Ndikpongke
3 min readApr 14, 2024

THE $IONX TOKEN : REASONS WHY YOU SHOULD BUY

Brief Introduction to Charged Particles

Charged Particles is a protocol allowing users to deposit ERC-20, ERC-721, or ERC-1155 tokens into NFTs, enabling the creation of yield-bearing DeFi NFTs, nested NFTs, time-locked capsules, and in game assets. Charged particles Particles is blockchain agnostic and currently is deployed on Mainnet and Polygon
$IONX Token Generation Event (TGE)
$IONX is the native governance token for the Charged Particles Protocol. Our TGE was on 31-May-2021.
The holders of $IONX tokens will propose and vote on any changes to the Protocol. These suggestions may include things like registering, modifying, or disabling DeFi protocols as yield sources, whitelisting NFT platforms, implementing scaling solutions, modifying third-party integration fees, adjusting contract configuration values to adjust the protocol deposit fee, and managing the future distribution of $IONX to protocol contributors.
The total token supply of $IONX will be 100,000,000. The supply will be broken down across community, investors, team, advisors, and foundation.
Upon complete distribution of all 100M tokens, an annual inflation rate of 2% will start (after 2 years), distributed directly to the Foundation / DAO Treasury.

Community

Some of the members of our Charged Particles Photon community have been active in our discord channel for more than a year, and they have been tremendous supporters from the beginning.
Members of the community will receive 50% of the entire supply of $IONX. comprising
Initially, Yield Farming and Liquidity Mining will get 30% of the entire supply of $IONX. Contributing to the ecosystem of charged particles, specifically as follows:
5% for staking $IONX: 48,077 $IONX each week, for 24 months.
5% for staking $IONX/ETH (Uniswap) Liquidity: 48,077 $IONX each week, for 24 months.

20% for NFT Yield Farming: 192,308 $IONX each week, for 24 months, starting mid-2022. Rewards will be split on Layer 1 and Layer 2 Liquidity Mining. More details will be announced on this, get your LEPTONs ready.
1% of the total supply is allocated to the public listing during the IDO on Polkastarter.
A 3% Airdrop to early community supporters and adopters. This is more of a "airdrip," wherein 1% is unlocked right away and the remaining 2% is linearly airdripped to these people over the course of the following three months. Once the airdrop becomes live, we’ll make further announcements about it, including how to claim!

Investors

20% of the total $IONX allocation is reserved for early investors of the protocol, divided among our pre-seed and seed rounds of investment.
All investor allocations are subject to a cliff and lockup period. Pre-Seed investors (15%) are subject to a 1 month lock, with the remainder distributed over 18 months. Seed Investors (5%) are subject to a 1 month lock, with the remainder distributed over 18 months.
Team & Advisors
The Charged Particles team & advisors are allocated 23% of the total $IONX supply. Everyone is subject to a 6 month lock, with the remainder distributed over 24 months.

Foundation

The Foundation is allocated 7% of the total $IONX supply. There is an unlock of 10% at the TGE, and the remainder vests linearly over 24 months.
IONX Token Addresses
Official contract addresses for IONX token
IONX (Ethereum):

https://etherscan.io/token/0x02d3a27ac3f55d5d91fb0f52759842696a864217
IONX (Polygon): ​
https://polygonscan.com/token/0x01b317bc5ed573faa112ef64dd029f407cecb155
@Definft #IONX #Polygon

Ndikpongke

crypto_explorer// graphics designer// defi_explorer// contents creator// event planner// nft_explorer// crypto trader//marketing expertise//