Conduit
Conduit is and ERC20 token that represents an exclusive option to convert itself into Squares. This convertible token is burned upon conversion, creating a diminishing supply. 100 million Conduit tokens were created in a one time mint event as a passage way (conduit) into the Sweet Economy.
Token
ERC20
The Conduit Token (CNDT) is an ERC20 token which means it can be held in any wallet that supports ERC2 tokens such as the Metamask wallet. This also means that it can be listed by exchanges that already list ERC20 token types.
Token Mechanics
Conduit has very basic token mechanics. There was a one-time mint of 100,000,000CNDT which represents the final total supply. CNDT is a diminishing supply token as it can only be burned to convert in to Squares
Airdrop
Shortly after the one-time mint, 100% of the Conduit supply was airdropped into wallets. Check to see how your ERC20 wallet handles airdrops to see if you have any to claim!
Conduit Protocol
The Conduit Token follows a very simple protocol. It represents an option to convert itself to Squares in the Sweet Economy. This conversion will net the converter Squares and burn the converted CNDT. Conversion to Squares is currently targeted to be available some time on Q1 of 2024.
Utility
The utility of the conduit token gives holders the option to convert to Squares. Squares are a mechanic to create value within the Sweet Ecnonomy.
Squares
Access
The Conduit Token gives users access to The Sweet Economy. You can learn about how this works through The Economic Awakening.
The Economic Awakening
Conduit Token Allocation
After the one-time mint, all CNDT was delivered to ERC20 capable wallets, some to specific wallets and some to random wallets. One or more of the specific wallets are owned by Sweet Economy Treasuries for future use.
40% Airdropped to Sweet Economy members
60% held by Sweet Economy Treasury
60%
Sweet Economy Treasury
Sweet Economy treasuries maintain at least 50% of tokens in circulation in order to help regulate the token distribution and growth of the Sweet Economy
40%
Sweet Economy Members
The remaining 40% of tokens have been distributed to team members, contributors, and random (active) ERC20 wallet holders