The $CLEO Token is Live on Bitmart with More Exchanges to Come.
Exciting News for the Cleo Community!
We are thrilled to announce that our Cleo Token (CLEO) is now live on Bitmart Exchange! This marks a significant milestone in our journey, and we couldn't be more excited to share this news with our community.
Impressive Performance Right Out of the Gate
Trading opened on Monday at an impressive 1.2 cents per token. In just a short time, the value has already soared to 2.3 cents. This remarkable growth represents an approximate 91.67% increase in value, showcasing the strong market interest and confidence in our token.
Understanding Our Tokenomics
Our tokenomics are designed with a focus on sustainability and growth. Here's a quick overview:
Utility in the App: Cleo Token is the unit of value within our app, facilitating transactions and interactions. All spend and execution is settled through the token.
Deflationary Model: We've implemented a buy-back and burn strategy to ensure the token's long-term value, which is fuelled for 5% of our total gross revenue.
Impact Investing DAO: Token holders also have ownership and a fractional say in our impact investment decisions, thanks to our decentralized autonomous organization (DAO).
A Closer Look at the Circulating Supply
We have a relatively small circulating supply of only 61.875 million tokens, resulting in a market cap of approximately $742,000. This limited supply is part of our strategy to maintain token value and stability. Additionally, 60 million tokens are allocated for exchange liquidity, ensuring smooth trading experiences for our users.
Securing the Future
In line with our commitment to transparency and long-term value, 880 million tokens are securely locked away in a vault, as detailed in our whitepaper. This move is part of our strategy to ensure the stability and future growth of the Cleo Token. You can view the vault smart contract HERE.
Join Us on This Exciting Journey
The launch on Bitmart Exchange is just the beginning. We are pleased to confirm we are in advanced talks with a number of other centralised exchanges and we will be listing on a DEX over the next week.
We're on a mission to revolutionize how value is created, met and shared in the digital world, and how we can harness savings and efficiency gains for the good of our planet.
We're glad to have you with us on this journey. Stay tuned for more updates, and thank you for your continued support!
P.S.: Don't forget to follow us on our social media channels for the latest news and updates about Cleo Token!
