Hello! I’m Dmitry, a $PHTR token holder and early community member. I’m writing this piece for educational purposes.
This article will focus on the Phuture $PHTR token and its tokenomics.
The $PHTR token plays an important role in the Phuture ecosystem, as a means by which the protocol can enforce governance, reward users, incentivise activity, and provide a medium to raise capital.
$PHTR on CoinGecko
$PHTR on CoinMarketCap
How is $PHTR minted?
PHTR is emitted to active users of the platform ensuring that they accrue more influence in the protocol, whilst non active users get diluted over time.
Also PHTR can be obtained by staking your PHTR tokens.
What About Supply?
The initial maximum supply of the $PHTR token is 100mm.
The token contract has the ability to mint additional tokens in order to allow management to issue more tokens if the initial 100mm supply proves insufficient in self-sustaining the platform through fees alone.
What is the allocation of the $ PHTR token?
What are the functions of $PHTR?
- Governance — Staked PHTR holders can exercise their right to vote on, or propose new ideas to improve the Phuture protocol.
- Staking — Users who stake PHTR receive Enhanced PHTR (ePHTR), a yield generating, governance enabled variant of PHTR.
- Solver Rewards — PHTR is earned by solvers on non-Ethereum chains, performing critical platform functions.
- Solver Bond — A minimum PHTR bond is required in order for solvers to get whitelisted to execute platform functions.
- Liquidity Incentives — Distributed to liquidity providers of PHTR and other Phuture products.
What about Buy-Back and burn/distribute?
All fees generated on the platform are used to buy back PHTR. 15% of this PHTR is burnt and the remaining 85% is redistributed to ongoing initiatives such as ePHTR staking, liquidity mining, index incentives and solver rewards.
Fees:
Minting Fee = 0.2% of minting value
Redemption Fee = 1% of redemption value
Yield Fee = 5% of the interest accrued from yield optimisation
AUM Fee = {Fixed Weight : 0.5% , Market Cap : 1% , Tracked: 1%}
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