Ctrl Wallet Shares Insights on Its Liquidity Initiative and $XDEFI Token Developments
Ctrl Wallet’s Liquidity Initiative
Ctrl Wallet, a leading self-custody crypto wallet, has announced a significant liquidity initiative involving its $XDEFI utility token. This move underscores the long-term commitment of the wallet's major stakeholders.
Commitment from Key Investors
- The largest token holders have committed 32% of total $XDEFI tokens into AMM liquidity pools.
- This amounts to a significant reduction in potential sell pressure.
- Major investors include Delphi Digital and Mechanism Capital.
Collectively, these stakeholders will deposit 76.9 million $XDEFI into liquidity pools until September 2025, demonstrating unwavering confidence in Ctrl's potential.
Milestones and Incentives
- Withdrawals are tied to $XDEFI’s valuation milestones:
- First quarter when FDV reaches US$100M
- Another quarter at US$200M FDV
- An additional quarter at US$300M FDV
- Final quarter when FDV hits US$500M
- To maintain liquidity, contributors will earn a 10% APY on deposited tokens.
This initiative coincides with Ctrl Wallet's rebranding from $XDEFI to $CTRL, emphasizing growth through new revenue-generating features and tokenomics.
Future Growth Prospects
Ctrl Wallet aims to enhance user engagement and revenue through innovative features, directly benefiting $CTRL token-holders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.