Token Information

The SHX token is the core of the SalesHubX ecosystem, designed to facilitate transactions, reward performance, and drive growth across our platform. Here’s everything you need to know about the SHX token:

Token Distribution

Total Token Supply: 68 billion SHX

Token Distribution:

  • Development Support and Incentives (50%): 34 billion SHX for development, community engagement, and early contributor incentives.
  • Founding Team (12.5%): 8.5 billion SHX allocated to the founding team with a vesting schedule to ensure long-term commitment and alignment with the project’s goals.
  • Marketing, Growth, and Development (25%): 17 billion SHX for marketing efforts, strategic partnerships, and continuous platform development.
  • Reserve Fund (12.5%): 8.5 billion SHX set aside as a reserve for unforeseen expenses, regulatory requirements, and strategic opportunities.

Token Utility

The SHX token serves multiple purposes within the SalesHubX platform:

  • Transaction Fees: SHX tokens can be used to pay reduced transaction fees on the platform, making them a cost-effective option for users.
  • Cheaper Option for Product Owners: SHX tokens are likely the cheaper option for product owners compared to other supported cryptocurrencies, incentivizing their use.
  • Premium Features: Tokens unlock access to advanced analytics, targeted marketing services, and exclusive sales leads.
  • Governance Participation: Token holders can participate in governance decisions, such as voting on platform upgrades or changes in reward structures.
  • Access to Learning Materials and Courses: Tokens provide access to premium sales training materials, courses, and certifications to enhance sales skills and knowledge.

Security and Compliance

We prioritize security and compliance to ensure a safe environment for all users. The SHX token is backed by robust security measures, including:

  • Multi-signature wallets for added security
  • Regular smart contract audits to identify and fix vulnerabilities
  • Strict adherence to global regulatory standards

Deflationary Mechanisms

To maintain a deflationary model, no additional SHX tokens will be minted beyond the initial supply. Instead, a portion of the platform’s transaction fees (5%) will be burned monthly by sending them to a designated dead wallet. Token holders can also voluntarily burn their SHX tokens by transferring them to this address, reducing the circulating supply and potentially increasing the token’s value over time.

Disclaimer

The value of SHX tokens depends on several factors, including demand and supply, market conditions, and economic variables. Please note that owning SHX tokens does not equate to ownership in SalesHubX. Trading in cryptocurrencies involves risks, and we encourage all users to conduct thorough research before investing.