Token Release and Allocation
Overview
The Parifi protocol's token economics are designed to ensure a balanced and gradual distribution of tokens. Below is the detailed vesting schedule and financial distribution related to the various funding rounds.
Total Supply of PRF Tokens: 1,000,000,000 (100%)
Inflation Rate: A perpetual inflation rate of 1% per year will start after 4 years from TGE, ensuring continued participation and contribution to Parifi at the expense of passive PRF holders.
Community and Strategic Rounds
Community Round I:
Number of Tokens: 50,000,000
Proportion of Total Supply: 5.00%
Price Per Token: $0.00439
Round FDV: $4,390,000
Vesting Schedule: 100% released at TGE; Transferable Tokens 2 months post LBP.
Unlock Date: 26th March 2024
Community Round II:
Number of Tokens: 60,000,000
Proportion of Total Supply: 6.00%
Price Per Token: $0.01200
Round FDV: $ 12,000,000
Vesting Schedule: 100% released at TGE
Community Round III:
Number of Tokens: 60,000,000
Proportion of Total Supply: 6.00%
Price Per Token: This would be set based on a discount rate appropriate for bond sales, which is typically lower than the current market rate to incentivize purchases.
Vesting Schedule: The schedule for bond-based token release will be announced.
Strategic Round:
Number of Tokens: 30,000,000
Proportion of Total Supply: 3.00%
Price Per Token: $ -
Round FDV: $ -
Vesting Schedule: 5% released at TGE; linearly release tokens using Sablier over 24 months post-round.
Important Note on Token Release:
Certain funding rounds, including Community Round III and the Strategic Round, are scheduled for a later stage. Consequently, they will not be released simultaneously with the first two Token Generation Event (TGE). Each of these funding rounds corresponds to its distinct TGE period, and tokens will be vested according to their respective schedules.
Any tokens from the Community and Strategic Rounds that remain unsold will be redirected towards the Ecosystem Fund. This measure ensures that all tokens contribute towards the growth and sustainability of the Parifi protocol.
Core Contributors and Contributors Allocation
Core Contributors:
Total Number of Tokens: 150,000,000 (15% of total supply)
Vesting Schedule: 0% released at TGE; a 12-month cliff with the linear release of tokens using Sablier over 36 months post-TGE.
Future Core Contributors & Contributors:
Total Number of Tokens: 50,000,000 (5% of total supply)
Vesting Schedule: 0% released at TGE; a 12-month cliff with the linear release of tokens using Sablier over 36 months post-TGE.
Reserves, Ecosystem Fund, and Other Allocations
Reserves:
Total Number of Tokens: 100,000,000 (10% of total supply)
Vesting Schedule: 0% released at TGE; a 12-month cliff with the linear release of tokens using Sablier over 24 months post-TGE.
Ecosystem Fund:
Total Number of Tokens: 350,000,000 (35% of total supply)
Vesting Schedule: 10% released at TGE; a 12-month cliff distributed over 48 months post-TGE. Reserved for growth initiatives like marketing, user acquisition, partnerships, market-making, and community engagement.
Important Note: A portion of the Ecosystem Fund is allocated specifically for facilitating the ETHA to PRF transition. The tokens utilized for this transition are part of the strategic commitment to ensure a smooth and efficient changeover to the new PRF token. This allocation reflects the dedication to maintaining the protocol's integrity and stakeholder trust throughout the transition process.
Security & Alignment:
Total Number of Tokens: 50,000,000 (5% of total supply)
Vesting Schedule: 0% released at TGE; 24-month cliff distributed over 36 months post-TGE. Allocated for security audits, bounty programs, and partnerships with auditing firms.
Liquidity Mining & Staking Rewards:
Total Number of Tokens: 100,000,000 (10% of total supply)
Vesting Schedule: 10% released at TGE; 12-month cliff distributed over 24 months post-TGE. Incentive program for liquidity providers and ecosystem stakers.
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