CNW (Coinwealth)

1. IEO Issue, Marketing, Barters 

A section of the allocation has been set aside for expenses related to the Issue, setup, marketing costs, commissions, referral rewards for introducers and barter transactions during the pre-IEO phases. Any unused portion of this allocation will be exclusively assigned for marketing CoinWealth as a brand post Go-live of the Portfolios. 

1. ii. IEO Sale 

A total of 18.20 million coins have been set aside for the sale during the Private Allotment and 3-phase Public IEO. 

1. iii. Pool Liquidity 

Allocations to the Pool will be utilized by the CoinWealth team in a Transactions Wallet Account to manage liquidity, list of new exchanges, run tests on new portfolios, handle redemption requests, and make payments to vendors supplying services for the operations of the Portfolios. 

1. iv. Staking Reserve 

Staking Rewards will be payable to participants over a period of 7 years (or until all supply is exhausted) at the simple rate of 10.80% per annum as long as they submit their tokens into a lock. Tokens once locked cannot be withdrawn for use or sale for a period of 1 month. Payments will be made once every 10 days on a simple interest basis. All payments will be made from the Staking Reserve set aside for the purpose. Tokens paid out in rewards to the User Wallet will not be subject to a lock and may be used for payments of fees or sale or transfers. 

1. v. Future Sales – Limited Reserve 

Future Token Sales will be from the Limited Reserve at a price NOT less than 2.6x of the average issue price in Phase 3 of the IEO and will be subject to open market bids at the time of such issue. This protects all buyers of past issues from inflationary risks in the event there is not enough demand for such IEO, IDO or market sale. Any excess or unsold tokens during the IEO will also automatically revert to this Reserve balance. Further, this reserve has been created to ensure that there is a definite lifetime cap on the total number of tokens that are issued. We will seek to raise more funds in line with the demand for the CNW Token.