$EXO tokens

**Exonium (EXO)** is the native token of CardanoLands, and plays an important role in the **DeFi component** of the platform. The token is used as a currency to pay for the services and tools that the platform offers. It also enables users to vote for their favourite CNFT collections, thus qualifying them for HEXO rewards.

The demand for EXO grows in proportion to the demand for the services and tools that the platform offers. To stabilize the exchange rate and minimize volatility all prices for the services provided are displayed in dollars, and payments are made either in ADA or EXO (at the current market price or the CardanoLands rate if EXO has an open mint round).

The supply of EXO tokens is projected through its mining within CardanoLands P2E game, which constitutes the GameFi component of the game's platform. Users who conduct certain in-game activities do not only receive in-game assets but also EXO rewards.

This can be illustrated with the **upcoming Gold Rush event** as an example. The upcoming Lands enables users to mine EXO with multiplier functions depending on the number of their workers and the level of their parcel.

## Distribution

**The distribution of $EXO tokens** derives from carefully considering the platform’s scalability and operation potential during uncertain market conditions, while also trying to eliminate whales and big players that could manipulate the value of our token.

In the following subchapters, each of the components of the table above are described in more detail.

### Ecosystem

The ecosystem of CardanoLands consists of all products across its DeFi and GameFi components. EXO acts either as a form of payment (DeFi) or as a reward for in-game activities (GameFi). The supply reserved for ecosystem development will be used to incentivize users in the Land Universe and the upcoming CardanoLands games, and to integrate P2E models in partner projects.

### Sale

7 consecutive token sale rounds will collectively sell 17% of the total supply. Each round starts after the completion of the previous one, and the token price increases as the rounds progress. The following table describes the rounds in more detail.

### EXO Staking

A generous 15% of the total token supply is allocated towards the distribution of staking rewards during the initial period of our platform’s growth. This process will incentivize community members to adopt a long-term viewpoint, giving them a larger share of tokens through recurring rewards.

Only users with **Land parcels qualify for EXO Staking**, and there is a total of 5000 Lands for sale. The EXO staking rewards will be distributed on a linear basis over each epoch for a duration of 3 years (Q1 2024-Q4 2027). For more information, check the EXO Staking page (Gold Rush Event).

### Team & Advisors

CL team and advisors receive their token allocation with a strict vesting period. The initial token unlock will occur in Q1 2024, after which an equally-sized token amount is released quarterly. This process will continue for 48 months, and the distribution will be completed in Q4 2027.

### Treasury

The treasury of Cardano Lands contains 11% of the total token supply.

The first half (5.5%: 55,000,000) of the tokens is minted into the treasury and is allocated towards future airdrops, rewards, achievements, nominations, and other token distribution events.

The second half (5.5%: 55,000,000) of the tokens will be wrapped and minted on ETH blockchain. This is done to engage in cross-chain promotions that will help us attract a wider audience that will subsequently the Cardano ecosystem.

Wrapped EXO will be distributed to holders of partner projects from non-Cardano blockchains. This will occur when our products across DeFi and GameFi are ready to support multi-chain clients. At the moment, the CardanoLands team is actively building partnerships with other blockchains, including Ethereum, Solana, Polygon, and others (ETA: 2024-2025).

### Liquidity Pair

Liquidity pools contain cryptocurrencies locked in a smart contract. These enable DEXs to use Automated Market Makers (AMMs), which means that orders linked to particular trading pairs are executed automatically, using the funds within them. AMMs are useful during the early stages of a token’s listing, as they provide liquidity before market buyers and sellers take over.