Introducing The Basics of PoseiSwap’s Tokenomics
Plus, get info on Poseidon Treasure Chests, our Genesis NFT mining event!
TLDR
- PoseiSwap is a high-performance DEX focused on real-world adoption and launched on Nautilus Chain.
- PoseiSwap’s tokenomics structure incentivizes long-term holding and operates similarly to Curve Finance’s proven system.
- Stake POSE to get POSE Shares, which earn extra POSE, boost LP staking rewards, and give you governance rights.
- Use POSE to open a Poseidon Treasure Chest in our Genesis NFT mining event!
The DEX of the Future Meets the Needs of the Present
PoseiSwap is the first DEX on Nautilus Chain, and like other DEXs it allows users to swap tokens, earn interest, and collect trading fees. But in some ways, it isn’t like other DEXs at all. In fact, PoseiSwap is designed to solve the biggest issue plaguing DEXs today.
The secret to Posei’s abilities is building on Nautilus Chain, a cutting-edge, modular blockchain. By building on Nautilus, Posei gives its users:
- High-throughput and low fees
- Low slippage for efficient trades
- In the future, private trading through ZK
Few other DEXs can match these offerings. Posei prepared decentralized finance to bear the burden of real-world use. And it is all powered by our native token: $POSE
Basics of the $POSE Token
POSE is PoseiSwap’s native utility token.
With POSE, you’ll be able to provide liquidity and pay the gas for swaps with all kinds of tokens. POSE liquidity providers will a portion of the fees generated from each of the pools they contribute to, just like other DEXs.
Besides enabling swaps, POSE tokens will also act as your passport to Posei’s future ecosystem, which will host many different programs, games, and special campaigns such as the Treasure Chest NFTs.
But unlike many DEXs, POSE tokenomics also incentivizes long-term holding of the token. One of POSE’s most important utilities is staking to receive POSE Shares, which are essential to Posie’s tokenomic structure. Here’s how POSE Shares reinforce the token price:
The longer you stake POSE — and the more you stake — the more POSE Shares you will get. With POSE Shares, you receive:
- POSE from the POSE mining pool (25% of the total POSE token supply is reserved for POSE mining rewards for POSE Shares holders. The more shares you have, the more rewards you get!).
- Boosted POSE rewards for LP token staking (25% of the total POSE token supply is reserved for LP mining rewards).
- 1/6th of all trading fees collected on PoseiSwap.
- Governance rights to guide the future of the DEX!
To get POSE, you’ll need to participate in the Initial Exchange Offering. PoseiSwap plans to launch its token on BitForex and Gate.io, and Bounce Finance in Q2 2023.
To purchase POSE Shares, you’ll need to stake $POSE on Nautilus. Once you do, you’ll receive your POSE Shares and start to enjoy all the rewards!
PoseiSwap does things differently than other DEXs, and its initial token distribution is no different. Along with an initial token sale, we’ll be launching a fun NFT mining event for Poseidon Treasure Chests which will give your new POSE instant utility. Let’s dive into the initial token distribution and Genesis NFT mining event below.
Posei’s Genesis NFT Mining Event: Poseidon Treasure Chests
The Poseidon Treasure Chests are a blend of strategy and fate. In this NFT mining event, you’ll be able to use your POSE tokens to buy NFT Treasure Chests that will reveal a NFT that can be staked to earn profit.
In fact, each Poseidon Treasure Chest is guaranteed to earn more tokens than they cost to purchase, earning you between 120% and 200% return plus the possibility of a collection bonus. And there’s always a chance you’ll hit the jackpot and get a 1,000% return!
Each NFT, or Treasure Chest, falls into 1 of 4 categories: Creature, Mythic, Demi-god, god. Each tier will have NFT cards of various rarities, and if you collect them all, you’ll get a collection bonus on top of the return they already earn!
For more information, get a full breakdown of the Poseidon Treasure Chests here.
Initial Distribution of POSE
Total POSE Token Supply: 100,000,000
POSE Token Distribution
- 20% team
- 3% investor
- 7% validator airdrop
- 5% public sale
- 15% ecosystem
- 50% liquidity mining
The initial distribution of POSE will help bootstrap liquidity through community campaigns. 0.5% of the token supply is reserved for the initial exchange offering, another 0.5 to initial investors and 0.5% for liquidity pools. In total, 1.6% of POSE’s 100 million total token supply will be distributed in the IEO.
Initial Distribution
- ~0.1% airdrop to validators
- 0.5% IDO initial release
- 0.5% investor initial release
- ~0.5% liquidity pool
About PoseiSwap
PoseiSwap is dedicated to bringing decentralized finance to the real world. By building on Nautilus Chain, PoseiSwap offers users a high throughput DEX with low fees and lower slippage. Beyond that, PoseiSwap will also use Nautilus zk-tech in the future to give users privacy and make Posei suitable for tokenized real-world items and assets.
Learn more about PoseiSwap and join the conversation online!
