Introducing Zyro Tokenomics

in #blockchain5 months ago (edited)

image.png

In this article, we will introduce the Zyro tokenomics to you. The total supply of Zyro’s native token ZYRO is 300 million and the distribution of the token is as follows. 75% of the total supply will be allocated to mining, with 25% for trading mining, 25% for liquid mining, and 25% for node mining. The team will be given 10% of the total supply. These tokens will be locked for 12 months, followed by a monthly linearly unlock process in the following three years. The Foundation will be allocated 10% of the total supply, an unlocked 3% of which will be used for marketing, ecosystem building, and airdrops, while the remaining 7% will be the Foundation’s reserve fund with a 12-month lock period. After the lock, the reserve fund will be unlocked with a linear process every month in the following three years.

The first round of private token sale for ZYRO will offer 3% of the total supply with a price of 0.1 USDT per token. 10% of these tokens will be unlocked before the first token listing, and the remaining part will be unlocked linearly in the following six months.

The second round of private token sale for ZYRO will offer 2% of the total supply with a price of 0.25 USDT per token. 30% of these tokens will be unlocked after investment and the remaining part will be unlocked linearly within three months following the first exchange listing.

Untitled-2.jpg

Mining rules

ZYRO follows the following mining rules. The handling fee charged for each transaction is 3‰. The trading mining volume will be halved every four years, with 10% for the first 4-year, 5% for the second 4-year, 2.5% for the third 4-year, and so on. Liquid mining volume will also be halved every four years, with 10% for the first 4-year, 5% for the second 4-year, 2.5% for the third 4-year, and so on. Similarly, node mining volume will be halved every four years, with 10% for the first 4-year, 5% for the second 4-year, 2.5% for the third 4-year, and so on. The extra part will be burnt on an annual basis.

Node rules

There are three types of nodes in the Zyro ecosystem: individual nodes (with 10,000 ZYRO in collateral), community nodes (with 100,000 ZYRO in collateral), and partner nodes (with 1,000,000 ZYRO in collateral).

Individual nodes have an APY of 20%. The interests will be paid in 30 days. Individual nodes who have one successful individual node referral will have a 1% increase in APY. An individual node can have three successful referrals and a 3% increase the most. After three successful referrals, an individual node will be upgraded to a community node. Every successful community node referral will bring the referee 2% increase in APY, and the cap for the increase is 4%. Every successful partner node will bring the referee 3% increase in APY with a cap being 3%.

Community nodes have an APY of 30%. The interests will be paid in 60 days. Community nodes who have one successful individual node referral will have a 1% increase in APY. A community node can have three successful referrals and a 3% increase the most. Every successful community node referral will bring the referee 2% increase in APY, and the cap for the increase is 4%. Every successful partner node will bring the referee 3% increase in APY with a cap being 3%.

Partner nodes have an APY of 40%. The interests will be paid in 180 days. Partner nodes who have one successful individual node referral will have a 1% increase in APY. A partner node can have three successful referrals and a 3% increase the most. Every successful community node referral will bring the referee 2% increase in APY, and the cap for the increase is 4%. Every successful partner node will bring the referee 3% increase in APY with a cap being 3%.

Meanwhile, 50% of the transaction fee will be given to the referees, and the remaining 50% will be distributed among partner nodes proportionate to their staking. Transaction fee rewards will be distributed on a monthly basis.

Contact us

Twitter: https://twitter.com/zyro_finance
Telegram: https://t.me/zilliqaplanet
Contract address: https://etherscan.io/address/0x1f6bd8766f8a8AA58F7441C8dd3709aFA3a56202