The TRANQ token is the protocol token of the Tranquil Finance. Along with governance rights, 75% of the protocol fees will be distributed in the locked staking pool.
As part of the Defiraverse, TRANQ will also have additional utility as an in-game resource, including the cost to wish for new heroes. TRANQ consumed this way will be permanently burnt.
There will be a hard cap of 1,000,000,000 TRANQ tokens with the following distribution:
50% of the allocation is reserved for incentives, such as borrowing/lending, providing liquidity, and airdrops.
xTRANQ Public Sale
5% of the token supply was used to obtain seed funding with a 1 year linear vest starting from public sale.
10% of the token supply will be allocated to the team with a 1 year vest linear vest starting from the public sale. Tokens are locked up until xTRANQ is redeemable.
2% of the supply will be used as bootstrap liquidity for DEX pools
28% of the supply is reserved for the treasury used for all other purposes, such as strategic partnerships and paying for staff and services Treasury Multisig Link
We will not commit to a hard emission curve but instead our philosophy is to carefully balance the expansion of the token supply with the incentive rewards for attracting liquidity and users. The xTRANQ public sale is an example of this philosophy in action.
Based on the experiences of incentive programs from other protocols, rewards are often farmed and dumped by huge funds who often have no interest in the long term interest of the project itself.
We expect the allocation for incentive rewards to last at least 4 years.
Last modified 1yr ago