What is the PARK Token?
The PARK token is an integral part of the EarnPark ecosystem, designed to empower users by offering early access to investment opportunities, boosting liquidity, and providing governance participation.
Why did we decide to launch the PARK Token?
We created the PARK token to address common challenges in the crypto space, such as lack of transparency and the disadvantages retail users face in ICOs.
By offering early access to all participants, the PARK token ensures that users benefit from the platform's growth right from the start.
Key features and utility of PARK Token:
Boosting Liquidity: PARK token helps grow EarnPark by enhancing liquidity through token mining and attracting new users.
Fee Savings: Users can save up to 30% on fees by using PARK tokens.
Governance Participation: Token holders can influence key decisions, allowing them to actively shape the future of EarnPark.
Early Access: Token holders gain exclusive access to high-yield strategies and innovative features before they’re available to the public.
Tokenomics overview:
Total Supply: 1B PARK tokens.
Key Allocations:
Investors — 21.76% (215,000,000 tokens). Tokens will be distributed across multiple tiers of token sales:
Seed: 90M token amount, 7.5% initial unlock, initial unlock week: 12, 84 weeks vesting;
Tier 1: 62.5M tokens, 12.5% initial unlock, initial unlock week: 8, 24 weeks vesting;
Tier 2: 10M tokens, 12.5% initial unlock, initial unlock week: 8, 24 weeks vesting;
Tier 3: 58.5M tokens, 12.5% initial unlock, initial unlock week: 5, 24 weeks vesting;
Tier 4: 21.32M tokens, 15% initial unlock, initial unlock week: 3, 20 weeks vesting;
Tier 5: 15M tokens, 15% initial unlock, initial unlock week: 2, 20 weeks vesting;
Tier 6: 32.68M tokens, 17% initial unlock, initial unlock week: 1, 20 weeks vesting;
Community — 40% (400,000,000 tokens). Allocated for marketing, rewards, liquidity incentives, and staking programs, this portion encourages new user growth and active participation within the ecosystem:
Marketing: 50M token amount, 0% initial unlock, vesting start week 30, 48 weeks vesting;
Incentives: 290M token amount, 5% initial unlock, initial unlock week: 25, 144 weeks vesting;
Staking: 50M token amount, 5% initial unlock, initial unlock week: 13, 96 weeks vesting;
Core Contributors — 22% (220,000,000 tokens). Reserved for the founding team, contributors, and advisors, including strategic initiatives to ensure long-term commitment and platform growth:
Ecosystem fund: 200M token amount, 0% initial unlock, vesting start week 49, 144 weeks vesting;
Advisory: 20M token amount, 0% initial unlock, vesting start week 49, 96 weeks vesting;
Partnerships — 3% (30,000,000 tokens). 0% initial unlock, vesting start week 25, 48 weeks vesting. Allocated for key partners, advisors, and regulatory support.
Liquidity Pool — 6% (60,000,000 tokens). 100% initial unlock, no lock-up, no vesting. Supports liquidity on exchanges and market-making activities. Treasury — 7.24% (75,000,000 tokens). Terms to be announced. Could be allocated to support liquidity pool, staking initiatives, or buybacks.
What’s next for PARK Token?
The next phase includes the public token sale, followed by listing the token to drive liquidity.