PoseiSwap recently announced the launch of its native token, POSE, on Bounce Finance through an Initial DEX Offering (IDO).
Although the exact date of the IDO is still being discussed, this highly anticipated event will undoubtedly change the way you transact on a DEX.
This event will mark the start of many goals on our roadmap, as well as unlock many features in our ecosystem.
A total of 5% of the total POSE token supply will be allocated for public sale, with three tiers of launch:
Tier 1: 0.50% will be unlocked at the Token Generation Event (TGE)
Tier 2: 2.50%—7-to-18 months of linear vesting
Tier 3: 2%—13-to-36 months of linear vesting
The POSE token will primarily have two use cases:
1. Staking
POSE token holders can stake their tokens for as little as 30 minutes and as long as four years in order to obtain a POSE derivative token called sPOSE (staked POSE), which is used for voting and other governance activities.
2. Voting
When the POSE token is staked, it generates sPOSE, which can be used to vote on DAO proposals within the Poseiswap Ecosystem.
Other potential use cases for the POSE token include:
1. Yield Farming
Users will be able to provide liquidity on the platform in exchange for a Liquidity Pool (LP) token once liquidity pools are available on PoseiSwap. These LP tokens can be used to farm for more POSE.
2. Referral Program
The Posei Ecosystem will have a system in place to reward loyal followers who refer their friends to PoseiSwap, with the details to be discussed later.
