Know More About Panther Protocol’s Tokenomics
On November 23, 2021 Panther Protocol public sale was set to launch. In connection with this, the platform is thrilled to share in public the details of its native token, $ZKP. Learn about the $ZKP token, a finite-supply, privacy-preserving governance token representing a right to vote on governance proposals within the Panther DAO.
The $ZKP token will also be used in several instances to support the functionalities of the protocol and provide incentives for balancing the network between its participants.
Panther is the private, scalable infrastructure for the internet of blockchains. An end-to-end protocol that restores privacy in Web3 and DeFi, with a vision to connect all smart contract blockchains via a private metastrate.
Panther is currently building on Ethereum, Polygon, Flare, Near and Avalanche. Panther is developing a robust set of APIs, SDKs and custom integrations to allow builders to provide privacy features within their apps without needing a highly specialized team of cryptographers and privacy tech engineers to do so. We want to foster a private-by-default, decentralized ecosystem that unlocks the value that is currently uncommunicated between blockchains.
Introduction to the $ZKP Tokenomics
Tokenomics is a critical matter in the crypto universe and means different things for different people. While some see them as the inner workings of crypto-economic systems, with all of the parameters and details that make blockchain-based value chains go round, others are more interested in understanding the supply and demand characteristics of a given crypto asset.
KEY METRICS
- Symbol: ZKP
- Token Type: ERC20 Ethereum
- Initial Circulating Supply: 93 Million
- ZKP Total Supply: 1 Billion
$ZKP Allocation
The full details of the token allocations are as follows:
- Public Sale + IDO(s): 5% of the total supply will be sold to the public with varying unlocking schedules, depending on the price paid per $ZKP. More info on this coming up very soon.
- Private Rounds: 15% of the total supply was sold via pre-Seed, Seed and 3 subsequent Private Sale rounds. Through these private funding rounds, Panther has raised 10 million USD.
- Foundation: 15% of the total supply will be reserved for the Foundation between General (8%), Reserves/Liquidity (5%), Education (1.75%) and Bug Bounties (0.25%).
- Protocol Rewards: 45% of the total supply will be reserved by the Panther DAO for Protocol Rewards and Privacy mining incentives.
- Founders, Team and advisors: 20% of the total supply will be issued to the founders, team and advisors, with a linear unlocking over three years. This allows Panther to continue hiring and retaining the best talent in the industry for years to come.
“Our goal with $ZKP is to make it more than just a well-designed governance token: ZKP is also a Utility token for the Panther Protocol ecosystem, adding to its usefulness and driving up the growth in its value through a carefully crafted sustainability loop.”— Panther Team
Panther will fund the Panther DAO and future Panther Improvement Proposals (PIPs) with a small portion of transaction fees decided by $ZKP token holders. Another feature arriving shortly after the MVP stage is $ZKP’s usage for compensating Trust Providers for providing attestations about users.
ABOUT Panther Protocol
Panther is an end-to-end privacy protocol connecting blockchains to restore privacy in Web3 and DeFi while providing financial institutions with a clear path to compliantly participate in digital asset markets.
RESOURCES
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