens utilize.
dTRM address: 0x97cf392ed9203a5bf652d0d79d36bce41c501c76 (BNB Chain)
Method: A screenshot of the dTRM balances found at https://bscscan.com/token/0x97cf392ed9203a5bf652d0d79d36bce41c501c76#balances will be taken Dec 15, 2023 and used for the token distrubtion. Wallet balances below 100 dTRM and the dTRM owned by Tradeium (30% supply) at wallet address 0x7155D4Cf17F9cdA050a8E379993906E62fBc184d will be ignored.
TRM Swap
Amount of XTT: 1,000,000 (10%)
Purpose: Encourage the migration of users from Tradeium to Trend Tokens and compensate users who hold TRM that may not be able to use Tradeium due to Binance being banned in several countries
Method: Starting Dec 15, 2023 users can choose to burn all or a portion of their TRM balance for XTT at a rate of 1:1. They must contact at https://t.me/+3plXPpbiGgAzNDVh. It will work on a first come first serve basis until all 1,000,000 are distributed or until Dec 15, 2024. Any remaining XTT will be included in the next quarterly distribution.
Pancakeswap XTT/BNB
Amount of XTT: 500,000 (5%)
Purpose: Create a market for other to buy XTT to gain the benefits in the Trend Token ecosystem
Method: Supply 500,000 XTT and 10 BNB into a Pancakeswap V3 pool. No specified date at this time.