P8 tokenomics
With Poly186's mission of providing producers with SDKs and APIs which will allow them to use smart contracts to collaborate in building IPs, products, and services on the platforms infrastructure, a common and uniform medium of exchange must be made available to make transactions seamless, this comes in the form of P8.
P8 are the native tokens and official medium of carrying out transactions on the Poly186 ecosystem.
All P8 that will be present in the secondary markets (exchanges) are ones that were earned by producers working in the Poly186 ecosystem, this makes any P8 available in the markets to represent actual value for a product or service produced, giving the tokens a relative scarcity and making them to be sought after.
All SDK and API fees on the platform will be payable only through P8 tokens. Converting Fiat currency to P8 for the payment of these fees will be handled by the platform's PolyRamp which gives producers the convenience of not having to go through multiple conversions before P8 is purchased, it also insulates producers from the price fluctuations that might occur during conversion.
All purchases or sales done within the ecosystem will only be completed using p8.
Liquidity providers on Monette ( poly186's official swapping platform) will receive rewards In P8.
P8 tokens were minted originally on the Gnosis chain, it's an ERC-20 standard token that has a total supply of 186 trillion.
The breakdown of the total supply of P8 will follow this template.
- 20% of all tokens will be in the platforms reserves,
- 18% is allocated for the incubator program,
- 10% is allocated for franchise models
- 10% for acquisitions,
- employees Vesting is allocated 9%,
- Poly protocol foundation is allocated 8%,
- Poly OS foundation is allocated 6%,
- 6% is reserved for grants to be awarded within the ecosystem,
- 4% will be rewarded to the partners,
- 2% will be for incentives and,
- 1% will be held by the founder.
P8 serves as the medium through which poly 186 will enable the increase in the rate of innovations, allowing producers to leverage emerging technologies to solve Earth's pressing needs.
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