# Tokenomics

**Token Allocation and Vesting Schedule**

**No private sale:**\
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At Bitgigz, we are dedicated to transparency and fairness in our token distribution. Therefore, we want to assure our community that there won't be any private sale.\
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**Public sale**:

* 70% of the total token supply will be allocated for the public sale.
* This allocation will be available for purchase during the public sale period.
* The funds raised from this sale will be used to fund the development, marketing, and expansion of the Bitgigz platform.

**No team tokens:** \
The Bitgigz team is fully committed to the long-term success and growth of the platform. In line with our dedication to transparency and fairness, we want to emphasize that the team will not hold any tokens of Bitgigz. Our focus is solely on the development and advancement of the platform, ensuring that the interests of the community and token holders remain our top priority. \
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By abstaining from token holdings, we aim to foster trust and maintain a level playing field, allowing the Bitgigz ecosystem to thrive independently. We believe this approach will further enhance the integrity and credibility of Bitgigz as a decentralized freelance platform.\


**The remaining 30% of the total supply will be allocated as follows:**

* 5% will be allocated to marketing and partnerships, to support the project's branding efforts, drive user acquisition, and expand the network effect. This allocation will help increase the project's visibility and attract more users, investors, and strategic partners, thereby accelerating its growth trajectory.
* 15% will be reserved for centralized exchange listings, ensuring that the token is widely available for trading and accessible to a broader audience.
* 10% will be allocated to the project's reserve fund, which will be used to support the ecosystem's growth and finance potential strategic acquisitions or partnerships. This allocation will provide the project with a strong financial cushion to weather any market volatility or unforeseen circumstances.

The exact vesting schedules and allocation breakdown will be released in a detailed token economics document prior to the public sale. Please note that the tokens reserved for exchanges, the project's reserve fund, and the development team will not be sold or used in any manner that may harm the project. These tokens will be utilized solely for the purpose of supporting the project's growth, development, and long-term success. The team is committed to being transparent and accountable for the management of these tokens and will ensure that they are used in a responsible and ethical manner.
