Web3 AI social infrastructure platform Pop Social has announced its economic model, with a total supply of 200 million PPT. The breakdown is as follows: - 60 million will be used for foundation reserves. The use of foundation reserves will be decided by the community and team through governance voting, for market operations, marketing, and partnerships. Funds will also be allocated for LP operations, to provide liquidity and reduce volatility; - 10 million will be used for strategic rounds to fund development and operations, community incentives, partnerships, research, and development. Similarly, 30 million will be used for the development team. The development team will retain 15% of the tokens to reward early contributors to Pop and founders. These tokens will help the team improve the protocol with the entire Pop community. These tokens will be locked for the first six months and then gradually released over 36 months; - 4 million will be reserved for advisors to reward those who help Pop establish strategic partnerships, fundraising, and creator relationships within the Pop ecosystem; - 6 million will be strictly reserved for airdrops to reward early users and provide flexibility for project operations; - The Pop treasury will receive 4,594,286 tokens. The Pop treasury is the self-sustaining basis of the Pop platform's social economy, collecting all platform fees, revenue, and token consumption, and then issuing more tokens after the initial token issuance period ends. - The remaining PPT supply will be allocated as follows: Launchpads/IDO (5,405,714 tokens), and market-making (10 million tokens). Previously, Pop Social completed a $4 million seed round and strategic round financing, with participation from Chainlink, among others.
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