PREMIA Tokenomics
Everything about PREMIA's token economics.
Overview
The PREMIA token was originally distributed to participants of the fair launch in February 2021. This event was similar in nature to a crowdfund, where participants received their pro-rata share of 10% of the total supply.
As of February 2024, Premia has no big boys backing it - no VCs, no nothing. Alongside rewarding active ecosystem participants, the PREMIA token is meant to ensure the long-term vitality, sustainability, maintenance, and continued development of the protocol.
Currently, the PREMIA token serves multiple purposes which are further expanded upon by locking it and receiving vxPREMIA, a non-transferable representation of stake within the Premia ecosystem. The benefits derived from vxPREMIA scale with the size and duration of the lock.
The following PREMIA token allocations were proposed and passed via parliament vote in 2023, and are as such as of February 2024. All information provided herein is and will continue to be subject to change as per parliament vote and ratification.
PREMIA Allocation
| Group | Percentage of Supply | Total PREMIA |
|---|---|---|
| Liquidity Mining Rewards | 30.00% | 30,000,000 |
| Marketing & Development (DAO) | 11.56% | 11,560,000 |
| Operator Treasury | 11.30% | 11,300,000 |
| Blue Descent (DAO) | 10.00% | 10,000,000 |
| Founding Team | 10.00% | 10,000,000 |
| Fair Launch | 10.00% | 11,560,000 |
| Team / Employees | 9.37% | 9,370,000 |
| Other Circulating | 4.27% | 4,270,000 |
| Partners | 2.00% | 2,000,000 |
| Conditional | 1.50% | 1,500,000 |
| Total | 100% | 100,000,000 |
PREMIA Emissions Schedule
to be updatedPREMIA Governance
Locking PREMIA tokens renders an EOA wallet eligible for Influence. Influence entitles a wallet to participate in various forms of protocol governance, which are more thoroughly specified in the Governance section.
Next
vxPREMIA