Tokenomics
$EVOLVE tokenomics are shown below. As you can see, the total supply of tokens considers our tokens which will launch on other chains as well. There will be a total of 100,000,000 tokens overall, 51% of the $EVOLVE tokens will be in Cronos and 49% will be on other chains. In Cronos Mainnet:
2% of the tokens will be part of the early supplier airdrop. More details can be found inAirdrop.
0.2% of the tokens are used to reward our community members and for promotion,
2% will be used for the initial LP,
3% will be used in the upcoming presale launchpad (to be announced) or the liquidity generation event.
15% will be used to grow the Evolution ecosystem (i.e. marketing, audits, KYC, hiring additional developers and designers, and more).
17% will be used in farming rewards (more details can be found in Farming once that is launched).
12% will go towards supporting the core team members.
| Chain | Category | Allocation (% of total) | Number of Tokens | Vesting Period |
|---|---|---|---|---|
Cronos | Early Supplier Airdrop | 2% | 2,000,000 | x |
Cronos | Community (Competitions and Giveaways) | 0.2% | 200,000 | x |
Cronos | Initial Liquidity | 2% | 2,000,000 | x |
Cronos | Presale / Liquidity Generation Event (LGE) | 3% | 3,000,000 | x |
Cronos | Core Team | 12% | 12,000,000 | 2 years |
Cronos | Protocol Growth | 15% | 15,000,000 | 2 years |
Cronos | Farming Rewards | 17% | 17,000,000 | 2 years |
Total Cronos |
| 51% | 51,200,000 | |
|
| |||
Multichain | Farming Rewards (TBA) | 40% | 40,000,000 | TBA |
Multichain | Early Supplier Airdrop | 8% | 8,000,000 | x |
Multichain | Community (Competitions and Giveaways) | 0.8% | 800,000 | x |
Total Multichain |
| 48.8% | 48,800,000 | |
|
|
|
| |
Total |
| 100% | 100,000,000 |
Utility
The $EVOLVE token will have the following utility:
$EVOLVE will be a limited supply governance token for the Evolve Protocol.
$EVOLVE holders are able to participate in governance and shape the future of Evolve, as well as determine key parameters for the interest rate model, fee rates, and the distribution of protocol fees and reserves accrued to the EVOLVE Protocol.
$EVOLVE holders can participate in protocol governance by staking EVOLVE for xEVOLVE.
$EVOLVE will be used in a bribe system where users and protocols will be able to direct the emissions of $EVOLVE token rewards to their preferred lending pools.
Last updated