🍍$PAPPLE & SEEDS
Into the heart of TropicalSwap with $PAPPLE and SEEDS: a refreshing take on tokenomics, blending innovation with a splash of tropical zest.
In the heart of TropicalSwap's lush ecosystem, $PAPPLE blossoms as our primary token, designed for trading and rewarding yield farming experiences. Accompanying $PAPPLE, we introduce SEEDS, an innovative utility token, enhancing our ecosystem's vibrancy with unique mechanics and utilities.
Each time 1 SEEDS token is minted, 1 $PAPPLE gets “frozen” to back the created SEEDS token. Everyone can Convert $PAPPLE into SEEDS at any time, and this process is immediate.
More details on SEEDS are provided in the following paragraphs of this article.
Read on and discover all the details about our dual-token system, and how they interplay to fortify and enrich TropicalSwap.
$PAPPLE Tokenomics and Utilities
With a finite supply cap of 250,000 tokens, $PAPPLE’s tokenomics is designed to foster ecosystem growth while ensuring a deflationary trajectory that enhances its value over time.
A suite of burning mechanisms is strategically implemented to maintain $PAPPLE’s scarcity and elevate its market value:
SEEDS Vesting Malus: Any surplus SEEDS/PAPPLE will be automatically burned, tightening the circulating supply.
Staking Burns: A 1% burn rate applies to SEEDS tokens staked within the Tropical Pools, further reducing the token’s availability.
Launchpad Burns: Portions of funds raised through Launchpads, if directly accumulated in $PAPPLE, are designated for buyback and subsequent burning, contributing to continuous deflationary pressure.
Future Mechanisms: Further burning mechanisms will be implemented, guaranteeing $PAPPLE’s value is continuously uplifted through a deflationary approach.
This comprehensive approach underscores TropicalSwap’s commitment to $PAPPLE’s long-term sustainability and value appreciation, ensuring it remains a cornerstone of the ecosystem’s flourishing economy.
$PAPPLE Tokenomics Allocation
| Destination | Quantity | % Total Supply |
|---|---|---|
Boarding Pass NFT Pool (6 months linearly vested, 100% in SEEDS) | 2,500 $PAPPLE | 1% |
Initial Liquidity Providers Airdrop (1 month cliff, distributed in rounds over 5 months, 100% in SEEDS) | 2,500 $PAPPLE | 1% |
Launchpad (fair launch, 60% in SEEDS and 40% in $PAPPLE) | 1,250 $PAPPLE | 0.5% |
TGE liquidity forming Fund (100% in $PAPPLE) | 1,250 $PAPPLE | 0.5% |
Emergency Fund (100% in $PAPPLE) | 10,000 $PAPPLE | 4% |
Treasury (12 months linearly vested, 100% in $PAPPLE) | 62,500 $PAPPLE | 25% |
Advisors (1 month cliff + 12 months linearly vested, 100% in $PAPPLE) | 2,500 $PAPPLE | 1% |
Team Fund (18 months linearly vested, 100% in $PAPPLE) | 35,000 $PAPPLE | 14% |
Ecosystem Rewards / Swap-to-Earn Program (monthly rounds over 3 years, 100% in SEEDS) | 27,500 $PAPPLE | 11% |
Liquidity Mining (emitted over 3 years, mostly in SEEDS and a little portion in $PAPPLE) | 105,000 $PAPPLE | 42% |
SEEDS: A Unique Utility Token
SEEDS, serving as $PAPPLE escrowed Token, introduces additional utility and value to TropicalSwap’s ecosystem.
Users mint SEEDS by locking $PAPPLE on a 1:1 ratio, effectively “freezing” $PAPPLE to back the newly created SEEDS tokens. This process highlights the seamless conversion from $PAPPLE to SEEDS and introduces a unique redemption mechanism.
Users can convert their SEEDS back into $PAPPLE through a vesting process ranging from 15 days to a maximum of 6 months.
Opting for the minimum vesting period incurs a 50% malus, which will burn the forfeited SEEDS/PAPPLE automatically, while selecting a six-month vesting period allows for a 100% conversion rate, with the malus percentage decreasing proportionally for longer vesting periods.
Utilities and Incentives of SEEDS
SEEDS tokens serve multiple purposes within the TropicalSwap ecosystem:
Real Yield: SEEDS holders will receive 0.05% of earnings from swap fees, directly rewarding them for their participation within the ecosystem.
Incentivized Participation: SEEDS acts as the primary reward token for participating in Farms, offering users various ways to earn and grow their holdings.
Launchpad Allocation: Holding SEEDS is essential for participating in new token allocations through the TropicalSwap Launchpad, tying the utility token directly to the growth and expansion of the ecosystem.
Pools will require staking SEEDS to earn new tokens.
Governance and Community Proposals: In the future, SEEDS holders will have the opportunity to vote on community proposals, integrating a layer of decentralized governance into the platform.
Boosted Farms: Another future utility for SEEDS involves its requirement to activate Boosted Farms, further incentivizing users to hold and utilize SEEDS within the ecosystem.
Through these mechanisms, SEEDS will function as an integral part of TropicalSwap’s and will empower users to actively participate and benefit from the platform’s growth.
Differences between $PAPPLE and SEEDS
PAPPLE and SEEDS represent two distinct facets of TropicalSwap’s ecosystem, each with unique characteristics tailored to their roles.
$PAPPLE, the liquid token that is paired with USDC, operates as a transferable ERC-20 token, with a maximum supply capped at 250,000 tokens, facilitating trade and liquidity within the platform.
In contrast, SEEDS serve as an illiquid token, inherently non-transferable except for specific “Whitelisted addresses” which are used to facilitate its internal circulation within the ecosystem.
The supply of SEEDS directly correlates with the amount of PAPPLE “frozen” in the system, marking a fundamental difference in their circulation and usage.
The $PAPPLE and SEEDS dual-token system introduces a dynamic balance between liquidity and utility, ensuring TropicalSwap's sustainability.
Through strategic tokenomics and innovative utility mechanisms, we ensure our ecosystem's long-term sustainability and growth, inviting users to explore the vibrant opportunities that lie within.
Last updated