Tokenomic Details
Tokenomic details for the native ERC-20 token of Providence II PROV.
Overview
In the table below are is an overview of the PROV token details.
Token Name
PROV
Blockchain Platform
Manta Pacific
Token Standard
ERC-20
Total Supply
100,000,000
Circulating Supply
24,000,000
Allocation
In the table below is the total supply allocation percentage of each tokenomic segment.
Team
20.00%
Advisors
3.00%
IDO
5.00%
Private
20.00%
Liquidity
15.00%
Partnerships
1.00%
Community & Ecosystem
2.50%
Marketing
2.50%
Airdrop
30.00%
Bounty
1.00%
Distribution Plan
As highlighted previously, the initial circulating supply for PROV will be 24,000,000 tokens. Upon token launch, the initial PROV token supply breakdown will be as follows.
Team
10.416%
Advisors
0.00%
IDO
20.833%
Private
10.416%
Liquidity
12.50%
Partnerships
0.00%
Community & Ecosystem
0.00%
Marketing
4.166%
Airdrop
41.66%
Bounty
0.00%
Upon the TGE and launch of PROV, tokens will be vested across the following schedule.
Team
Initial 12.5% unlock of team tokens followed by gradual 23-month vesting of tokens.
Advisors
Six-month zero emission of tokens followed by 14-month vesting of tokens.
IDO
No vesting period.
Private
Initial 12.5% unlock of private tokens followed by three-month stagnation with gradual linear release.
Liquidity
Initial 20% unlock of liquidity tokens followed by 15-month linear release period.
Partnerships
11-month zero token emissions followed by a 19-month linear emission schedule.
Community & Ecosystem
13-month zero token emissions followed by 20-month linear emission schedule.
Marketing
Initial 40% unlock of marketing tokens followed by two major releases on month seven and 13.
Airdrop
Initial 33.33% unlock of airdrop tokens followed by two major additional 33.33% airdrops on month 7 and 13.
Bounty
No initial emission with two major unlock events on month 8 and 14 followed by minor vesting on month 23.
In figure (1) below is the PROV vesting schedule visualised.
Continued Emissions
After month 35 (the end of the initial T.G.E emissions period), 5,000,000 tokens will be added to the total supply p/y over a 10-year period. The usage of these tokens will be determined by PROV governance token holders. Thus, the year on year inflation rate after the aforementioned three-year inflation rate will be as demonstrated in the table below.
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