Introduction
For most projects within the blockchain and cryptocurrency space, it is common to develop a digital asset that serves as an identity. The Poolz DeFi network also has its token, denoted as POZ. This article will provide detailed information concerning the allocation and circulation of POZ coin.
Exchange Rewards:
This network recompenses its users for exchanging tokens on its platform and allocates 1.85 million POZ coins, about 37% of the total quantity, to reward investors for engaging pools creation and listing on the Poolz platform. Exchange benefits will be accessible to eligible users for ten years, beginning from its unveiling date. Subsequently, the schedule of apportioning rewards will occur weekly, about 3,577 coins every seven days. Poolz DeFi network will also integrate a governance model to monitor future changes that may occur in the vesting percentage.
Allocation Mechanism:
The sharing of digital assets to LPs based on their actions in creating pools refers to the allocation mechanism. Based on the framework of the platform, each investor receives a percentage of the whole liquidity amount deposited every week. The community of the Poolz network will follow a weekly sharing formula, which will oversee the disbursement of the coins to the LP. If an LP is the sole provider of tokens for a new week, the LP receives all the rewards for that week.
Staking Rewards:
In the blockchain industry, we know staking is a popular method to circulate their digital assets to users, and it is an effective procedure in strengthening the project. An allocation of 1.75 million POZ digital assets, which is about 35% of the total amount, will be the benefits of staking for users. The Average Annual Yields (AYY) will serve as the guide for the distribution of these rewards to customers. Only POZ holders who can stake their assets in compatible wallets with the network are eligible customers. As every staking process in blockchain space takes time, the platform will withhold the assets in a public governable multi-sig wallet and ensure its security. Disbursement of rewards will spread through ten years, and the maximum amount of circulated coins each year will be about 175,000.
Sales to Community and Private Entities:
About 15% of the entire amount of the POZ assets, this account for about 0.75 million, is meant for individual and community sales. The Poolz platform will complete the seed auction of 0.24 million POZ (4.8%) at 0.455 USD (mean value) and the individual sale of 0.36 million POZ (7.2%) at one USD. However, for auction sales taking place before listing, the DeFi platform will organize the sales of about 3% of the total quantity, 0.15 million, at 1.6 USD.
Consultants and Development Crew:
This DeFi network recognizes the excellent and dedicated work of its team and allocates about 10% overall amount (500,000) of POZ tokens to them. The distribution of this allocation will occur for six months of equivalent vesting, following a lock-in process one year.
Liquidity Fund:
Poolz platform disburses about 150,000, which is 3% entire amount to generate liquidity that will be used for Uniswap, and after listing, provision also applies to additional.
USEFUL LINKS
Website: https://poolzdefi.com/
Lightpaper: https://docs.poolzdefi.com/whitepaper/litepaper
Whitepaper: https://docs.poolzdefi.com/whitepaper/whitepaper
Telegram: https://t.me/PoolzOfficialCommunity
Twitter: https://twitter.com/Poolz__
Discord: https://discord.gg/RgPjgUY
Medium: https://medium.com/@Poolz
AUTHOR'S DETAILS
Bitcointalk Username: chuksmy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2635666
Proof of Authentication: https://bitcointalk.org/index.php?topic=5280470.msg55329849#msg55329849
Eth Address: 0x6D6Cf199B1Dbf90e0685D00a91eEE8AC8D2375c4