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4EVERLAND Releases Token Economy Model: 70% for Node Rewards, Community Development and User Incentives

4EVERLAND Releases Token Economy Model: 70% for Node Rewards, Community Development and User Incentives

Bitget2024/12/09 15:35

4EVERLAND, the Web3 cloud computing platform, announced its token economic model, with a total of 10 billion 4EVER tokens, 70% of which will be used to support node rewards, community development and operations, and user incentives to promote the development of decentralised cloud computing ecosystems. The specific allocation ratio is 40% for node rewards, 15% for community funding, 10% for operational funding, 5% for user incentives, and the rest includes 15% for token sales, 12% for the core team and advisors, and 3% for initial liquidity and market-making funding. All tokens will be unlocked gradually over the next 8 years. 4EVERLAND has already opened an airdrop collection portal, and 5% of the tokens will be distributed to early contributors and community users.

 


4EVERLAND adopts a dual-token economic model, with LAND and 4EVER as the functional and governance tokens, respectively, with LAND as the stablecoin, which is mainly used to pay for the use of storage, network, and computing resources. 4EVER, on the other hand, serves as a governance token to support platform decision-making voting, function proposals, resource party pledges, and reward allocation. In addition, assets related to the platform's economic activities will be repurchased as 4EVER to enhance its value capture capability. 4EVERLAND provides developers with the ability to seamlessly connect to the Web2 and Web3 clouds, and has already attracted more than a quarter of a million developers and application projects to choose its services, including Snapshot, Hey.xyz, Linear and other projects.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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