Tokenomics
Tokenomics
Last updated
Tokenomics
Last updated
The total number of to be issued is 1,000,000,000. Of which
500,000,000 - for liquidity bonus
200,000,000 - for public offering
200,000,000 - for founding team awards
100,000,000 - for the establishment of an insurance fund
Liquidity Reward Tokens - 500,000,000
It is used to reward customers who provide liquidity, that is, savings users of the platform. As long as they hold deposits on the platform, they can get a certain amount of every day.
Circulation Reward Token Distribution Scheme
In order to reward deposit users who participated in the platform in the early stage, the distribution mode of liquidity reward tokens is a proportional decreasing method. The daily release amount (20,000 pieces) will be reduced every 100 days as follows:
1st 100 days, 480,000 coins will be released daily
2nd 100 days, 460,000 coins will be released per day
3rd 100 days, 440,000 coins will be released per day
…
15th 100 days, 200,000 coins will be released daily until all released
Liquidity Reward Token Calculation Method
Liquidity reward tokens are issued once a day, and are calculated based on the amount released on the day, the proportion of user deposits and the amount of released on the day. The specific formula is as follows:
The number of tokens the user should get = the number of tokens released on the day * the user’s daily Deposit Quota / the platform’s total Deposit Quota on the day
Public Token Offering - 200,000,000
Founding Team Token 200,000,000
Insurance Fund Tokens 100,000,000
In order to ensure the safety of platform customers and deal with possible emergencies, insurance fund tokens are established. This part of the token is managed and used through the DAO.
The public offering of tokens is for initial fundraising for platform development and initial investment. The public offering of will be issued in 10 installments, with 10% issued in each installment (ie 20,000,000) In the first phase, the price is fixed at 0.05USDC, and the funds are used for initial platform development. When the project is launched, it will be issued simultaneously and purchased by seed investors. In other periods, the issue price will be determined according to the development of the platform and the market conditions of the token, and the funds will be used for platform promotion and operation, system maintenance, function research and development, iterative upgrade, etc.
In order to ensure the long-term stable and reliable operation of the platform, and to reward the reserved by the founding team. The lock-up period is two years, and there is no liquidity within two years. After two years, 0.1% of them, or 200,000 coins, will be released every day to prevent fluctuations and effects on the token price.
DBC: