Tokenomics
We proudly count with our NFT Collection: Friendy Horses, & Our Governance token: Swapy
Characteristics
We have applied the following principles:
All tokens are created on day one. No more tokens will ever be issued and so the token starts from a position of zero inflation.
The project itself charges fees in NEAR, USDC, and other tokens, and pays out the gains to token holders. This creates value flow back to the token holders in high value tokens, an upward pressure on token price.
There are 2 tokens, SWAPY token special for liquidity and FRIENDLY HORSES NFT special for community governance. Fees flow to the DAO to provide all the funding necessary to support the maitenance of the project, support community activities and further development.
General Information
SWAPY is a Governance token that also rewards its holders with a protocol revenue sharing model.
Token name: Swapy
Ticker: SWPY
Fungible Token Contract: TBD
Fungible Token Standard: NEP-141
Fixed Supply: 21,000,000
IDO: TBD
Friendly Horses are non-fungible tokens with the purpose to giving voting power and also rewards its holders with a protocol revenue sharing model.
NFT Collection name: Friendly Horses
Smart Contract: friendly.freehorses.near
Fungible Token Standard: NEP-141
Fixed Supply: 3,333
Seconday market: Paras.id
Swapy Token Allocation
Private Fundraising
34%
TBD
Treasury
21%
N/A
Core Team Incentives
15%
4-year linear release
Marketing Fund
10%
4-year linear release
Development Fund
8%
4-year linear release
NFT allocation
5%
Locked
IDO
3%
TBD
Early Users Airdrop
2%
TBD
Future Airdrops(s)
1%
TBD
Strategic Airdrop
1%
Q4 2022
Swapy Utility
Earning protocol revenue: Users who stake Swapy tokens to earn fees generated by the protocol
Governance (Under Development): Users who stake Swapy to participate in the governance and vote on key proposals
NFT Utility
Building a Community is key for web3 services. The holders of the Friendly Horses are granted with 10x more voting weight in the DAO structure.
Earning protocol revenue: Users who stake their Friendly Horses to earn fees generated by the protocol
Governance (Under Development): Users who stake their Friendly Horses to participate in the governance and vote on key proposals
Governance
The voting power is distributed between NFT holders and Swapy holders as follows:
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