Tokenomics

Distribution & Incentives

Token Overview

  • Primary Token: $GLQ

  • Pre-Token: $pGLQ

Our platform features $GLQ as the main token, with $pGLQ serving as a pre-token. Users can farm $GLQ through $pGLQ.

Total Supply

  • The total supply of $GLQ is capped at 1,000,000 tokens.

  • GLQ's role will be to distribute the platform's revenue to token stakers, in line with Hyperliquid's vision.

Referral Program

  • A minimum of 20% of the total supply (200,000 $GLQ) is allocated as incentives for Referral Program to bootstrap activity on the platform.

Liquidity Incentives

  • A minimum of 40% of the total supply (400,000 $GLQ) is allocated as incentives for Liquidity Providers to bootstrap liquidity on the platform in form of $pGLQ.

  • These incentives will be distributed over the next four months, with 100,000 $pGLQ allocated per month across various liquidity pairs available on the platform.

  • Gliquid team retains discretion to adjust the distribution across pairs to maximize platform efficiency and may modify the campaign duration as needed. However, the percentage of tokens allocated to this campaign will not be reduced below 40% of the total supply.

Distribution Mechanism (pGLQ)

  • $pGLQ is a non-transferable token that can only be claimed as a reward from our platform’s farming pools.

  • The greater the liquidity and the narrower the CL position, more rewards will accumulate.

  • Users can track their positions and rewards on the platform’s leaderboard.

APR Calculation

  • The base price for APR calculations is set at $2 per $pGLQ, establishing a Fully Diluted Valuation (FDV) of $2 million for these calculations.

  • Gliquid team may adjust the FDV at TGE (launch) to optimize platform success.

Future Allocation

  • The remaining 40% of the total supply will be defined as the project evolves. Further details regarding its use-case and allocation will be published progressively.

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