Tokenomics - URB
Last updated
Last updated
A total of 1 billion URB tokens will be minted and made accessible to the public over a period of 4 years. The tokens will be distributed in a carefully planned order to ensure a sustainable pace of release and long-term growth and adoption of the URB platform. The distribution will take place as follows:
50% to Uroboros Community members 500,000,000 URB
29% to the Team and Consultants with 4-year vesting 290,000,000 URB
19,8% to Investors with 4-year vesting 198,000,000 URB
1,2% to Advisors with 4 to 5-year vesting 12,000,000 URB
With half of the tokens available (500M URB) for historical and future community members to claim, the community treasury will have (500M URB) available to distribute to the community through contributor grants, community initiatives, and incentive programs.
Of the 50%, 12% (120M URB) has been allocated to the incentive budget for the next incentive release. If all of the incentive budget is used up, more can be allocated through a governance vote.
URB will be vested to the community treasury on a continuous basis according to the following schedule:
The core contributors and launch partners (Team and Consultants) URB allocations will have tokens vested on an identical schedule, with the addition of a 4-month cliff for transfers.
Advisors URB allocation, on the other hand, will vest over 48 months with a cliff ranging from 4 to 12 months.
The URB token serves as a governance token, enabling token holders to vote for the adoption of any decisions in the project.
Additionally, the URB holding program will be implemented, whereby token holders can put their tokens into a pool with different lock-up periods and receive stURB tokens in exchange.
The stURB tokens can be used to vote in DAO, and holders will receive varying amounts of voting power and revenue share, depending on the pool they choose.
For example:
You put 10.000 URB in the pool with a 1-year lock-up and get 9.900 stURB and 0.0001% of the profit protocol in return.
Furthermore, stURB token holders can receive discounts on commissions, depending on the number of tokens in their wallet. They will also have access to unique market-making offers, allowing them to get better market-making pairs and earn greater commissions from providers.
For example:
Your wallet balance has 10 000 stURB, which gives you a 2 discount on commissions.
Despite the fact that our token has a limited issue, we are working on a mechanism to burn the token, redeeming it from holders and burning a portion of the commission income in the token.
