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:
36% is dedicated to community incentives. This includes mechanisms like token mining, yield boosting, staking, and more. By rewarding our community, we’re fostering active participation and ensuring steady liquidity, which will drive both platform and token growth.
25% of the tokens are reserved for investors. This portion is critical as it provides us with the resources necessary to further develop the platform and grow our Total Value Locked (TVL).
20% is allocated to the team. Our team plays a crucial role in ensuring the platform’s success, from developing new features to maintaining overall performance.
10% of the tokens will be kept in treasury, which allows for future growth opportunities. This reserve may be used for further fundraising or supporting loans and liquidity solutions that we plan to introduce later.
3% of the tokens will be used to support the platform's compliance with global regulations and improve corporate relations – they are allocated to platform partners, including legal advisors, PR teams and other project supporters.
6% is for liquidity pools and market-making, ensuring that there is sufficient liquidity to support smooth trading and reduce volatility.
What’s next for PARK Token?
The next phase includes the public token sale, followed by listing the token to drive liquidity.
Future plans involve integrating blockchain technology for financial transparency and we are currently launching PARK Lounge – a loyalty program where users can earn rewards for participating in marketing activities.