💰 Tokenomics === PRIME token: fuelling the SolanaPrime ecosystem. Introduction --- The PRIME token acts as the fuel for the entire SolanaPrime ecosystem which is composed of SolanaPrime and a single governance layer governed by the PrimeDAO. PRIME will serve a number of functions, shaping agent interactions and setting good economic incentives for self-fulfilling growth of the value of the SolanaPrime ecosystem. This section gives a brief overview of the intended functionalities, defined in two separate categories: its core and auxiliary utilities. <br /> # PRIME and SPIX tokens PRIME Token --- This token acts as the governance token for the platform enabling tiered access to raises as well as exposure to the SPIX token through staking. PRIME token on Solscan --- You can check out the PRIME token on Solscan [here](https://solscan.io/token/PRiME7gDoiG1vGr95a3CRMv9xHY7UGjd4JKvfSkmQu2). SPIX Token --- This token acts as an ETF of all previous raises on the platform. IDOs contribute a 10% to 15% fee to a special protocol portfolio pool (SPIX Index Pool) and SPIX tokens offer exposure to this pool. SPIX token on Solscan --- You can check out the SPIX token on Solscan [here](https://solscan.io/token/SPiXWTmxrrUAe8ukZ79Bz9zjY5L8kR1bQ4S51M4C83V). <br /> # PRIME Token FAQ Core Utility --- 1. **Staking PRIME** will place each user at a certain Tier and will grant them the possibility to participate in IDO pools according to the characteristics of each Tier. 2. Staking prime will yield **SPIX tokens**. 3. **Governance**: PRIME stakers will participate in the governance mechanisms via voting for the following types of proposals: 1. System upgrades. 2. Changes of system parameters. 3. PrimeDAO incubation and launches. Note: the Governance mechanism will be implemented at a later date, keep up with our announcements to find out when!) Auxiliary Utility --- **Cast-out Fee**: Unstaking of PRIME tokens implies paying a small ‘cast out fee’ of 2.4% which is redistributed to PRIME stakers to incentivize long term staking. **Referral Link**: Creation of the referral link implies transferring some amount of PRIME tokens to the DAO. These links will carry benefits for both, referrers and the users being referred in form of price discounts for buyers & traders, and rewards in quote assets or project tokens for link creators. (TBD). **PRIME Raises**: Verified PRIME-nominated pools are subject to additional benefits. (TBD; for the moment being only USDC nominated pools will be hosted on SolanaPrime). PRIME Token Distribution --- | Allocation Type | Token Amount | Percentage | Initial Unlock | In Tokens | Cliff (Months) | Vesting (Months) | |:---------------------- |:------------------:|:----------:| --------------------- |:------------:|:------------------:|:----------------:| | Seed Round | 7,000,000.00 | 7.00% | 10.00% | 700,000.00 | 3 | 24 | | Private Round | 1,000,000.00 | 1.00% | 10.00% | 100,000.00 | 3 | 22 | | IDO | 250,000.00 | 0.25% | 100.00% | 250,000.00 | 0 | 0 | | Strategic Partnerships | 6,500,000.00 | 6.50% | 1.00% | 65,000.00 | 1 | 18 | | Team | 18,000,000.00 | 18.00% | 1.00% | 180,000.00 | 3 | 24 | | Advisors and Marketing | 5,000,000.00 | 5.00% | 1.00% | 50,000.00 | 3 | 24 | | Token Liquidity | 5,000,000.00 | 5.00% | 9.50% | 475,000.00 | 1 | 6 | | PRIME Ecosystem Fund | 21,750,000.00 | 21.75% | 5.00% | 1,087,500.00 | 0 | 12 | | Community Incentives | 13,500,000.00 | 13.50% | 0.00% | 0.00 | 0 | 36 | | Liquidity Mining | 7,000,000.00 | 7.00% | 1.00% | 70,000.00 | 0 | 48 | | $PRIME Staking | 7,500,000.00 | 7.50% | 5.00% | 375,000.00 | 0 | 6 | | $PRIME Insurance Fund | 7,500,000.00 | 7.50% | 0.00% | 0.00 | 1 | 6 | | **Grand Total** | **100,000,000.00** | | **IDO Price = $0.60** | | **Free Float IMC** | **$630,000.00** | How and where are the unlocked tokens secured, and how long will they be locked for? What other token distributions do you have? --- These tokens are held in a 'war chest' for the purposes of providing liquidity on trading venues other than Raydium. There are many more exchanges we aim to list on, and each of them will require PRIME tokens, as well as base assets such as SOL or USDC, to ensure a liquid automated market maker (AMM) pool; or a deep order book in the case