❇️Use of Proceeds

Allocation of Funds

The funds raised through the IOTY token sale will be allocated towards the following key areas:

• a) Platform Development (40%)

A significant portion of the proceeds will be dedicated to the research, design, and development of the IOTY Protocol, IOTY Network, CONNECTIFY and its core technologies, including smart contracts, decentralized applications, and the underlying blockchain infrastructure.

• b) Business Operations (25%)

Funds will be utilized for ongoing business operations, including administrative expenses, legal and regulatory compliance, marketing and promotional activities, and building a talented team of professionals.

• c) Strategic Partnerships and Acquisitions (15%)

IOTY aims to establish strategic partnerships and pursue strategic acquisitions that will enhance the capabilities and adoption of the IOTY Protocol. A portion of the proceeds will be reserved for this purpose.

• d) Ecosystem Development (10%)

Resources will be allocated towards fostering the growth of the IOTY Protocol ecosystem, including developer tools, incentive programs, and community engagement initiatives to encourage the creation of decentralized applications and services on the protocol.

• e) Contingency Reserve (10%)

A contingency reserve will be maintained to address unforeseen expenses, regulatory changes, and other potential risks or opportunities that may arise during the project's development and implementation.

Adjustment of Allocations

While the above allocations represent IOTY's current plans, the company reserves the right to adjust the use of proceeds as deemed necessary to ensure the long-term success of the project. Any significant changes to the allocation of funds will be transparently communicated to token holders.

Oversight and Transparency

IOTY is committed to maintaining transparency and accountability in the use of proceeds from the token sale. Regular reports on the progress of the project and the utilization of funds will be made available to token holders through official communication channels.

Unused Funds

In the event that a portion of the funds raised remains unused after the successful completion of the project's objectives, IOTY will determine the appropriate course of action, which may include distributing the unused funds to token holders or allocating them towards further development or community initiatives related to the IOTY platform.

By clearly outlining the intended use of proceeds and maintaining transparency, IOTY aims to build trust and confidence among token holders and the broader community.