Tokenomics
Last updated
Last updated
$STND tokenomics has two unique differences.Standard Protocol relies heavily on protocol revenue and membership to maintain the system, and $STND is used for circulation. Vested amounts by investors are now gone and tokens were distributed evenly to users with yield farming, making everyone to fully lead its value by buying tokens in the market. This was done due to focusing on the real use case of the protocol, not the token to pump and dump. The supply was distributed through yield farming and necessary liquidity provision to CEXes. Foundation now has about 8%, and it only aims to keep about 20% of total supply to maintain necessary liquidity across CEXes and DEXes.
$STND is not a governance token nor security, making men in dark room who are irrelevant but has huge supply of $STND unavailable to control the whole protocol. $STND acts as a new utility asset to get membership, and make members who are most actively using protocol are eligible shape the future of Standard protocol. This gives more relevance and diligence to improve system than grifters. Standard's Foundation does not even control the system with tokens, and proposes new type of governance where real users who put most value in the system to govern.
Standard in this year November is planning to migrate from Ethereum to Base. There are four reasons on why the token is being migrated.
Adapting to Layer 2 Innovations: The focus is on adapting to the upcoming surge in Layer 2 technologies, as previous contracts restricted minting for bridge contracts. The aim is to follow the OFT model from LayerZero or Chainlink's CCIP.
Base's Advantages for Order Book Development: Base already provides all the necessary tools for a standard on-chain central limit order book to progress. These include AI APIs for Coinbase to manage funds, a roadmap for lower gas fees, and strong support from Jesse Pollak. Currently on the waitlist to experiment with these new technologies.
Attracting Users with $STND Token: The new $STND token will be leveraged to attract users and integrate it with other products, creating a more robust ecosystem within the Base platform.
Concerns About Ethereum's Stagnation: There is disappointment with Vitalik's recent actions, which seem to focus on using Ethereum primarily for cashing out. Innovation on Ethereum appears to have slowed, with many promising projects now building on Base. Operating with $STND on Base is highly efficient due to the low gas fees.
Total Supply: 100 Million Tokens
Circulating Supply: 85,574,950 Tokens
Total Supply: 25 Million Tokens
Circulating Supply: 21.4 Million Tokens
User Swaps via Centralized Exchanges: 21.4 Million Tokens
Foundation: 1.4 Million Tokens
Community Incentives: 200,000 Tokens
Validators: 200,000 Tokens
Protocol Developers: 800,000
Tokens Ecosystem Development: 400,000 Tokens
Investment: 600,000 Tokens
