Pendulum Native Token
PEN utilities include powering transactions as the gas token on Pendulum as well as governance and staking.
Tokenomics Overview
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Ticker
PEN
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Relay Chain
Polkadot
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Supply Structure
Inflationary, through staking and vault operator rewards
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Total Supply
210,000,000
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Initial Circulating Supply
10,000,000
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Supply at Genesis
160,000,000
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Consensus
Limited Delegator Proof of Stake
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Token Usage
Gas,Staking and Governance
Token allocation - Overall (%)
The distribution maintains a balance between Pendulum’s early supporters and the Pendulum community with an even 50/50 split.
Token Allocation - Community (%)
The chart below shows the percentage that each community bucket takes up from the community bucket that takes up 50% of the total PEN total allocation. The community distribution includes staking rewards for directly staking PEN (28%) as well as staking rewards related to Spacewalk bridge (12%). The Crowdloan #35 was won by Pendulum
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Token Allocation - Backers (%)
The below chart shows the distribution of tokens to Pendulum’s early backers that have supported the building of Pendulum and Amplitude for over 1 year now.
The percentages in the Community and Backers charts should be halved to find the percentage of the overall tokenomics. For example, Staking Rewards is 14% of the overall tokenomics and 28% of the Community bucket
Vesting Schedule
Below is the vesting schedule for all community and backer tokens. Most of the tokens include a vesting schedule that unlocks linearly over 2 to 3 years to ensure all participants are incentivized to work towards Pendulum’s long-term growth.
Allocation
Distribution (%)
TGE Unlock (%)
Vesting (months)
Cliff (months)
Private Presale
20
2.0
24
-
Polkadot Parachain
3
0.3
22
-
Crowdloan
10
-
-
-
Strategic Presale
-
10
24
-
Exchange Listing
13
-
-
-
Treasury
5
3.9
60
-
Marketing
20
.5
36
-
Rewards
5
-
Perpetual
-
Crowdloan Reserve
4
0
22
-
Liquidity
20
0
24
-
Team/Advisors
1
0
18-36
6-12
Token Utility
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Essential network fees
Transaction fees are an integral part of the network, and are applicable to every transaction on the protocol.
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Rewarding collators
Token holders can delegate their tokens to collators and earn rewards as they do so. This is done as to incentivize external collators to perform.
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Community governance
Pendulum's on-chain governance lets the community vote, discuss, and propose changes. Key areas include asset listings, reward distributions, and network parameters.
Asset Listing
for adding and removing tokens from the DEX
Rewards
and their distribution
Parameters
related to technical, software configurations, fees, etc.