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Peaches Token (PCHS)
The Peaches Token (PCHS) is Peaches Protocol's governance token. It must be staked to vote on active polls and will be required as a deposit for making new governance polls.
PCHS is provided as an incentive for users to farm rewards by staking LP tokens - minted by providing liquidity for PCHS and pTokens. Yield is paid to the users from PCHS that are newly grown (minted) in the Master Garden through annual inflation, which gradually increases the total supply of PCHS until the end of 4th year.
Peaches are not only delicious, but also profitable because they enjoy buying and deflationary pressure from protocol fee conversion.
The tokenomics of PCHS can be broken down as follows
- Ticker: PCHS
- Contract address: 0xa4C6984E817c086Ddc3EBAEedBdcc01469586918
- Chain: Ethereum
- Total Supply: 51 500 000 PCHS
- Initial Supply: 5 000 000
- There will be 10 PCHS minted per block for the first 3 month and 5 PCHS tokens minted per block afterwards
Private Sale
- Ticker: PCHS
- Contract address: 0xd488a74EC857f3f2359c027002eB95962b827CA2
- Start: TBA
- Supply: 575 000
- Price: $0.06
Public Sale ILO
- Ticker: PCHS
- Contract address: 0xd488a74EC857f3f2359c027002eB95962b827CA2
- Start: TBA
- Supply: 2 125 000
- Price: $0.08
Uniswap Liquidity
- Ticker: PCHS
- Contract address: TBA
- Start: TBA
- Supply: 1 700 000
- Listing Price: $0.10
Peaches Token Supply
There will be a total of 51 500 000 PCHS to be grown over 4 years. After that Master Garden will stop growing new PCHS and only store them for distribution.
Cumulative Distribution Schedule (in millions)
​
LGE
Y1
Y2
Y3
Y4
Developer Fund
0.6
0
0
0
0
Private Sale
0.575
0
0
0
0
Public Sale (ILO)
2.125
0
0
0
0
Uniswap Liquidity
1.7
0
0
0
0
pToken and PCHS LP staking
0
13.65
10.95
10.45
10.45
Token supply
5
18.65
29.6
40.55
51.5
Annual inflation (%)
-
273%
36.99%
35.30%
25.77%
Total of 5M tokens will be available at Liquidity Generation Event. The distribution of these tokens will be made as below:
- Developer Fund: 12% (600K) tokens will be allocated for the Developer Fund. (400K)will be locked for 4 months in the Team.Finance smart contract and released at a rate of 100k per month will be used for rewards, advertising and marketing, sponsoring new information websites for the ecosystem.
- Strategic sale: 11.5% (575K) tokens will be allocated for Private Sale. Because of the initial investment these tokens are the same as public price for strategic investors who will help with the initial growth of the project. Funds transferred to the developer fund will be used for advertising and marketing, sponsoring new information websites for the ecosystem.
- Public Sale: 42.5% (2.125M) tokens will be allocated for public sale. All funds going to Uniswap liquidity.
- Uniswap Liquidity: 34% (1.7M) At the end of Public Sale will be used for liquidity generation on Uniswap.
Total supply of PCHS tokens will increase for 4 years due to inflation, until the total token supply becomes 51.5M. The distribution structure at the end of year 4 will look like the below:
- Developer Fund: 1.1% (600K) tokens will be allocated for the Developer Fund. (400K)will be locked for 4 months in the Team.Finance smart contract and released at a rate of 100k per month will be used for rewards, advertising and marketing, sponsoring new information websites for the ecosystem.
- Strategic Sale: 1.1% (575K) tokens will be allocated for Private Sale. Because of the initial investment these tokens are the same as public price for strategic investors who will help with the initial growth of the project. Funds transferred to the developer fund will be used for advertising and marketing, sponsoring new information websites for the ecosystem.
- Public Sale: 4.12% (2.125M) tokens will be allocated for public sale.
- Uniswap Liquidity: 3.3% (1.7M) tokens will be allocated for public sale. All funds going to Uniswap liquidity.
- pToken and PCHS LP staking: 90.29% (46.5M) minted over 4 years.
Last modified 9mo ago
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