Tokenomics
Last updated
Last updated
Following the adoption of TIP-014: Global Incentives Program, the Farming Rewards Program has been replaced with a new incentives program to more effectively use TAROT emissions in a variety of ways to benefit the Tarot Protocol.
As of May 13, 2022 at 20:30 GMT, the shares allocated to base farm weights and direct pool voting are directed to protocol reserves.
More information on Tarot tokenomics can be found on Medium:
Claimable TAROT tokens with a 4-year distribution use an unlocking curve that reduces the rate of unlocking by 2.4% every ~2 weeks. Claimable TAROT tokens with a 1-year distribution use a faster unlocking curve that reduces the rate of unlocking by 2.4% every ~3.5 days. Initial liquidity is unlocked from the beginning.
The TAROT token launch will be one of the fairest in DeFi, by using a “Liquidity Generation Event.”
Users who deposit FTM into the LGE contract at any time during the LGE will be apportioned a proportional share of the LGE regular allocation (2.95% of the total supply of TAROT) at the end. This allocation is distributed to all users who deposit during the event.
As an additional incentive, users who deposit during the first day of the LGE will be apportioned a proportional share of the LGE bonus allocation (0.25% of the total supply of TAROT tokens). This allocation is distributed to users who deposit within the first day.
Claimable TAROT will be based on share of total deposits at the end of the bonus period, and at the end of the LGE. There is no front-running and being first or last to deposit for either distribution doesn’t matter.
After the LGE ends, 3.2% of the total supply of TAROT will be claimable by users who participate in the event. Full vesting of TAROT claimed through the LGE will occur by August 5, 2022.
The entire FTM proceeds from the LGE, along with 2.5% of the total supply of TAROT, will be used to seed initial liquidity for the FTM-TAROT pair on SpookySwap (69%) and SpiritSwap (31%), the two most popular DEXs on Fantom Opera, making the listing TAROT/FTM exchange rate immediately at least 18% higher than the effective TAROT/FTM exchange rate for participants in the LGE.
The LP tokens received by the LGE contract for making these liquidity pools available will be locked in the LGE contract for a minimum of 180 days, ensuring plenty of early liquidity. After the lockup period ends, the LP tokens will be transferred to the protocol reserves, where the strategy for their usage will be at the discretion of governance.
100,000,000 TAROT
3,200,000 TAROT
2,500,000 TAROT
10 FTM
Tue, 17 Aug 2021 20:00:00 GMT
Fri, 20 Aug 2021 20:00:00 GMT
Wed, 18 Aug 2021 20:00:00 GMT
Minimum 180 days
| Category | Allocation (% of Total Supply) | Number of Tokens | Vesting (Years) |
|---|---|---|---|
Farming Rewards
59%
59,000,000
4
Protocol Growth
19%
19,000,000
4
Core Team
13.3%
13,300,000
4
LGE Participants
3.2%
3,200,000
1
Early Tarot Users
3%
3,000,000
1
Initial Liquidity
2.5%
2,500,000
0
Total
100%
100,000,000
