Up to this point, we’ve described the Foundation and its technology, identified the industries we are are targeting, and talked about how the Cecil Alliance Platform will take shape. For those who have followed this series, you now have a strong understanding of how Cecil Alliance plans to accomplish its goals. Still, no worthwhile cryptocurrency project would be complete without a strong token at its core, so in this edition of Discover Cecil Alliance, we will cover some key aspects of how digital tokens will power the Cecil Alliance Platform.

The CECIL Token

The CECIL token is an integral part of the ecosystem. The long-term strategy is to achieve token value through utility and the mass adoption of the platform. The CECIL token is built into the core of the platform in order to build, sustain, and reward an ecosystem that allows the world to efficiently use data in a way that benefits animal welfare and species conservation. It also has a number of unique features and innovations that give it more value than most other cryptocurrency tokens on the market.

What’s the reasoning behind the CECIL Token?

There are many reasons why CECIL was necessary. Here is a quick rundown of why it was created:

An immutable ownership record that can be validated and traded;

Monetize animal and related data by connecting them to enterprises and companies;

Empower innovative new business models on the platform;

A way to share benefits from the global animal ecosystem;

A connection between the Cecil Alliance communities and their businesses;

Rewards for active or passive work;

Cross border rewards for participation

Use cases linked to products and services within the Cecil Alliance platform;

A common unit of value to transact with

A major priority for the Cecil Alliance Foundation was to separate the value of the token from the value of existing blockchain platforms. To do that, we created what we call Cecil Bridges, smart contracts that allow the CECIL token to be transacted and stored over a number of blockchains. By utilizing these cross-chain bridges, CAF can remain blockchain agnostic, and make the most of unique features specific to certain blockchains, while still being available to the widest possible range of users.

How will the CECIL Token be divided up?

There will be 100,000,000 CECIL tokens in total.

CECIL will be allocated as follows:

Grants: 40%

Initial Grant (Private & Public Raise): 30%

Awareness Fund: 15%

Cecil On-Demand: 5%

CCDT: 10%

Let’s take a closer look at each of these groups.

Grants

The grants are an important way for the Cecil Alliance to pay for services, add new features, and expand the ecosystems utility and demand. Anyone can apply for one, with new grant proposals requiring a token-based public vote.

Public Raise and Token Manifestation Event

Information related to the public raise will be released as the offering details become public. The information provided will include exactly how much is being raised, how the funding will be used, and how the raise will be conducted.

Awareness Fund

The awareness fund will be used for non-profit organizations that can use the technology to advance the welfare of animals. While these organizations might not bring much direct financial benefit to the ecosystem, their use of the tokens and platform will help spread awareness and contribute to the greater good of animals everywhere.

Cecil On-Demand

This pool will be used to quickly provide tokens to customers, so that cryptocurrency doesn’t needlessly complicate the use of the platform. Naturally, the tokens from Cecil On-Demand price will sell above market rate to encourage users to buy from the open market. This pool will continuously be replenished by 30% of platform fees. Once it is completely emptied, the Cecil Alliance Foundation has to buy CECIL from the open market.

CCDT

The Cecil Core Development Team will have a healthy balance between effective decision-making abilities and decentralized checks and balances. The CCDT’s token allocation will be locked for a period of two or more years from the token manifestation event.

Other Tokens and Assets

There are many other types of digital assets on the platform. For example, each animal will have their own digital identity on the blockchain. This is known as an Animal Data Asset (ADA), which must be loaded with CECIL tokens in order to pay for services and features on the platform.

Other brands can also create their own tokens on the Cecil platform, which can be used for features such as reward and loyalty programs, gamification, membership fees, etc. Cecil Alliance will make it easy for brands to do this, with a major portion of the revenue earned from NTIs (New Token Issuance) being put back into the Grant pool to fund future development.

Other applications can also create NFTs through a similar process. These Non-fungible tokens can be used for individual items, trophies, rewards, certificates, collectibles, and other items. Proceeds from NFTs will be split among the Grant pool and Cecil On-Demand.

In summary, the CECIL token has a multitude of use cases and innovative features that ensure its value throughout the ecosystem. An intuitive allocation structure ensures that funding will be available to build a comprehensive platform loaded with features, applications, developer tools, and unique blockchain elements that make CECIL easy to acquire, store, and transact. Most importantly, the CCDT reserves control over only a small portion of the token supply, with secure checks in place to prevent abuse of power.