📓

Tokenomics

App Twitter

Tokenomics

Three Token Module

Standard Protocol has a three token module, our USD-pegged stablecoin MeterUSD (USM), governance token Standard (STND), and liquidity token Liter (LTR)

MeterUSD (USM) - Stablecoin

image

Meter (USM) is the stablecoin that is minted from user-posted collaterals. The elastic supply of USM is rebased each era to ensure the stability of its peg. Holders can use USM to leverage trade, exchange for other assets, and make arbitrage profits from liquidated collaterals.

Standard (STND) - Governance Token

image

Standard (STND) is the network and governance token for Standard Protocol. Stability Fee generated from lending out MTR will be distributed among STND holders.

Liter (LTR) - Liquidity Token

image

Liter (LTR) is the liquidity provider token that represents a share of the AMM Module. Similar to the LP token in Uniswap, LTR can be burned in an AMM to receive deposited assets. LTR can also be used for STND yield farming.

$STND Governance Token Distribution

image

Token Release Method

Funding (Seed, Strategic Partners, Private, IDO): 21.3%

Seed round: 5%

These tokens are assigned to top venture capital firms and proactive investors. 15% of these tokens sold in the seed round will be released on TGE with the remaining subject to a linear release schedule every quarter over one year.

Strategic partners: 5%

The strategic partner tokens are to be allocated to strategically value-adding funds. 20% of the tokens will be released on TGE, with the remaining subject to a linear release schedule every quarter over one year.

Private round: 10%

The private sale tokens are to be allocated to good partnership funds and community funds. 20% of the private sale tokens will be released on TGE, with the remaining subject to a linear release schedule every quarter over one year.

Public IDO: 1.3%

1.3% of the total supply will be released on an IDO platform such as Polkastarter. It will be fully unlocked on TGE.

Ecosystem Partners and Advisors: 3%

These tokens are assigned to global advisors. Tokens are distributed a linear release schedule every month over one year after a 3-month cliff.

Team: 10%

These tokens are assigned to the core team and full-time employees. Tokens are distributed a linear release schedule every month over one year after a 3-month cliff.

Marketing and Ecosystem: 4.7%

These tokens are assigned to early-stage community builders for growing traffic in different social platforms, crypto communities, Reddit communities, and developer forum communities.

Community Incentive: 6%

These tokens are to be distributed to various communities so that more people can join the Standard Protocol community.

Foundation: 15%

These tokens are to be assigned to a Foundation reserved for business partnerships and collaboration.

Yield Farming, Staking Distribution: 30%

These tokens are to be assigned for liquidity mining rewards.

Validator (grant developer): 2%

These tokens are to be distributed to initial grant programmers or testnet validators before market discovery and test net structures are rolled out.

Community developer: 4%

These tokens are to be distributed to programmers in post-market discovery.

Crown Loan Airdrop (Parachain Incentive): 4%

These tokens are to be distributed in establishing the Polkadot ecosystem partnership consortium.