POWER is our platform token, and we will empower the long-term development of PowerSwap through the POWER token. POWER is the only DEX platform token with a deflationary model. When selling POWER tokens, sellers need to pay a 5% sales tax, of which 3% will be burned, and 1% will be used to add liquidity to POWER and The added liquidity is locked forever, and 1% goes into the long-term operation fund of the project.
The initial supply of POWER tokens is 1 billion. Assume the daily transaction turnover rate is 10%, POWER tokens will be burnt 44.5% after one year, 73.3% after two years, and 89.3% after three years. Burning will stop when the amount of POWER tokens drops below 10millon.
In order to maintain the continuous development of PowerSwap, we will issue an additional 0.2% of the total supply every day to reward liquidity providers and community users after 20% of the total POWER is burned. The rate of additional issuances is halved every 365 days.
For the first year
Assuming the turnover rate is 10%. The total supply at the start of the additional issuance will be 800 million, the second day total supply will become 800m*99.7%+800m*0.2%=800m*99.9%, after 365 days, the total supply becomes 800m*0.999^365=555m.
For the second year
The daily increase in issuance becomes 0.1% of the total supply. The second day total supply will become 555m*99.7%+555m*0.1%=555m*99.8%, after 365 days, the total supply becomes 555m*0.998^365=267m.
For the third year
The daily increase in issuance becomes 0.05% of the total supply. The second day total supply will become 267m*99.7%+267m*0.05%=267m*99.75%, after 365 days, the total supply becomes 267m*0.9975^365=107m.
And so on, the total supply of POWER will continue to decrease, and in another 3 years there will be only 10 million remaining.
In addition to burning in transactions, POWER will also be burned in Lottery and IFO. In short, our theme is BURNING.
75million as initial circulation which is 7.5%
100million for Ecological cooperation which is 10%(Lock-up rule: Lock for 3 months then 2 years linear release.)
100million for marketing which is 10%(Lock-up rule: Lock for 3 months then 2 years linear release.)
100million for Venture capital partner which is 10%.
100million for team which is 10%(Lock-up rule:lock the position for 2 years.)
525million for yield farming rewards and early community user airdrops which is 52.5%(It will only be distributed through farming rewards and airdrops, and will not be used for other purposes.)