2024/04/16 [Important] Reward & Burn, Team Wallet, etc. Major | XENT(ENTC before swap) ANNOUNCEMENT

2024/04/16 [Important] Reward & Burn, Team Wallet, etc. Major Distribution Status and Detailed Additional Guidance

Greetings from ENTC,

The ENTERBUTTON (ENTC) project has been proceeding with token distribution following the reward & burn and team wallet unlock since April 1, 2024.

As previously notified, sequential distribution is underway, but we would like to provide additional detailed information based on community feedback regarding monthly and periodical token unlock and more detailed information.

[Detailed Additional Guidance – Information Provision Channels]

All project progress and circulation-related information is provided on the official website, entc.world, and disclosure platforms, aggregators, social networks, etc., serve as additional means to deliver relevant information to more users. Over the approximately 4 years of the project, various platform services have been utilized. However, we are strengthening our own channels due to circumstances such as sudden discontinuation or changes in services by service providers, which could hinder stable data and information dissemination.

[Detailed Additional Guidance – Reward & Burn Wallet]
The initial allocation of tokens to this wallet is 500,000,000 ENTC. Of this, 90,000,000 ENTC has been burned so far, and an additional 10,000,000 ENTC will be burned by June 1, 2024, resulting in a final total supply of 400,000,000 ENTC. The remaining 400,000,000 ENTC will be supplied according to the following schedule and method planned since token issuance:
April 2024: 150,000,000 ENTC
May 2024: 150,000,000 ENTC
June 2024: 100,000,000 ENTC

All tokens in this wallet are used and distributed for user rewards, events, community pools, and the foundation does not take any profit. Currently, 60,000,000 ENTC has been supplied through event rewards, etc., and sequential reward distribution is underway to minimize volatility when supplying the total unlock quantity mentioned above. The same rules will be applied to tokens unlocked in May and June, and we will ensure that all rewards are distributed to users who have supported and participated in the project.

[Detailed Additional Guidance – Team Wallet]
The allocation to this wallet is 100,000,000 ENTC. As previously stated, tokens distributed from this wallet are freely transferable and sellable as compensation for the project's operating team, and they will be supplied according to the following schedule and method:
April 2024: 50,000,000 ENTC
May 2024: 50,000,000 ENTC

The tokens in this wallet are being distributed evenly over a maximum of 60 days, but to prevent moral hazards within the foundation and to uphold the belief that the project team should receive lower rewards than users, not a single token has been sold or supplied to the market as of the current date, and we encourage a healthy mindset within the team.

All tokens from this wallet are prioritized to be supplied or sold only after the completion of the scheduled distribution of the reward & burn wallet to users, and the team voluntarily pledges to uphold beliefs in fair and just compensation.

For example, until the entire quantity of April unlock tokens from the reward & burn wallet is distributed, personal sales of April unlock tokens from the team wallet are discouraged.

Additionally, the team will ensure to receive minimal compensation as stated above and advocate for trades that adhere to world market trading prices or within reasonable bounds.

[Detailed Additional Guidance – Reserve Wallet]
The allocation to this wallet is 300,000,000 ENTC, and all tokens will be distributed to users similar to the reward & burn wallet's purpose. Although the original unlock schedule has passed, we plan to set a period after observing the depletion of tokens from the reward & burn wallet and announce its usage in advance.