$PRIZE

$PRIZE is the social currency for standard ecosystem's prize on each season. $PRIZE is exchanged with prize on each season given by Standard pro-rata to one's balance over its total supply. Prize can vary and is unexpected, but if Standard earns revenue through fees like Uniswap for $1 Billion dollar per year, $~400 million dollar maximum may be given out to $PRIZE token holders.

Earning $PRIZE

$PRIZE is earned from farming through interaction in the app.

• Farming with $STNDPoint by depositing in staking pool

• Promotor quest rewards

• $STNDPoint shop after each season

• Buying on Standard exchange

Using $PRIZE

$$\text{(Claimed prize amount)} = \frac{\$PRIZE \text{ balance}}{\$PRIZE\text{ total supply}}*(Total \ prize \ amount)$$

$PRIZE is used for claiming prizes to incentivize users to trade on exchange on each season events.

Equation above shows how many claimed prize can be given depending on $PRIZE balance of a holder.

There can be multiple prize pools on a season. The prize is usually given in stablecoins($USDT, $USDC) or $ETH.