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  • ​Distribution
  • ​Emissions
  • ​Vesting
  1. Tokenomics

Tokenomics

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Last updated 5 days ago

The original tokenomics document can be found .

STRIKE Utility

The Strike Token (STRIKE) offers a range of utilities within the Strike Finance ecosystem, making it a vital component for users. The key utilities of STRIKE include:

  1. Collateral: STRIKE can be used as an additional form of collateral in our forwards and perpetual futures contracts. Using STRIKE as additional collateral offers benefits such as discounted fees and access to higher leverage in perpetual futures contracts. In the event of liquidation, any STRIKE used as collateral will be burned.

  2. Staking: STRIKE holders can stake their tokens and earn a percentage of protocol fees.

  3. Governance: STRIKE holders can participate in the protocol’s governance, voting on important decisions such as upgrades, new feature implementations, and changes to fee structures.

  4. Trading Fees: Holders of STRIKE will have discounted trading fees for using the platform. The discounted fee for STRIKE holders can be stacked on top of the discounted fee when using STRIKE as additional collateral.

​Distribution

STRIKE is the platform token for the Strike Finance protocol. There are a total of 25 million (25,000,000) STRIKE tokens. The allocation for STRIKE is detailed below from largest to smallest:

  • Public Sale: 60% (15,000,000 tokens)

  • Team and Advisors: 15% (3,750,000 tokens)

  • Liquidity: 12% (3,000,000 tokens)

  • DAO: 13% (3,250,000 tokens)

The total public allocation is 85%, with 15% for team and advisors.

The distribution is as follows:

Tokenomics Chart

​Emissions

Emissions will be simple and concise. There will be 72% of tokens initially in circulation (public + liquidity). The additional 15% from team allocation will be fully unlocked after 30 months (full details below) for a circulating supply of 87%, and the final 13% (DAO treasury) will be decided by community members at a later time.

​Vesting

DAO vesting will be entirely up to the voting of STRIKE holders. This can be used for anything the community sees fit such as incentives, initiatives, funding future development, etc.

Team vesting is simple. Starting from the token generation event, there is a 6 month period where there are no unlocked tokens. After that, tokens will unlock linearly monthly over the span of 24 months (2 years).

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