# Transparency Commitment

This page describes Memento DFM’s use of tokens, partners, and investors associated with the project.

Memento DFM is committed to realizing a very ambitious plan with a long-term view with respect to the success of Memento DFM and our role in supporting it. \
In an effort to provide transparency to our community, we are pleased to provide the public a breakdown of current token holdings and any token sales. 

To date, we **have not** completed nor are planning to run **any private token sale** to the public or to accredited investors.

**Purpose of $DEXTF governance token**

* $DEXTF is an ERC-20 token
* Total supply: 100,000,000 $DEXTF tokens (50% locked for at least 18 months)
* 1-to-1 voting rights (only through delegation, also to self)
* Minimum holding to submit proposals is 0.1% of total supply (100,000 $DEXTF).
* 5% quorum (5,000,000 $DEXTF) has to be reached for proposals to be included in the time-lock (minimum of 7 days need to pass for proposal implementation).

**Allocation breakdown:**

| Item | Use                                                      | $DEXTF allocation |
| ---- | -------------------------------------------------------- | ----------------- |
| 1    | XTF fund tokens Portfolio Managers and Investors\*       | 25,000,000 (25%)  |
| 2    | XTF liquidity mining program\*                           | 25,000,000 (25%)  |
| 3    | Memento DFM team for platform development                | 30,000,000 (30%)  |
| 4    | Allocation to be defined by community through governance | 15,000,000 (15%)  |
| 5    | Advisors                                                 | 5,000,000 (5%)    |
| 6    | **Public Token Sales**                                   | 0 (0%)            |
| 7    | **Private Token Sales\*\***                              | 0 (0%)            |

**\***Streamed to individual smart contracts via Sablier. $DEXTF to be claimed by the user

\*\*No investor has been awarded any $DEXTF tokens as part of the funding.<br>


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