Tokenomics
| Token | Chain | Total Supply | Emission Rate | Address |
|---|---|---|---|---|
iPEGG | IoTeX | Unlimited | 0.2 | io1zakt2yfmfzzm8gv5h45s26krlcm6fw2unck7a2 |
BPEGG | IoTeX | Unlimiteed | N/A | 0xa8b2091301AB362602E4C104E91EB6A95c622Bc7 |
PPEGG | Arbitrum | Unlimited | 0.4 | 0x78055dAA07035Aa5EBC3e5139C281Ce6312E1b22 |
BPEGG | Arbitrum | Unlimited | N/A | 0xC0307AFbAE41CA45757703b0101D2A03FB9b7d08 |
iPEGG (IoTeX)
Contract Address io1zakt2yfmfzzm8gv5h45s26krlcm6fw2unck7a2
Update #1 Emission rate is being updated to 0,2 iPEGG per block Transaction Changes will be effective Oct 10 Sun at 21:35 UTC
The initial Emission rate will be set to 1 iPEGG per block, but as we said that will be updated based on how the project progresses.
Our goal is to transform iPEGG into a very low inflationary token as the project progresses and more deflationary measures are implemented. Emissions will be reduced constantly over time. It is important to keep it balanced so rewards are fair for everyone without putting the token price at risk. After the initial 1 iPEGG/Block, the early adopters will have enjoyed higher rewards and then will be set to 0.25 iPEGG/Block, which will be progressively set lower. *Incubator feature (Burning Vault) will be implemented as we did on Arbitrum, allowing users to burn tokens to get another token.
We understand that community members could be concerned about our tokens not having a hard cap. However, think about Bitcoin or Ethereum until now: they are still inflationary. Coins are created in every block. What really matters is inflation decreasing over time and keeping pace with the number of users and the utility that the coin has. At its core, Parrot DeFi will be a decentralized exchange. One of the fundamental for an exchange to properly work is to encourage users to provide liquidity in farms/vaults.
And to create incentives, block rewards are necessary.
BPEGG (IoTeX)
Contract address 0xa8b2091301AB362602E4C104E91EB6A95c622Bc7
Blue Parrot Egg, $BPEGG, comes to help his fellow token $iPEGG to become less inflationary. The best way to get BPEGG is by swapping your current iPEGG for BPEGG at the incubator. Every time you swap 2 iPEGG for 1 BPEGG your swapped iPEGG will instantly burn. Find more info at Incubator feature.
PPEGG (Arbitrum)
Contract address 0x78055dAA07035Aa5EBC3e5139C281Ce6312E1b22
Update #2 Emission rate is being updated to 0,4 PPEGG per block Transaction Changes will be effective Sep 29 Wed at 11:25 UTC
Update #1 Emission rate is being updated to 0,45 PPEGG per block Transaction Changes will be effective Sep 25 Sat at 18:15 UTC
At the moment, PPEGG is an inflationary token with no max supply.
Our goal is to transform PPEGG into a very low inflationary token as the project progresses and more deflationary measures are implemented. Emissions will be reduced constantly over time.
We understand that community members could be concerned about our tokens not having a hard cap. However, think about Bitcoin or Ethereum until now: they are still inflationary. Coins are created in every block. What really matters is inflation decreasing over time and keeping pace with the number of users and the utility that the coin has. At its core, Parrot DeFi will be a decentralized exchange. One of the fundamental for an exchange to properly work is to encourage users to provide liquidity in farms/vaults.
And to create incentives, block rewards are necessary.
At Launch the initial Emission rate will be set to 0.5 PPEGG per block, but as we said that will be updated based on how the project progresses.
BPEGG (Arbitrum)
Contract address 0xC0307AFbAE41CA45757703b0101D2A03FB9b7d08
Blue Parrot Egg, $BPEGG, comes to help his fellow token $PPEGG to become less inflationary. The best way to get BPEGG is by swapping your current PPEGG for BPEGG at the incubator. Every time you swap 2 PPEGG for 1 BPEGG your swapped PPEGG will instantly burn. Find more info at Incubator feature.
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