Pearl tokenomics have been designed to incentivize positive action and align the incentives of all ecosystem participants to create shared value in the protocol. Various groups and early participants will receive initial $vePEARL positions to activate their participation in the Pearl economy, but true to the ve(3,3) model, the tokenomics require continued participation to maintain longterm value.
30% $vePEARL Protocol Airdrop (locked)
30% of the initial supply is allocated to protocols who demonstrate their willingness to engage with our exchange. This allocation will be distributed across both the launch phase, to protocols engaged in early Pearl activity, and the post-launch phase, to reward the projects and communities who will make Pearl an enduring success. When evaluating partner protocols, we'll consider a range of factors including TVL, product quality, community and trade volumes. We'll make special effort to engage RWA protocols and support their development through liquidity and stake in Pearl. At any time, the team can allocate these tokens to new protocols who will leverage them to support Pearl.
The amount of $vePEARL airdropped to each protocol will be variable and dependent on the needs and value-add of each individual protocol, enough to give them a jumpstart on their ecosystem activity. We expect that these projects will continue to acquire $PEARL to maintain their long-term liquidity incentives.
As these tokens are earmarked for pre-and post-launch protocol support, there are no plans to burn this supply at any time. Any unallocated tokens will be used by the Pearl team to vote for the pools and protocols which will benefit the success of Pearl. Prior to distribution we consider these tokens to be Pearl protocol equity.
While the longterm success of Pearl is incentive enough, 22% of the initial supply has been allocated to the team to align them on the goal of building the leading RWA DEX. With an asset class as underdeveloped as RWAs, it's critical the team remain activated in leading both the protocol as well as the tokenized RWA category.
Core team members interests will align with Pearl through the receipt of a percentage of initial supply in the form of locked $vePEARL. This allocation allows team members to participate in the upside of the protocol while having a long-term oriented position.
Core team members will use their vote equity to support core pair gauges at launch to incentivize deep liquidity and low slippage for critical, high volume pairs including $ETH, $USDC and $PEARL. This initial allocation also helps to preserve the core team's initial control over Pearl to achieve the original vision of the protocol.
18% $vePEARL Farmer Airdrop (locked)
18% of protocol equity will be distributed to reliable ve(3,3) token lockers and liquidity providers. Our goal is to put meaningful sums of money in the right hands, active participants in key Solidly ecosystems and major liquidity providers on Polygon.
Recipients will be chosen based on a number of criteria with the goal of incentivizing the early growth of Pearl through this equity and revenue share. The final eligibility criteria.
In an effort to build a lasting bridge between protocols with our strategic partner, 10% of $vePEARL will go to the current Tangible community, holders of locked 3,3+ $TNGBL positions. The Tangible community has shown a commitment to the longterm development and proliferation of tokenized RWAs and we believe their support is critical at launch. If Pearl is to succeeded in building the leading DEX for on-chain RWAs, we will need the strength of the original tokenized RWA community in the space to help us reach this goal.
Tangible recipients will receive their allocation as $vePEARL, locked for the maximum 2-year duration.
10% $PEARL Ecosystem Grant (unlocked)
10% of the initial supply is allocated to a specific fund that will be used to support a wide range of projects that aim to accelerate the growth of tokenized RWAs and Pearl. Priority projects will receive significant from the core team (smart contract development, marketing, business development, etc.) alongside any financial assistance granted via this fund.
This allocation will be held under the Pearl multisig wallet and is subject to approval before use.
6% $PEARL Marketing (unlocked)
6% of the initial supply will be reserved for various marketing purposes. This may include additional giveaways/airdrops, community building rewards, compensation to content creators or funds reserved for future listing purposes.
This allocation will be held under the Pearl multisig wallet and is subject to approval before use.
4% $PEARL DEX Liquidity (unlocked)
4% of the initial supply will be paired with $USDR to provide enough liquidity at launch.
$PEARL will launch with an initial price of $0.20.
