🪙$STREAM Utility Token
Last updated
Last updated
$STREAM is the native token of the protocol.
It is a utility token, used in any product of the Streamable Finance ecosystem.
$STREAM holders receives discounts and benefits for holding the tokens.
Token Holders have different benefits depending on the product they use. For example, they can boost their yield if they hold tokens in Streamable Invest, or they can get discounts for ramping in or ramping out fiat from the es-Currencies platform.
Utility:
The $STREAM token supply is one billion (1,000,000,000) tokens to be issued over five years.
8.75%: Liquidity provider rewards. Continuously minted over five years with a progressively decreasing rate (Liquidity pools, Stream Liquidity, Native es-Currencies LP rewards)
9.7%: team/development fund
15%: community incentives
10%: partnership incentives: airdrops, partnerships, grants
5%: development
5%: marketing
0.3%: bootstrap pool
1%: seed round
15%: private sale
5%: Treasury
25.25%: Other networks - to be allocated
STREAM pools 4.75%
Native es-Currencies LP 1.5%
Other pools 2.5%
Rewards for es-Currencies pools are distributed based on the overall TVL of the es-Currencies pools, therefore the APYs of these pools are identical.
The liquidity provider rewards will be as follows:
40% of STREAM supply as rewards within year one
15% of STREAM supply as rewards in year two
10% of STREAM supply as rewards in year three
Remaining rewards: Each month: 2% of the remaining supply
The DEX has been deployed in BSC with these initial pools:
We will be distributing 25% of the Liquidity Provider Rewards on BSC.
The remaining 75% will be distributed in other networks.
The initial total supply on BSC is 747.5M tokens (LP, Team, Community Incentives, Partnership tokens, Development, Marketing/BD, Private Sale, Bootstrap Pool).
The remaining token to be allocated in other networks are 252.5M STREAM tokens.
When the system will be deployed on other networks, the STREAM token will be bridgeable.
Current BSC supply can be seen here:
https://bscscan.com/address/0xa2741bec3115a4cc43bbccdc351e21df4c6c0e31
Current vesting can be seen here:
https://app.unvest.io/projects/56/0xa2741bec3115a4cc43bbccdc351e21df4c6c0e31/locks
$STREAM stakers share collected platform fees (swap and unstaking penalty fees).
$STREAM holders get fee discounts in products utilising Streamable Finance streaming protocol (boosted yield in Streamable Invest, reduced swapping and minting fees).
$STREAM is paid as a cashback token for purchases or transactions, allowing users to buy products and services at discounted rates within the streaming economy.
