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	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 treasury.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	82,049,328 PALM tokens (8,205%) 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.
Team & advisors	​170,000,000 PALM tokens (17%) Vesting: 0% at TGE, beginning day 180 after TGE, daily release over 30 months.
Ecosystem & rewards	486,500,000 PALM tokens (48,65%) Ecosystem and rewards benefit traders and stakers participating 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.