Ethos Network to Launch WHUF Token Auction on September 1

Odaily Planet Daily reports that Ethos Network will launch the WHUF token auction on September 1. The WHUF auction supply accounts for 20% of the total supply, with a starting FDV of $1 million and a cap of $99 million, offering an 85% price guarantee. Contributors with XP and referred users can receive additional rewards, and users can currently register to participate. According to the Ethos Network whitepaper, 40% of the tokens are allocated to the team and early supporters, while 60% are allocated to the community. The community allocation includes 20% for token sales, 2% for the XP reward pool, 5% for ecosystem development, 10% for the foundation treasury, 5% for bug bounties, and 18% for contributor rewards. Tokens for early supporters have a 24-month lock-up period with a 6-month cliff, while team tokens have a 4-year lock-up period with a 1-year cliff.