Reefer Token V2.0

About Reefer Token V2.0 token

The American Cannabis Society Token (ACST) represents a groundbreaking fusion of cannabis advocacy and blockchain technology, rooted in a rich 45-year legacy. ACST is not merely a cryptocurrency; it embodies a revolutionary approach to integrating cannabis and crypto, setting a new standard for how these dynamic fields can coalesce.
Mission
ACST’s mission is to bridge the gap between cannabis and blockchain by pioneering innovative solutions that enhance how cannabis is perceived, used, and supported. As a vanguard of progress, ACST aims to transform the cannabis industry through digital innovation, establishing a symbiotic relationship between cannabis enthusiasts and blockchain technology.
Tokenomics Model
To ensure the project’s long-term success and stability, ACST’s total supply of 100 billion tokens is allocated as follows:
– Legacy Holder Allocation (72%): This substantial allocation is dedicated to honouring the value held by legacy REEFER token holders. By preserving their investment in the new ACST project, we recognize and reward their commitment to the cannabis cause.
– Team Allocation (5%): Reserved for the development team, this portion of tokens will be locked with a 1-year vesting period. This strategic measure aligns the team’s incentives with the project’s long-term success, ensuring their commitment to ACST’s growth and sustainability.
– Marketing Allocation (5%): Aimed at driving awareness and adoption, this allocation supports promotional activities and outreach efforts to increase the token’s visibility and appeal.
– Liquidity & Supply (18%): This allocation is designated for new investors, providing essential liquidity and supporting price stability. It ensures a balanced entry point for market participants and helps maintain the token’s value over time.
LEGACY HOLDER ALLOCATION (72%):
This allocation ensures that the value held by legacy REEFER token holders is preserved in the new ACST project.
TEAM ALLOCATION (5%):
Allocated to the development team but locked with a 1-year vesting period to align team incentives with the project’s long-term success.
MARKETING ALLOCATION (5%):
Dedicated to promotional activities to increase token awareness and adoption.
LIQUIDITY & SUPPLY (18%):
To be made available for new investors, providing liquidity and facilitating price stability
Token Distribution:
ACST acknowledges the critical role of legacy holders from the REEFER project. Consequently, 72% of the total ACST token supply will be allocated to these holders through a 1:1 token swap. The distribution process involves a claim form where holders will provide their Binance Smart Chain (BSC) address and indicate their intention to deposit REEFER tokens into a specified address for receiving ACST tokens.
In essence, ACST stands at the intersection of innovation and advocacy, driving a vision where cannabis and blockchain technology seamlessly integrate. This token symbolizes progress and acts as a catalyst where these two powerful forces work harmoniously.