$QIN Tokenomics and Distribution

3 min readApr 6, 2021

Introducing QIN Token

QIN is the governance token of Qintar Crosschain Islamic Finance DeFi Ecosystem. Qintar Crosschain Platform is a feature-filled ecosystem with advanced tools ranging from decentralized lending and staking platform operating under the financial rules of Islamic Banking.

QIN Token details:

The total supply of QIN token is capped at 1'000'000'000 QIN. The smart contract is available at: https://etherscan.io/token/0x34b9ea4b9d6776db6efcedaf03ae3e290a2661d2

1. Private Sale

21% or 210'000'000 of QIN tokens are reserved for initial contributors (private sale), priced at $1 per 168 QIN.
25% of all QIN private sale tokens will be released upon listing each month until the allocation is fully depleted.
Any unsold tokens during the Private Sale round will be burned.

2. Public Sale

4% of tokens are allocated for the public sale round, priced at $1 per 100 QIN.
All 40'000'000 QIN will be unlocked on the first day of listing.
Any unsold tokens during the Public Sale round will be burned.

3. Tech Development

15% of the total supply or 150'000'000 QIN will be reserved for Tech Development.
150'000'000 QIN will be locked up for 8 months.
After 8 months, 5% or 7'500'000 QIN will be released each month until the allocation is fully depleted.

4. Advisors

5% of the tokens are reserved for the advisors.
These tokens are going to be locked for 8 months since the token listing on 🦄 Uniswap to align the longterm interest of the advising team with the islamic finance contributing community.
After 8 months, 5% will be unlocked each month until the allocation is fully depleted.

5. Marketing, Integration & Partnerships

15% of the total supply or 150'000'000 QIN will be reserved for Marketing, Integrations & Partnerships.
150'000'000 QIN will be locked for 8 months after the listing day.
After 8 months, 5% or 7'500'000 QIN will be released each month until the allocation is fully depleted.

6. Liquidity Mining

40% of QIN tokens or 400'000'000 QIN is reserved for liquidity mining.
These tokens will be available on exchanges for the sole purpose of liquidity.

Use of Funds:

Liquidity

To provide liquidity on the market during the first listing on Uniswap, we will pledge USD 300'000 in form of crypto trading pairs for QIN.

Tech Development

To provide funds to fully develop Qintar Ecosystem, we will pledge USD 700'000.

Partnerships and Integrations

The formation of large partnerships is our main goals coming out of the funding. This is to ensure maximum reach to banks and local authorities in developing countries which will put the concept into action in a short time. We will pledge USD 200'000 for this purpose.

Marketing & Community Development

to provide funds for the ongoing marketing efforts and to build a strong base of users and community for our products, we will pledge USD 600'000 for this purpose.

Operational Costs