Tokenomics
Supply Information
- Initial Supply: 3,324,324,324,357 PROTEC
- Current Supply: Will be updated.
- Chain: Binance Smart Chain (BSC)
Distribution
PROTEC starts as a complete fair launch, with initial liquidity seeded by the team and then it is assumed that users will participate in the vaults, which in turn will result in greater community owned liquidity.
Token Mechanics
PROTEC tokens are getting debased every block with a 0.000280556% rate which results in a 7% reduction of the initial supply per day. To compensate for this decrease, you can stake your tokens in either Big or Smol vaults and get rewards. Rewards will only get debased upon claim!
Debase Mechanics
- Debase Rate: 7% of initial supply per day
- Block Time: 3 seconds (28,800 blocks per day)
- Per Block Debase: 8,080,024.4 PROTEC
- Daily Debase: 232,702,702,705 PROTEC (7% of initial supply)
Reward Mechanics
- Reward Rate: 5% of initial supply per day
- Block Time: 3 seconds (28,800 blocks per day)
- Per Block Reward: 5,771,396.4 PROTEC
- Daily Rewards: 166,216,216,217.85 PROTEC (5% of initial supply)
- Delta between Debase and Reward: 2% of initial supply per day
Important Notes
- Depositing or claiming will incur 24 hours lock on withdrawals
- Depositing or claiming will not extend the timer but the timer will reset with another 24 hours
- The debase is happening for the whole token supply including PROTEC in vaults and PROTEC in LP
- Since PROTEC in LP also gets debased, the amount of PROTEC will decrease but the amount of BNB will remain the same
- This mechanism means the price of PROTEC will continue to increase if no one is selling and BNB is stable
- Rewards can be changed by dev and is subject to change
Smart Contracts
PROTEC token has a mint function but the owner is a Timelock contract which has been set to 3 days. So everyone has time to react for 3 days if dev does something.