Ethos Network to Launch WHUF Token Auction on September 1

Odaily News: Ethos Network will launch the WHUF token auction on September 1. The WHUF auction supply accounts for 20% of the total supply, with a starting FDV of $1 million, a cap of $99 million, and an 85% price guarantee. Contributor XP and referred users can receive additional rewards, and users can now register to participate. According to the Ethos Network whitepaper, the team and early supporters will receive 40%, while the community will receive 60%. The community allocation includes 20% for token sales, 2% for an XP reward pool, 5% for ecosystem development, 10% for the foundation treasury, 5% for bug bounties, and 18% for contributor rewards. Early supporter tokens have a 24-month lock-up period with a 6-month cliff; team tokens have a 4-year lock-up period with a 1-year cliff.