Elumicate University
  • Network Overview
    • ๐Ÿ“œAbstract
    • ๐Ÿ‘‹Introduction
    • ๐Ÿš€Solution Overview
    • ๐Ÿ’ฐRelevant Markets
    • ๐ŸŽฏEvents Tracked
    • โ˜‘๏ธTechnical Features
    • ๐Ÿ›ฃ๏ธRoadmap
  • Blockchain
    • ๐Ÿ”—IoTeX Overview
    • ๐ŸคElumicate & IoTex
      • ๐ŸŒOverview
      • ๐Ÿ“–Architectural Diagrams
  • Tokenomics
    • ๐Ÿช™The ELUM Token
    • ๐Ÿ“ŠInitial Supply and Distribution
    • ๐Ÿ…Mining Rewards
      • โ›๏ธMining Reward Distributions
      • ๐Ÿ‘ซWorker Rewards
    • โ™ป๏ธToken Recycling
    • ๐Ÿ›๏ธGovernance & Staking
  • NFT
  • ๐ŸŽ‰NFT Role
  • workers
  • โ“What's a worker
  • ๐ŸŽ†Worker Rewards
  • referral system
    • ๐Ÿค—Refer a Friend
  • User Experience
    • ๐ŸงชCurrent Status - Explainer
    • ๐Ÿ‘๏ธSmart Vision App
    • ๐ŸŽฆAdding a Camera
      • ๐Ÿ™๏ธCamera Placement
      • ๐Ÿ“ฑMobile Device Camera
      • ๐Ÿ“ท3rd Party Cameras
        • โœ…Tested Cameras
          • ๐Ÿ“ธTP-Link Onboarding
          • ๐Ÿ“ธReolink Onboarding
        • ๐Ÿ“บFinding video access link (url)
        • ๐Ÿ”Port forwarding Router / Firewall
        • ๐Ÿš๏ธFind your Public IP address
      • ๐ŸŽ†Camera onboarding Steps in App
      • ๐Ÿ‡Add a Camera using a Raspberry Pi
      • ๐Ÿ›๏ธCamera stream Disclaimer
    • โญPotential Risks
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  1. Tokenomics

Initial Supply and Distribution

PreviousThe ELUM TokenNextMining Rewards

Last updated 1 year ago

The ELUM token will be issued on the IoTeX Root Chain with a maximum supply of 20,000,000,000 tokens minted at launch. However, the majority of these tokens will be locked and released gradually over time, ensuring controlled distribution and scarcity.

Mining rewards within the Elumicate Network are distributed based on a weight rating system. This rating is determined by various factors, including the capture device (camera) used, ownership of NFTs, staking activities, and participation in data mining and processing.

In addition to mining rewards, tokens are also allocated to the internal team, operations, ecosystem development, and treasury. However, these tokens are subject to a vesting schedule of 48 months. The vesting period means that the tokens will be gradually released over a 4-year period, starting from the 1st day of the 6th month after the launch date. Each month, 1/48th of the locked amount will be distributed.

This structure ensures a controlled release of tokens and provides long-term stability and commitment to the growth and development of the Elumicate Network. It also aligns the interests of the token holders and the project's success over an extended period.

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