Tokenomics
Last updated
Last updated
This section describes the tokenomics of the native token of the Warpswap Ecosystem, $WARP. As a token designed to embody the principle of decentralization within the ecosystem, it shall grant its holders proportional rights to participate in the Warpswap DAO as well as to share in the revenues generated by the ecosystem. In doing so, Warpswap aims to position itself as a self-sufficient and publically-owned decentralized exchange.
The sections below shall outline the token specifics as well as the genesis and long-term token distributions.
Name: WARP TIcker: $WARP Contract Address: TBA Total Supply: 1,000,000,000 (1 billion) WARP Network: Ethereum Mainnet Transfer fees: Initially variable between 0 and 2% on all transactions, including buys and sells. Note: following an initial period, the transfer fees will be permanently and immutably set to 0
As can be seen in Figure 1, all WARP tokens will be initially distributed among five brackets, namely:
1) Liquidity Miners: 100,000,000 WARP(10.0%). To be distributed over the biggest liquidity providers to several selected trading pairs at the start of the Warpswap Liquidity Mining event. More details about this event shall be announced later.
2) Team: 50,000,000 WARP(5.0%). To be distributed to the current team and Warpswap's future employees and volunteers.
3) Investors: 100,000,000 WARP(10.0%). To be distributed to investors.
4) Airdrops: 100,000,000 WARP(10.0%). To be handed out to various recipients over several rounds of airdrops to eligible accounts. More details will follow when the first airdrops shall be announced. 5) Community: 650,000,000 WARP(65.0%). These tokens will be initially added as liquidity and subsequently locked on Uniswap v2 and Warpswap, adding an equal amount each to both exchanges to ensure the token is fully available for trading on all existing infrastructure. From this graph it can also be concluded that at least 85.0% of the tokens will be available for trading in public decentralized exchanges following the completion of the Airdrop and Liquidity Mining events.
