CLY Roadmap
Q4 2024: Testnet Phase
Release Testnet Version
Deploy testnet and engage the Discord community.
Engage Discord Community
Conduct testnet webinars and gather feedback. Host regular webinars and AMAs to interact with the community and address concerns.
Q1 2025: Community Rounds
Conduct the ICO in phases (4-12 Weeks)
Offer 160 million CLY tokens for sale at $0.10 each.
Q2 2025: Mainnet Launch
First Governance Event on Mainnet (GA)
Transition to Solana mainnet and kick off the first governance event.
H2 2025
Expand to Global Markets
MENA/ Sharia Compliance
Why CLYs?
CLY tokens play a crucial role in shaping the Clynto protocol through governance. By holding CLY tokens, you gain the power to vote on key aspects that directly impact the platform’s financial ecosystem. This includes setting LTV risk levels for low, medium, and high-risk loans, and defining the maximum allowable interest rates for each risk category. Beyond that, CLY token holders influence critical factors like the minimum duration required for investment liquidation, the early liquidation notice periods for loans, and ultimately, the Liquidation Point that determines when collateral is liquidated across the entire protocol. Through governance, CLY holders ensure that the platform remains fair, transparent, and driven by the community’s collective decisions.
Clynto token (CLY) is the native cryptocurrency of the Clynto DeFi platform, serving various functions such as staking, governance, collateralization, and fee reduction. This document outlines the revised tokenomics for CLY, including the total supply, distribution strategy, and allocations for incentives and ecosystem development.
CLY Tokenomics
Basics
- Total Supply: 1,000,000,000 CLY tokens
- Initial Circulating Supply: 200,000,000 CLY tokens (20% of total supply)
- Supported Networks: Solana and Ethereum (Base)
- CLY Launch Price: $0.10 per CLY token
Token Distribution
The CLY token distribution strategy is designed to promote long-term engagement and ensure alignment of incentives for all participants in the ecosystem. Below is the updated breakdown of the total supply of 1 billion CLY tokens:
| Category | Percentage (%) | Amount (CLY) | Vesting Period (Years) | Minting Schedule | Notes |
|---|---|---|---|---|---|
| Community Round | 20% | 200,000,000 | 0 | Fully minted at TGE | Available to the public immediately for full transparency |
| Collateralization & Staking Rewards | 40% | 400,000,000 | 4 | Minted over 4 years as needed | Incentives for staking and collateralization |
| Ecosystem & Treasury | 30% | 300,000,000 | 3 | Minted over 3 years | Used for DEXes & cross-blockchain reserves |
| Team | 10% | 100,000,000 | 4 | Vested over 4 years with cliff | Locked for team and advisors |
4. Detailed Allocation Breakdown
4.1 Community Round: 20% (200,000,000 CLY)
This allocation is reserved for the public sale, enabling transparent participation in the platform’s early-stage investment. These tokens will be fully minted at the Token Generation Event (TGE) and will be available to the public immediately.
4.2 Collateralization & Staking Rewards: 40% (400,000,000 CLY)
Allocated to incentivize stakers and borrowers to Collateralize their tokens. This allocation will help ensure the the superiority of CLY token owners during governance events. Tokens will be minted as needed over a 4-year period.
4.3 Ecosystem & Treasury: 30% (300,000,000 CLY)
To ensure future scalability and seamless cross-chain integration, 30% of the total CLY token supply will be reserved for decentralized exchange (DEX) reserves. This reserve will support liquidity pools across multiple chains as Clynto expands into cross-chain interoperability through Layer 0 (L0) protocols like Polkadot and Cosmos. By securing a significant portion of tokens for DEX liquidity, Clynto will facilitate smooth transactions, maintain price stability, and enable efficient token swaps between networks as the platform grows and scales across different blockchain ecosystems.
4.4 Team: 10% (100,000,000 CLY)
This allocation is reserved for team members and advisors and is vested over 4 years with a cliff period. This structure aligns the long-term interests of the team with the success of the platform.