Tokenomics

Blockrewards

Each block on BNB Smart Chain contains new tokens that are released for the Ecosystem: Trading Cycles, Farming, Staking and Trading cycle v2 Vault.

Distribution

Distributed to
Reward per Block
Reward per Day
Reward total
Trading Cycle
1 Palm
28,800 Palm
100,000,000 (10%)
Farm
1.5 Palm
43,200 Palm
97,500,000 (9.75%)
Staking
1 Palm
28,800 Palm
60,000,000 (6%)
Trading Cycle v2 Vault
4.5 Palm
129,600 Palm
227,500,000 (22.75%)
The allocation can be changed at a later stage via governance.

Deflationary Mechanism

50% of trading fees are used to buyback and burn PALM. Post that, the 50% will be used to buy back and hold the PALM tokens in the Trasury.25% of Treasury will be used for insurance funds and the remaining 25% for protocol operations.
Will be active once public mainnet is live!

PALM Token Distribution

Lot
Description
​
Community Fair Launch (CFL)
  • 100,000,000 PALM tokens (10%)
  • Community fair launch, on September 20th, 2022. Vesting: 25% at TGE, beginning day 30 after TGE, daily release over 3 months.
Seed round
  • 20,640,000 PALM tokens (2,06%)
  • The seed sale round was led by Crypto Oasis as the lead venture. Vesting: 0% at TGE, beginning day 61 after TGE, daily release over 18 months.
Private round
  • ​22,912,532 PALM tokens (2,29%)
  • Vesting: 0% at TGE, beginning day 46 after TGE, daily release over 15 months.
Team & advisors
  • ​170,000,000 PALM tokens (17%)
  • Vesting: 0% at TGE, beginning day 180 after TGE, daily release over 30 months.
Ecosystem & rewards
  • 525,000,000 PALM tokens (52,5%)
  • Ecosystem and rewards that benefit traders and stakers who participate in the Palmswap Protocol ecosystem. With the transition from Palmswap Protocol to community governance, the distribution of ecosystem rewards will be decided by the Palmswap Protocol community.
Marketing
  • 49,786,075 PALM tokens (4,97%)
  • Vesting: 0% at TGE, beginning day 30 after TGE, daily over 12 months.
Market Maker & Liquidity
  • 37,500,000 PALM tokens (3.75%)
  • Vesting: 46.5% at TGE, beginning day 30 after TGE, daily over 3 months.
Early User Airdrops
  • 4,500,000 PALM tokens (0.45%)
  • Vesting: 100% at TGE
Insurance funds
  • 30,000,000 PALM tokens (3%)
  • Vesting: Elicited when there is a loss in the Protocol to compensate for the loss.
Reserves
  • 39,461,393 PALM tokens (3.94%)
  • Vesting: Can be claimed at least 6 months after TGE if needed.
​
Copy link
On this page
Blockrewards
Distribution
Deflationary Mechanism
PALM Token Distribution