Foundation Supply, Liquidation Schedule
When EGOD launched, 420m tokens were minted. 21m were released into the circulating supply via Uniswap, the remaining tokens, up until 4/25/21, have been slowly released into supply based on the distribution schedule found later on on this page. In an effort to increase transparency and further remove any control from the EGOD foundation regarding the price of EGOD tokens we are refining the schedule to be even more clear about how we will release tokens into supply.
Starting at 7pm EST on 4/25/21 we will only release tokens into supply when the following criteria are met:
1) The current price of EGOD tokens (in USD) is at an all time high since these terms were established (i.e. > $0.07)
2) The net-sum of positive-order ETH amounts and negative-sale ETH amounts, since criteria 1 was met, has exceeded 0.420 ETH in purchases [“Purchased Amount”]
3) The terms of the original distribution schedule (outlined later on on this page) have been met.
Once these two criteria are met, we will liquidate tokens matching 69% of said Purchased Amount (in ETH) based on the current spot price.
The release into circulation is to occur within 69 hours of these terms being met. If new transactions cause the terms to no longer be met the release will be cancelled.
We will not release tokens into circulation, via selling Tokens on Decentralized Exchanges, under any other circumstances.
Tokens may however be released into circulation in other means including but not limited to: providing liquidity to the liquidity pools of Decentralized exchanges, paying listing fees to get on more exchanges, promotional deals, giveaways, and influencer sponsorships.
The EGOD foundation to date has purchased back 118,125.23 tokens (0.3% of the circulating supply at the time), because we believed we had accidentally released excess tokens into supply by not following our internal liquidation schedule as strictly as possible, these errors were quickly corrected and resolved. The EGOD foundation will not, from this day on, buy back any additional tokens.
Note: Be advised that due to the nature of blockchain synchronization it is possible we activate a sell order in accordance with the terms above and after we have broadcast it our nodes detect new transactions that now move us out of the terms listed above, the sale shall still proceed. Additionally, due to the nature of computer bugs and or human error it is possible certain transactions go un-noticed by our system that would have put us within qualifying realm of these terms and/or managers become incapacitated. In such events, a liquidation may be unexpected, but all reasonable efforts will be made to remedy these events as soon as possible.
We have not removed any of our provided liquididty (Rug Pull), however we have taken out some of the interest accrued on liquidity fees, namely in the following transactions:
50% of the tokens minted are to be held by the EGOD foundation (payroll, dividends, etc).
10% are reserved for promotional purposes (giveaways, meme contests, etc).
40% are reserved for marketing (influencer partnerships, referrals, etc).