The Tokenomics.
Two Token Model
Last updated
Two Token Model
Last updated
Epoch Island has a two token model: EPOCH + vEPOCH
EPOCH is used to fund economic development.
Revenue generated from development is used to buy or back EPOCH.
vEPOCH holders earn EPOCH for helping increase economic activity.
The native currency of Epoch Island is EPOCH. At time of launch:
100% of all tokens were in circulating supply.
100% bootstrapped. Never raised any capital.
0 tokens reserved for any "team" or DAO treasury.
A true community-owned and fair launch project.
vEPOCH is a non-transferrable voting token of the Epoch Island.
Influence: Voting power on governance and treasury management
Rewards: Any time Island revenue is distributed, vEPOCH holders earn EPOCH
Trading Fees: vEPOCH holders earn LP trading fees (currently 2.5% per swap)
If you have 1% of all vEPOCH, you have 1% voting power of the city and receive 1% of any EPOCH distributed to holders.
How to Mint vEPOCH
vEPOCH is minted by combining ETH with EPOCH and locking it.
Go to Epoch Island Dapp
Pair EPOCH with ETH (80% EPOCH + 20% ETH)
Lock your EPOCH LP token for any amount of time (1 hour min + 1 year hour max)
Instantly mint vEPOCH
Unlocking vEPOCH
One of the primary features of vEPOCH compared to other veToken Models is you can unlock your vEPOCH at any time with zero fee on your LP.
If you want to unlock early, you simply need to return any EPOCH rewards you earned.
Example: You locked 10 EPOCH LP for 1 year and have generated 100,000 EPOCH rewards. If you want to unlock your vEPOCH back to LP before the year ends, you will need to return your 100,000 EPOCH.
Loyalty Rewards
Each time someone unlocks their vEPOCH token early, all the EPOCH rewards they pay back are redistributed to active vEPOCH holders relative to their holdings.
Example: You own 1% of all vEPOCH. Someone exits their position early and must return 100,000 EPOCH. You would instantly receive 1,000 EPOCH rewards.
vEPOCH Balances
Epoch uses Balancer's weighted pools to host liquidity.
The LP token is composed of 80% EPOCH and 20% ETH and currently earning 5% trading fees.
The vEPOCH holders can vote to change the trading fee percentage.
