TOKENOMICS
$PAPER token will have a fixed total supply of 1,000,000,000. Allocations will be distributed as per below:
Ecosystem Development Fund
The Ecosystem development funds primary purpose is to be used to grow the ecosystem and subsequently the utility and rewards available for croc hodlers. Some examples of where we see this fund being used in future:
Launchpad for new projects and integrations with $PAPER
Liquidity pool pairing against new token(s) e.g. a Launchpad project with P2E
Expansion of the existing utilities
Future Airdrops / Claims
Alternate Incentivized staking pools (P2E etc)
Mini-games
Marketing & Promotion
Partnerships & New Opportunities
Staking Allocation
See Staking for more info.
The Staking Pool will be distributed based on various levels according to the method of acquisition of your croc and you'll be able to send your croc to harvest $PAPER in 3 different locations which will earn rewards at different rates.
The reward amounts are based on the croc being located in the wallet from which it was minted. E.g. if you minted one of the first 420 crocs you would be eligible for the OG Minter allocation, you’ll need to have your croc located in the wallet which initiated the mint transaction. We will do our best to assist users who have moved their crocs to a different wallet but this will be a manual process requiring verification of ownership of both wallets and we can’t guarantee we will have the ability to complete this for all users.
You can view each token and their mint classification alongside the matching wallet address here.
Worth noting there may be additional incentivized staking pools released over time as part of the ecosystem development fund initiatives.
Total Staking Period
The staking pool is allocated to run for 2 years in total (730 Days). Should there be any remaining tokens at the end of this period, they will be transferred to the Ecosystem Development fund at this point. (Tokens may remain due to the differing claim types not being filled, or due to crocs not being staked). There may be other staking pools or mechanics introduced before the end of this staking period.
Initial Claim Allocation
The initial claim of $PAPER will be available to all croc holders and will vary based on the acquisition method of your croc.
The reward amounts are based on the croc being located in the wallet from which it was minted. E.g. if you minted one of the first 420 crocs you would be eligible for the OG Minter allocation, you’ll need to have your croc located in the wallet which initiated the mint transaction. We will do our best to assist users who have moved their crocs to a different wallet but this will be a manual process requiring verification of ownership of both wallets and we can’t guarantee we will have the ability to complete this for all users.
You can view each token and their mint classification alongside the matching wallet address here.
Initial Claim Period
The initial claim will be open for 60 days once launched, should any tokens remain unclaimed after this period - they will be returned to the Ecosystem Development Fund.
Founders, Team, Advisors, F&F Allocation
The Founders, Team, Advisors, F&F Allocation will be locked for a period of 12 months from launch, and distributed monthly in equal portions for months 13 to 55. Distribution will be as follows:
Should the unlocking of tokens be causing a large negative impact on the ecosystem, the team will have the option of pausing the release of this allocation.
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