Ethos to Launch WHUF Token Auction on September 1, Tokenomics Set with No Airdrop Allocation

August 21 news, on-chain reputation project Ethos Network announced it will hold a WHUF token auction on September 1, with auction supply set at 20% of total supply, starting FDV at $1 million, capped at $99 million, and offering an 85% price guarantee. Contributor XP and referred users are eligible for additional rewards, and users can now register to participate. Ethos disclosed its tokenomics model in its whitepaper: team and early supporters receive 40%, community receives 60%. Within the community allocation, 20% is for token sales, 2% for the XP Bonus Pool, 5% for ecosystem development, 10% for the foundation treasury, 5% for bug bounties, and 18% for contributor rewards. Early supporter tokens are locked for 24 months (with a 6-month cliff), while team tokens are locked for 4 years (with a 1-year cliff).