All-in-All: The ins-and-outs of the MTX Supply
It’s final- all MTX purchases and bonuses have been distributed, rewards and affiliate MTX have been allocated, and excess tokens have been burnt.
Of the 314,159,265 MTX minted on our smart contract, 279,726,879.48 MTX have been burnt to the 0x…000 addresses. A breakdown of the total supply, as of Friday, December 15:
- Total Supply: 34,432,385.52 MTX
- Total Circulating Supply (held by public): 23,224,303.10 MTX
- Matryx Affiliates Allocation (tokens held by team): 11,208,082.42 MTX
- Total Token Sale Revenue: 12,382 ETH / ~$4 million (with a cost basis of $320/eth during the sale)
- Total Burnt Tokens: 279,726,879.48 MTX
The circulating supply is prone becoming larger, as we distribute any additional compensation to auxiliary teams. For instance, some marketing partners agreed to receive bonus compensation in MTX. These tokens will come from the Affiliates Program, under the category of marketing costs. Seeing as the majority of these partner bonuses have been distributed, the 11 million MTX designated for the Affiliates Program now represents less than 40% of the total supply.
Remaining tokens held by the team will be used according to the terms established in our Affiliates Program, primarily as a means to bootstrap adoption of the platform via partnerships and user acquisition. MTX will not be distributed as bonuses or compensation to team members.
Thanks for bearing with us, and I hope this blog answers any questions you have about our Token Sale math- we’ve been true to our word. As always, reach out on Telegram with any questions or concerns. You can expect a response within 24 hours.
UPDATE: As of 12/31/17 293,970.85 MTX was sent for additional marketing partners and the Matryx Rewards Program, so the circulating supply has been updated to 23,224,303.10 from the previous 22,930,332.25
