The 400,000,000 CorionX utility tokens to be issued by the Foundation will be allocated to 2 parties:
A: 340.000.000 CorionX distribution: to Community, Foundation and Bounty/Team before introduction to the market (end of Q1 2019).
B: 60.000.000 CorionX tokens are allocated as loyalty bonus for stablecoin holders. These will be released within 18 months after launch (end of Q1 2019).
75% of the 340,000,000 CorionX tokens to be issued by the Foundation (255,000,000 tokens) will be distributed among the members, backers and supporters of the stablecoin community before introducing it to the market. (There will be no ICO and no Airdrop for the token distribution!).
To stablecoin community which supported worldwide stablecoin developments, and has Corion wallet, will be able to swap Corion Coin and Corion Premium Token to CorionX, will become part of the entire stablecoin industry. There will be a special bonus value to swap Corions to CorionX before the exchange listing is available to the community. After the exchange listing the swap price will be the same as the market price.
Maximum 20% of the tokens to be issued by the Foundation will be kept within the Foundation to fulfill its goals stated in the Whitepaper.
The Foundation invests through CorionX tokens, promotes promising stablecoin projects and promotes the stablecoin industry's awareness of community growth.
Maximum 5% of the tokens by the Foundation will be distributed between those who were dedicated to help the Foundation’s mission.
Bounty delivery will not be done immediately, but in 12 equal installments for 12 months after the launch happen.
The 60.000.000 CorionX distribution: In 4 installments, 15.000.000 CorionX tokens are distributed each time, in proportion to capital between all public addresses holding CorionX tokens at the following dates.
After the official launch (end of Q1 2019):
Day 90. 15.000.000 CorionX tokens are distributed, in proportion to capital
Day 180. 15.000.000 CorionX tokens are distributed, in proportion to capital
Day 270. 15.000.000 CorionX tokens are distributed, in proportion to capital
Day 360. 15.000.000 CorionX tokens are distributed, in proportion to capita
At the given dates the Foundation scans all public addresses on the entire Ethereum network for the amount of CorionX tokens they hold. Each 15.000.000 token release will be distributed between those addresses that hold CorionX tokens at that given time in proportion to capital (based on the number of CorionX token hold at that time.)