Tokenomics
Last updated
Last updated
Each block on BNB Smart Chain contains new tokens that are released for the Ecosystem: Trading Cycles, Farming, Staking and Trading cycle v2 Vault.
Distributed to
Reward per Block
Reward per Day
Reward total
Trading Cycle
1 Palm
28,800 Palm
100,000,000 (10%)
Farm
1.5 Palm
43,200 Palm
97,500,000 (9.75%)
Staking
1 Palm
28,800 Palm
60,000,000 (6%)
Trading Cycle v2
4.5 Palm
129,600 Palm
227,500,000 (22.75%)
The allocation can be changed at a later stage via governance.
50% of trading fees are used to buyback and burn PALM. Post that, the 50% will be used to buy back and hold the PALM tokens in the treasury.25% of Treasury will be used for insurance funds and the remaining 25% for protocol operations.
Will be active once public mainnet is live!
Lot
Description
Community Fair Launch (CFL)
100,000,000 PALM tokens (10%)
Community fair launch, on September 20th, 2022. Vesting: 25% at TGE, beginning day 30 after TGE, daily release over 3 months.
Seed round
82,049,328 PALM tokens (8,205%)
The seed sale round was led by Crypto Oasis as the lead venture. Vesting: 0% at TGE, beginning day 61 after TGE, daily release over 18 months.
Team & advisors
170,000,000 PALM tokens (17%)
Vesting: 0% at TGE, beginning day 180 after TGE, daily release over 30 months.
Ecosystem & rewards
486,500,000 PALM tokens (48,65%)
Ecosystem and rewards benefit traders and stakers participating in the Palmswap Protocol ecosystem. With the transition from Palmswap Protocol to community governance, the distribution of ecosystem rewards will be decided by the Palmswap Protocol community.
Marketing
49,786,075 PALM tokens (4,97%)
Vesting: 0% at TGE, beginning day 30 after TGE, daily over 12 months.
Market Maker & Liquidity
37,500,000 PALM tokens (3.75%)
Vesting: 46.5% at TGE, beginning day 30 after TGE, daily over 3 months.
Early User Airdrops
4,500,000 PALM tokens (0.45%)
Vesting: 100% at TGE
Insurance funds
30,000,000 PALM tokens (3%)
Vesting: Elicited when there is a loss in the Protocol to compensate for the loss.
Reserves
39,461,393 PALM tokens (3.94%)
Vesting: Can be claimed at least 6 months after TGE if needed.
