Tokenomics

The TIX tokenomics have been carefully crafted to empower our community, drive growth, and contribute to academic research within the Blockchain ecosystem, and have been designed to fuel both product utility & sustainability within our vibrant community.

The 500,000,000 TIX supply is allocated according to the following chart:

Fig. 16. The TIX token distribution

At the heart of Timeworx.io lies our commitment to the Community. 33%, or 165,000,000, of TIX is allocated for Staking Rewards, Airdrops, and Community Projects. We believe in rewarding our loyal users and supporting initiatives that drive our ecosystem forward:

1. Staking Rewards: 15% or 75,000,000 TIX are distributed to all holders that lock their TIX for securing the data processing protocol. Staking Rewards will be released linearly each month, for the first 30 months after TGE.

2. Airdrops: 15% or 75,000,000 TIX are used to reward and incentivise our community for participating in actions and events that actively engage with Timeworx.io. This allocation will be released in five instalments, distributed in a linear decreasing progression, every 3 months, starting with TGE.

3. Community Projects: 3% or 15,000,000 TIX are reserved for promoting projects developed within the community in partnership with Timeworx.io. These funds will be unlocked in three instalments, one for each of our first three years after TGE.

The Growth allocation of 28% or 140,000,000 TIX is reserved for ensuring the liquidity of our ecosystem throughout time and financing our future marketing and sales pipelines. Unused funds are burned once the next amount is released, as a part of our deflationary mechanics. This allocation is divided into three slices:

1. Liquidity Reserve: 10% or 50,000,000 TIX are reserved for the listing on centralised exchanges. The full amount is scheduled to be released during our first two years of operation, after the TGE.

2. Marketing: 8% or 40,000,000 TIX are exclusively allocated for marketing efforts in promoting Timeworx.io in B2B partnerships. This allocation will be released linearly every 6 months, starting 6 months after our TGE.

3. Company Reserve: 10% or 50,000,000 TIX are reserved as a “rainy-day” fund and should only be used in case of extreme emergencies. The Reserve will be unlocked at the end of each new year of operation in four equal instalments, starting one year after the TGE.

In total, we have reserved 17% of our tokenomics for token sales, divided as follows:

1. Public Sales: 5.92% or 29,604,000 TIX have been reserved, in the true spirit of DeFi, for the Public Sale. All tokens will be subject to lockup requirements specific to each of the Token Sale regiments, and incentives for staking TIX will be provided to all token holders. This round of funding will enable us to carry out our roadmap successfully.

2. Private Sales: 11.08% or 55,396,000 TIX are allocated for our Seed and Private Sale investors. These tokens will have a 3 month locking period. These two rounds of funding are ensuring the initial run-way for engineering and marketing efforts, as well as an extension of the team to reinforce our Customer Discovery process to reach market-fit.

The Bootstrapping allocation of 10% or 50,000,000 TIX is committed to advancing academic research and fostering innovation through partnerships with universities worldwide. Aside from kicking-off use cases for our B2B partners, the Bootstrapping fund is used in our University Outreach Programme, in which we will be selecting and funding a series of academic projects that are in dire need of data processing. This will ensure the universities get the proper funding and support for processing their data at no costs, for advancing technology and promoting innovation into the market. Furthermore, all of these funds will eventually make their way into the hands of the community as rewards for solving tasks. These funds are unlocked monthly in a linear fashion, across four years after TGE.

The Team allocation of 9% or 45,000,000 TIX is reserved as incentive for upholding the highest standards in the continuous development of our platform, as well as for growing our team. With a four-month cliff, these funds will then be linearly unlocked each month, for the next three years after TGE.

Lastly, we have committed 3% or 15,000,000 TIX for our trusted Advisors, as both recognition, as well as incentive for the invaluable advice and insights that they have and will be providing us with. Their guidance is instrumental in strengthening our competitive position, designing our business and financial models, navigating both the DeFi and TradFi worlds, and adhering to Open Science and Open Data principles. This allocation is unlocked yearly

The full unlocking schedule for TIX across the next four years, as well as vesting schedules, are illustrated below:

Fig. 17. The TIX supply evolution in time