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Methodology

Explaination of features of the White Paper and how they are implemented in the CognideX White Paper.

CGDX Token Distribution Methology​

  • Seed Sale: 10%

    • Initial investors and supporters to kickstart the project implementation on the Polkadot blockchain.

  • Team: 17.5%

    • Founding Team, Advisors, Team, Open Source Developers. Used to incentivize the team to build and grow the CognideX platform.

  • Ecosystem: 25%

    • All the actors in the CognideX ecosystem. Used to incentivize the members of the ecosystem to contribute to the growth of the platform.

  • Treasury: 5%

    • Used to fund the development and growth of the CognideX platform.

  • Early Adopters: 2.5%

    • Early users and supporters of the CognideX platform. Used to incentivize early adoption and growth of the platform, to boost the initial user base.

  • Governance: 15%

    • Used to incentivize the community to participate in the growth and development of the CognideX platform.

  • Future Development: 25%

    • Used to fund the future development and growth of the CognideX platform. Including the incentivization of new features, products, and services.

CGDX Release Schedule Methology​

  • TGE: Token Generation Event

Seed Sale: 10% at TGE:​

  • Private Sale: 7% at TGE, with a 12-month vesting period.

    • We want to incentivize early investors to hold their tokens for a longer period of time. This will help stabilize the price of CGDX and prevent early investors from dumping their tokens on the market.

  • Public Sale: 3% at TGE, with a 6-month vesting period.

    • A shorter vesting period for public sale participants to incentivize them to hold their tokens for a shorter period of time. Public sale participants will be the first users of the CognideX platform, and we want to incentivize them to use their tokens to contribute to the growth of the platform and most importantly, to provide feedback and be part of the community.

Team: 17.5% with a 2-year vesting period:​

  • Founders: 4.5% with a 2-year vesting period.

    • We want to incentivize the founding team to stay with the project for a longer period of time. This will help ensure the long-term success of the CognideX platform. This will be a KPI for the team to achieve their milestones and deliver on their promises.

  • Advisors: 2% with a 1-year vesting period.

    • We want to incentivize the advisors to stay with the project for the first year of the project implementation. This will help ensure the success of the CognideX platform and provide valuable insights and guidance to the team. As the team scales, we can have new advisors join the project and provide fresh perspectives.

  • Open Source Developers: 5% with a 2-year vesting period.

    • We want to incentivize the open-source developers to contribute to the growth of the CognideX platform. This will help ensure the long-term success of the platform and provide valuable contributions to the community. The release schedule will be based on the number of PRs merged and the quality of the code.

Ecosystem: 5% at TGE, 5% released over the next 4 years:​

  • Economic incentives for the actors in the CognideX ecosystem. Used to incentivize the data pool contributors and analysts to contribute to the growth of the platform. This includes the recurring incentives for the data pool stakers.

Treasury: 5% at TGE, circulating supply:​

  • Used to fund the development and growth of the CognideX platform. This will help ensure the long-term success of the platform and provide the necessary resources to the team to build and grow the platform.

Early Adopters: 2.5% at TGE, with a 6-month vesting period:​

  • Used to incentivize early users and supporters of the CognideX platform. This will help boost the initial user base and provide the necessary resources to the team to build and grow the platform.
  • Early adopters will be incentivized to hold their tokens and be part of the community as the first users of the CognideX platform forming the core of the community and providing valuable feedback to the team.
  • First 10,000 users will receive a bonus of 100 CGDX tokens each.
  • The first 10,000 users will also receive the rest of this token allocation as a bonus over 6 months but will not be able to sell or transfer their tokens until the end of the 6-month vesting period.

Governance: 15% with a 4-year vesting period:​

  • Used to incentivize the community to participate in the growth and development of the CognideX platform. This includes the economic incentives for the governance participants, marketing, and community development.

  • Marketing: 5% with a 4-year vesting period.

    • We want to incentivize the marketing team to promote the CognideX platform and help grow the user base. This will help ensure the long-term success of the platform and provide valuable contributions to the community.

  • Community Development: 5% with a 4-year vesting period.

    • We want to incentivize the community development team to engage with the community and provide valuable resources to the users. This will help ensure the long-term success of the platform and provide valuable contributions to the community.

  • Governance Participation: 5% at TGE.

    • This fund will be used to incentivize the community to participate in the governance of the CognideX platform. This will help ensure the long-term success of the platform and provide valuable contributions to the community.

Future Development: 25% with a 4-year vesting period:​

  • Used to fund the future development and growth of the CognideX platform. This includes the economic incentives for the development team, new features, products, and services.
  • This fund will also be used to fund the development of the CognideX platform on the Polkadot blockchain and other blockchains. This will help ensure the long-term success of the platform and provide valuable contributions to the community.