Send Token (SEND)

Send Token (SEND) is a cryptocurrency that aims to enable efficient and seamless value transfer between individuals. It was launched on June 28th, following the acquisition of Send.it on June 9th. The contract address for Send Token is 0x3f14920c99BEB920Afa163031c4e47a3e03B3e4A. With a total supply of 100,000,000,000 tokens and 18,162,705,782 tokens currently in circulation, Send Token uses 0 decimals. The ticker symbol for Send Token is $send.

Send Token has a diverse allocation of tokens, with 10% (10b tokens) reserved for the team and 10% (10b tokens) allocated to contributors. Additionally, 20% (20b tokens) are reserved for distributions, 0.14% (140m tokens) for multisig signers, and 19.86% (19.86b tokens) for the treasury. Dex n Cex listings comprise 30% (30b tokens) of the token distribution, while 10% (10b tokens) are allocated to community contributor incentives. The distribution of tokens to participants occurs in 10 distributions of 2b $send every two months, starting from the first week of August.

Regarding the Send App, it is currently in the operation phase called Zero X. This phase involves contributions from supporters who desire a cash app for ETH. Moving forward, Send Token plans to have Eth support in the app, although it is not deemed necessary. The subsequent operation phases, FUSE (codename: ‘fuck u send eth’) and FFFS (codename: ‘Fuck Fiat Full Send’), focus on marketing campaigns, app development, and public beta testing. Send Token aims to eventually become an open-source project and integrate with fiat partners for wider adoption.