of centralized exchanges. Around 8% of our total supply was allocated to our early private and seed funding partners. These tokens are vested, meaning they cannot yet be sold on the open market, and they have been sent to [Streamflow Finance ](http://streamflow.finance/) for these participants to track their vesting schedule. What was the price paid by strategic partners for the PRIME token? --- The price that private strategic partners received ranged from 0.40 USDC to 0.60 USDC per PRIME. We cannot confirm a specific token price on the broader market, given that it will be determined by supply and demand forces. Please, bear in mind that our early investors and strategic partners impart great value to our project through careful advice and consultation in the first phases of our launch. Will the PRIME token be available on Binance Smart Chain, Ethereum or another blockchain? --- The PRIME token will only be made available on the Solana network as an SPL token. Deflation Mechanics. --- Upon reaching certain level of aggregate funds raised, a system fee is enabled. This feature adds a small fee on top and amounts to ~5% of the total funds raised. The proceeds from collecting the system fee are used to buy back and burn PRIME tokens. --- # SPIX Token FAQ What is the SPIX token? --- SPIX tokens are the incentive behind a unique reward system that PRIME token stakers gain access to when they stake PRIME tokens for the required time period before an IDO begins. Every project that launches an IDO on the SolanaPrime platform will contributeanywhere from 10% to 15% of the tokens that IDO on the platform to the SPIX Index Pool. This pool will mint the SPIX token, its value will be intrinsically backed by the basket of all the underlying successful IDO tokens. In the future, users will also have the option to pay a premium to redeem the underlying tokens. The SPIX token supply will be limited to 100,000,000 tokens, these will be 100% available for mining, and totally mined thanks to PRIME stakers. The minting of SPIX tokens will happen in a periodic manner (second by second), and distributed pro-rata according to volume to all current stakers. Simply put; the more PRIME you stake, the greater the portion of the tokens available as SPIX rewards you will get. It is also **very important** to highlight: SPIX tokens will be distributed at a rate per second which will decline over time, so the APY perceived through PRIME staking will decrease accordingly. So, the sooner you start staking $PRIME the better! How do SPIX tokens work? --- **Utility**: SPIX is a finite supply token that’s being minted, and distributed, pro-rata (at a decreasing rate over time). SPIX tokens are claims against the SPIX Index Pool’s assets; given that SPIX supply is capped, and given the SPIX Index Pool properties, SPIX tokens will give their holders exposure to SolanaPrime’s ever growing basket-of-tokens, which is why we suspect that SPIX tokens will inevitably increase their value over time. **Distribution**: The only way to acquire the SPIX tokens is to stake the PRIME tokens on the platform. SPIX Token Phases --- **Phase 1**: SPIX distribution through Staking. In this phase, SPIX tokens will only be available to PRIME stakers public through mining (i.e. staking PRIME tokens). SPIX tokens will not be available to claim, they will be assigned and distributed on a pro-rata basis periodically (every second) relative to the PRIME staked by each user. SPIX APY will decrease over time. **Phase 2**: Secondary markets. SPIX begins trading on secondary markets. SPIX tokens obtained from SolanaPrime's treasury staking will be used to create the pools on DEXs and provide liquidity. Users can claim their SPIX tokens to their Phantom wallet. **Phase 3**: Claiming underlying tokens (redeeming SPIX) Of course, the SPIX tokens represent ownership of an underlying asset (in this case a pool of assets), and the redemption option will be announced according to our community's demand for usage of the underlying tokens in the pool. --- <br /> Next Page: [👨🏻‍💻 Team](/Kl_UVKYeQrWxBfYeIiiB8A) Previous page: 👨‍🚀 [Launchpad & Ecosystem](/JBYOPQcOR9OFkGP68kuAVw) Home page: [📑 Product Guide & FAQ for SolanaPrime](/xWizxQCIQI2E9cHFTFFREQ)