At the core of the Convalexaa ecosystem is the CON, a utility-driven cryptocurrency engineered to power transactions and incentivize the creation of sustainable economies for freelancers, employers, and contributors. The Tokenomics of the CON are carefully crafted for long-term growth, stability, and inclusiveness.
The total supply of the CON token is capped at 210 million, guaranteeing scarcity and appreciation over time.
50 million tokens will be set aside for the rewarding of active users of the staking program.
50 million tokens are allocated for the holding program participants.
10 million tokens for early adopters shall be used to increase adoption and engagement in the ecosystem.
Tokens are allocated for operational expenses, partnerships, and platform growth initiatives.
Convalexaa, however, offers a deflationary model to have long-term growth in the value of the CON token.
This would be a permanent burn of 2% in each sell transaction, reducing the supply in circulation and creating further scarcity.
The price of the CON token is dynamically adjusted based on real-time demand and supply within the market.
The token prices will gradually go up when 100,000 CON tokens are purchased.
When 100,000 CON tokens are swapped back into the market, the price will decrease incrementally.
The CON token is a utility token at the very core of the Convalexaa platform and enables:
Because of the deflationary model and fixed supply, the CON token’s long-term value extends to holders and participants.
Powered by blockchain technology, every kind of transaction hence gets verifiability that breeds trust or, rather, accountability.