Governance report / 18th November 2024

CYBRO Token Burn Announcement

Today, the CYBRO Team successfully burned 500,000,000 CYBRO tokens, significantly reducing the Fully Diluted Value (FDV) of the project.

You can view the transaction details here: Blastscan Transaction Link.

Allocation	Old Amount	New Amount	Remarks
Liquidity	80,000,000	0	This allocation was intended for market-making accounts on exchanges. However, it closely matched the Public Sale allocation for the website token sale. It was decided that 20M tokens are sufficient to cover both liquidity and public sale needs.
Private round	100,000,000	0	It was removed following the decision to not proceed with funding from VCs.
Staking program	100,000,000	50,000,000	Calculations showed that the staking allocation could be significantly reduced, improving the FDV for the market.
Team & Advisors	180,000,000	70,000,000	The initial allocation was too large and lacked transparency, potentially raising concerns of market manipulation among retail investors.
Reserve	145,000,000	75,000,000	The reserve was significantly reduced by creating a separate DAO Treasury allocation. Overall, it was nearly halved to lower the FDV and mitigate potential concerns about market manipulation.
DAO Treasury	0	20,000,000	Originally part of the reserve, it was separated into its own allocation to enhance transparency.
Marketing	80,000,000	0	The decision was made to fund marketing using stablecoins from the project treasury.
KOL	30,000,000	0	The decision was made to compensate KOLs using stablecoins from the project treasury.

The updated tokenomics could be found on the Tokenomics page.

CryptoCrouton CYBRO Project Lead