The token metrics are detailed below:
Total Supply: 21M
● Ecosystem Growth: 15% of the total supply; reserved for marketing, partnership and exchange listing, vesting through a 3-year period
● Team & Advisors: 10% of the total supply; Lock-up for 6 months after TGE, then vesting through a 3-year period
● Liquidity Fund: 20% of the total supply; reserved for the fund for liquidity on Uniswap and other exchanges, vesting through a 3-year period
● Pool Reserved for Mining: 35% of the total supply; reserved for the network incentives after the launchment of mainnet.
● Fundraising: 20% of the total supply:
5% of total supply
20% vesting on listing, then 8% monthly over 10 months
10% of total supply
30% vesting on listing, then 10% monthly over 7 months
5% of the total supply
POT tokens will be vested through a 3-year period to better ensure the value basis of POT tokens.
PolkaOracle will seek more solid value basis enforcements such as business development, user growth, community growth and ecosystem construction, etc.
Token supply deflation is a mechanism that ensures that the company can generate demand for tokens in the market, and reduce supply at the same time.
Certain proportions of POT tokens will be bought back and burnt using the commission fees during the applications of data feeds by our users. The buy-backs will be carried out on regular basis.
With demands for data feeds from PolkaOracle increase, there will be more revenue to ensure the sustainable growth of POT values.