Mainnet DEPN Token and DEPN Market (TBA)

• DEPN Token Address: To be provided upon mainnet launch. This token will serve as the primary currency for protocol services, including API access, transaction fees, and incentive mechanisms.

• DEPN Market Address: To be provided upon mainnet launch. The DEPN Market will facilitate a decentralized marketplace for API providers, where users can access and subscribe to various decentralized services using DEPN Tokens.

Both the DEPN Token and DEPN Market will leverage the security and scalability of Ethereum Mainnet, providing a robust foundation for high-volume usage and seamless transactions. Full configuration details will be added once the mainnet deployment is live.

1. Total Supply

• Total Token Supply: 100 million DEPN tokens

The fixed supply aims to foster scarcity, contributing to long-term value appreciation as Depinify's ecosystem matures.

2. Transaction Tax (5%) on Buys and Sells

A 5% transaction tax is applied to all buy and sell orders. This tax is strategically implemented to benefit the protocol’s ecosystem, adding value through sustainable funding for liquidity, development, and ecosystem incentives.

• Purpose of Transaction Tax:

  • Enhance Liquidity: A portion of the tax supports liquidity, ensuring stability and reducing volatility.

  • Project Growth and Development: Funds collected contribute to ongoing development, partnerships, and strategic initiatives.

  • Incentive Alignment: By using tax revenue for ecosystem growth, we ensure a balanced and rewarding experience for all stakeholders.

    
    

3. Token Allocation

To drive growth and maintain a balanced ecosystem, tokens are allocated across four core areas:

• Liquidity Pool: 60% (60 million tokens)

  • Purpose: Enhance initial liquidity and token distribution, ensuring a stable environment for trading.

• Team and Advisors: 5% (5 million tokens)

  • Purpose: Align the team’s and advisors’ interests with the protocol’s long-term goals.

  • Vesting Schedule: Cliff vested for the first 3 months, followed by monthly releases over the next 9 months.

• Node Incentives: 10% (10 million tokens)

  • Purpose: Incentivize node operators to support and maintain the network.

  • Lock: One-month lock post-launch, after which tokens are available to incentivize and reward node participants.

• Ecosystem and Partnership Incentives: 15% (15 million tokens)

  • Purpose: Support partnerships, community grants, and ecosystem incentives to drive growth and engagement.

  • Vesting Schedule: 1.2% released at TGE, followed by continuous monthly vesting of the remaining allocation over 12 months.

• Reserve: 10% (10 million tokens)

  • Purpose: Set aside for strategic use and emerging opportunities, providing flexibility as the protocol evolves.

  • Vesting Schedule: Cliff vested for the first 12 months then gradual monthly release.

4. Vesting Schedule for Team and Advisors

• Initial Cliff Period: A 3-month lock for team and advisor tokens, ensuring long-term commitment.

• Monthly Releases: Tokens are released in equal monthly installments over 9 months following the cliff, aligning with the protocol’s growth and stability objectives.

  
  

5. Overview for All Tokenomics