As a seasoned researcher with a keen interest in blockchain technology and self-custody wallet solutions, I find the recent moves by Ctrl Wallet truly intriguing. With over two decades of experience in the tech industry, I’ve witnessed many initiatives promising growth but few that have delivered on their potential like this one seems to be doing.
As a crypto investor, I’m excited to share that my preferred self-custody wallet, Ctrl Wallet, has unveiled an innovative liquidity strategy for its $XDEFI utility token. This groundbreaking move underscores the wallet’s commitment to sustained growth and brings significant modifications to its tokenomics.
Control’s biggest holders of the XDEFI token, including Delphi Digital, Mechanism Capital, Morningstar Ventures, as well as the company’s co-founders and treasury, plan to secure 32% of the entire XDEFI supply (approximately half of the current circulating amount) within liquidity pools on Uniswap for a period of one year. This move involves locking away approximately 76.9 million XDEFI tokens with the objective of improving liquidity and maintaining stability in the token’s price.
Emile Dubié, CEO of Ctrl Wallet, expressed his firm confidence in Ctrl’s potential by stating this initiative. By allocating a substantial amount of tokens towards liquidity provision, we are not just ensuring the token’s consistency but also setting the stage for future expansion.
The liquidity plan features milestone withdrawals: You can withdraw 25% when the total value of all $XDEFI tokens (fully diluted) exceeds $100 million, and another 25% becomes accessible once the fully diluted value of $XDEFI surpasses $500 million.
In order to motivate token holders even more, those contributing to the project (not including the project’s own funds) will receive a yearly return of 10% on the tokens they deposit.
Furthermore, Ctrl Wallet plans to integrate innovative elements such as in-wallet challenges, a platform for launches, and improved Gas Tank performance. The goal is to enhance user interaction and financial gains. It’s anticipated that these adjustments will advantage $CTRL token holders through the burn-and-buy system.
In the past three months, the number of weekly active users on Ctrl Wallet has more than doubled to reach 400,000, highlighting its increasing impact within the cryptocurrency sector.
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2024-09-10 17:56