PGDash
  • ๐ŸŒ™Background
    • ๐ŸงกIntroduction
    • ๐Ÿ•น๏ธProblem Solved
    • ๐Ÿ’ฟCurrent Phase
    • ๐ŸฆฏL2 Solutions
  • ๐Ÿ’ปTechnical Implementation and System Architecture
    • ๐Ÿ“ฝ๏ธUnderlying Technologies
    • โŒจ๏ธTechnical Architecture
    • ๐Ÿ“ System Components
  • โ›“๏ธEcological Products
  • ๐ŸšฉAdvantages
  • ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘User Access Patterns
  • ๐Ÿ’ธEconomic Model
    • ๐Ÿ’ฐUse Cases
    • ๐Ÿ“”NFT + Token Model
    • ๐Ÿ’ฐTokenomics
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  1. Economic Model

Tokenomics

Total supply: 1,000,000,000

Distribution

  1. Node Validation 25%

Rewards are provided to nodes for their contribution and maintenance of the high-frequency trading network. These rewards are distributed based on the node's performance and level of participation. There are 51 validator nodes, with a staking period of six months. Node election is based on a ranking lock-in system, and users who do not become elected as nodes within the validity period can withdraw their tokens.

Node Validation Incentive APY: 25%

Rewarding Validator Nodes: Nodes participating in the PGDash network will receive PGD rewards as a return for their contributions. Validators need to stake a certain amount of PGD on the PGDash network as an incentive to maintain network security and reliability. If validators violate network rules or experience faults, they will lose a portion of their stake to encourage adherence to network rules and stable node operation.

  1. Team 12%

10% at TGE, unlocking completed over the next 9 quarters.

  1. Financing 5%

20% at TGE, unlocking completed over the next 4 quarters.

  1. IDO 5%

50% at TGE, unlocking completed in 2 months.

  1. Liquidity Reserve 3% (Initial liquidity).

  2. Transaction Mining 6%

  3. Burn Mining 14%

  4. Ecosystem Development 15%

Used for building the PGDash ecosystem, including expansion of partnerships, DAPP support, incubating ecosystem projects, Grant programs, and launching new technology products.

The multi-chain decentralized trading platform Vortex will deploy within the PGDash ecosystem. Users trading mainstream currencies on the Vortex PGDash chain can earn PGD token rewards for:

  • DAO Governance (2%): PGD token holders can participate in governance decisions of the project, such as voting on project direction, token incentive details, etc. Proposers and participants receive some token rewards after each proposal passes. DAO members are rotated every three months. DAO Member Election: The top 21 nodes in staking ranking automatically become DAO members.

  • Ecosystem Project Incentives (4%) PGD will initiate multiple rounds of ecosystem incentives, with a total of 3% of PGD tokens used for incentives for decentralized applications (dApps) built exclusively on PGDash.

  • TVL Incentives (3%): DApps with an average monthly TVL over $10 million in 3 months will share 3% of PGD tokens according to TVL weighting.

  • Ecosystem Trading Incentives (6%) Incentives for spot and contract trading in PGDash DeFi products, such as PGD production from trading on the Pego chain ecosystem project Vortex.

  1. Airdrop 15%

  • Community Incentives 2%

  • PGVT Staking Special Airdrop 3%

  • Interactive Behavior 2%

-Engaging in over 30 hash transactions on PGdash trading PEGO network chain pairs.

-Interacting on PGdash for three consecutive natural weeks (at least 3 interactions per week, including but not limited to deposits, trading, withdrawals).

-Top 10 users in daily trading volume on the PGdash explorer, each receiving a portion of PGD airdrop according to their trading volume ranking.

  • Deep Participation Behavior 8%

-Cross-chain mainstream assets from PegoChain or other public chains to PGdash.

-Participate in leading TVL trades on PGdash.

-Use PGDash for yield/asset storage products, ranked by TVL. Cross-chain mainstream assets participating in PGDash staking yield products.

-Rewards are distributed based on staking duration, amount of funds, with different weights, earning yield while potentially receiving PGD airdrops.

PreviousNFT + Token Model

Last updated 1 year ago

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