CLND
Last updated
Last updated
Colend is a native ERC-20 token used for utility and governance within the protocol.
Ticker: CLND
Max Supply: 100 million Contract Adress : 0x30a540b05468a250fcc17da2d9d4aaa84b358ea7
The native token of Colend, CLND, is designed to power participation, reward users, and stimulate liquidity provision through innovative tokenomics. This advanced economic structure ensures a secure and stable protocol while optimizing the growth and health of the Colend ecosystem.
Colend's tokenomics are engineered to fuel engagement, reward participation, and incentivize borrowing. The total supply of 100 million CLND tokens is distributed as follows:
Colend is committed to sustainable growth and community involvement. The vesting schedule reflects this commitment, with a three-year period for all allocations. Team and Strategic Partners have a one-year cliff, followed by a two-year vesting period. Community and reserve allocations are scheduled for a full three-year vesting period, ensuring a gradual and stable release of tokens into the ecosystem.
When locked, CLND transforms into xCLND, enabling holders to participate in governance, earn incomes, and benefit from other platform activities. This model aligns user incentives with Colend's long-term goals by reducing the circulating supply and potentially increasing the token's value over time.
To reward early participation and liquidity provision, 14 million CLND (14% of the total supply) are allocated for community growth. The majority of this allocation will be distributed to users who provide and borrow liquidity on Colend platform.
