Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 581 views

    5ire Tokenomics 2.0

    Uploaded by

    hasan j
    The document discusses the tokenomics of the 5IRE token, which serves as the central unit of staking and exchange on the 5IREChain blockchain ecosystem. It will have a total supply of 1.5 billion tokens distributed through private sales and a public sale, with proceeds funding operations. Tokens are used for governance, staking rewards that decrease over time, and other network utilities like data storage incentives.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    5ire Tokenomics 2.0

    Uploaded by

    hasan j
    581 views5 pages
    The document discusses the tokenomics of the 5IRE token, which serves as the central unit of staking and exchange on the 5IREChain blockchain ecosystem. It will have a total supply of 1.5 billion tokens distributed through private sales and a public sale, with proceeds funding operations. Tokens are used for governance, staking rewards that decrease over time, and other network utilities like data storage incentives.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses the tokenomics of the 5IRE token, which serves as the central unit of staking and exchange on the 5IREChain blockchain ecosystem. It will have a total supply of 1.5 billion tokens distributed through private sales and a public sale, with proceeds funding operations. Tokens are used for governance, staking rewards that decrease over time, and other network utilities like data storage incentives.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    581 views5 pages

    5ire Tokenomics 2.0

    Uploaded by

    hasan j
    The document discusses the tokenomics of the 5IRE token, which serves as the central unit of staking and exchange on the 5IREChain blockchain ecosystem. It will have a total supply of 1.5 billion tokens distributed through private sales and a public sale, with proceeds funding operations. Tokens are used for governance, staking rewards that decrease over time, and other network utilities like data storage incentives.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    5IRE TOKENOMICS

    Sustainable Distributed Computing with a mission to bring a


    paradigm shift from For-Profit to a For-Benefit economy.
    5ireChain is a blockchain ecosystem for Impact & SDG-related development,
    management, and investment, with a network of working groups, collectives,
    and DAOs to help accelerate the United Nations 2030 Agenda for Sustainable
    Development. The 5IRE network aims to bring a paradigm shift from a for-
    profit to a for-benefit. It will implement sustainability by design while ensuring
    interoperability, forkless upgradeability, scalability, strong security guarantees,
    democracy & governance.

    The 5IRE utility token serves as a central unit of staking and exchange. These
    tokens are used for governance, staking, and other network utilities.

    5IRE tokens play a critical role in the network. Some of the main functions are as
    follows:

    Economics: 5ireChain will mint or burn tokens to fund the treasury, control the
    inflation rate, or reward the nodes that run the consensus protocol.

    Governance: Tokens are used as voting power by letting the holders express
    their opinions in governance decisions via referendums.

    Staking: Tokens will be used to incentivize validators and nominators, based on


    the Nominated Proof-of-Stake reward distribution mechanism.

    Slashing: Tokens also play a role in the slashing protocols designed to


    disincentivize attacks or adversarial behaviors.

    Incentivized distributed data storage (IPFS): 5ire tokens are used in the incentive
    mechanism of nodes, as per data storage.

    Incentivized data exchange & analytics: 5ire network provides data exchange
    and pricing marketplaces for data providers & consumers.

    5IRE Token’s total supply is 1.5 Billion, and its distribution will be completed via a
    bridged ERC-20 token and a testnet before the mainnet launches.

    ALL RIGHTS RESERVED © 5IRE 2021


    Angel 760K

    Pre Sale 20M (HC)

    Public Sale 1.317M

    Funding Angel Pre Sale 1 Pre Sale 2 Pre Sale 3 Public Sale
    Type (4.2%) (5.4%) (8.15%)
    Total Token
    1.511 % 17.75% 0.439%
    Diluted
    Total Token
    22.665M 63M 81M 122.25M 6.585M
    On-Sale
    Price 0.0335 0.058 0.074 0.0843 0.2

    Total Raised 760K 3.7M 6M 10.3M 1.317M

    STAKING
    We are committed to providing the best staking returns to all our validators and
    nominators, but we are equally concerned about inflation and want to generate
    scarcity.
    The Model of Dis-Inflation is proposed to implement this task, and staking reward
    will decrease with time, but rewards in the form of the transaction fees will be
    increased in that proposition.

    Validator Rewards = Block Rewards + Transaction fees

    Rewards are distributed to the on-chain pools in time slots called eras and each
    era lasts for 5 days, at the end of each era period rewards will be distributed to
    validators pools.
    In that era, Block rewards, as well as transaction fees, will be submitted.
    Our PoS rewards will depend on how much value staking compared to the total
    circulation supply.
    We are planning to have a non-dilutive staking reward at 8% for the first year, and
    after that, it will decrease based on the governance system.

    ALL RIGHTS RESERVED © 5IRE 2021


    HOW WILL THE TREASURY BE FUNDED ?
    Treasury is a core component of the system, so we plan to fund this by transaction
    fees, slashing, and governance burning.
    So Initially, we are keeping 1% of the total allocation for the treasury and keep
    it partially funded using transaction fees. With time utilities will increase, which
    will increase the number of transactions so the treasury can have a sustainable
    amount of funds after a year. Initially, the major portion of the transaction fees
    will be redirected to the treasury because we are providing block rewards to the
    validators.

    Initial Distribution of transaction Fee : 70% Treasury + 30% Validators.

    With time, the percentage for the validators will increase, and decrease for the
    treasury.
    Every quarter 2% will be shifted from the treasury and added to the validators
    rewards.
    Eg:-
    Q1 - 30% Validators + 70% Treasury
    Q2 - 32% Validators + 68% Treasury

    DISTRIBUTION

    Distribution
    Team 5%
    Treasury 2%
    Reserve 3%
    Influencers 3%
    Advisors 5%
    Donor Advised Fund 6.3%
    Locked Liquidity 9%
    Marketing 11%
    Foundation 4%
    Future Growth until 2031 12%

    Staking/Community Mining 20%

    Sale 19.6355%

    ALL RIGHTS RESERVED © 5IRE 2021


    DISTRIBUTION, CLIFF & VESTING

    TGE Cliff Vesting


    (per day for 14 Days) (daily)

    Angel 0.357% 4 months 11 months


    Pre Sale 1 0.428% 3 months 11 months
    Pre Sale 2 0.428% 2 months 11 months
    Pre Sale 3 0.5% 2 months 12 months

    Cliff Vesting
    Team 9 months 18 months
    Treasury 3 months 36 months
    Reserve 45 days 18 months
    Influencers 3 months 18 months
    Advisors 9 months 18 months
    Donor Advised Fund * 18 months
    Locked Liquidity - *
    Marketing 3 months 18 months
    Foundation 3 months 18 months
    Future Growth 3 months 18 months

    * No Cliff/Vesting
    - Open for testnet

    Intial MC (at TGE) : 1.75M

    DISCALIMER : THE TOKENOMICS ARE SUBJECT TO CHANGE BEFORE THE IDO (AFTER THE
    MATHEMATICAL MODELS ARE TESTED IN THE TEST NET.) IN OUR SOLE DISCRETION. BUT
    THE PIECE OF THE TOKENS WOULD ALWAYS REMAIN THE SAME WE WILL NOTIFY YOU OF
    ANY CHANGES VIA EMAIL .

    ALL RIGHTS RESERVED © 5IRE 2021

    You might also like