🪙Tokenomics

Overview

The PAD token is at the heart of the StamPad ecosystem and was crafted to fuel the platform's operations and community engagement within the SRC-20 protocol. Below is a structured overview of the tokenomics surrounding PAD, reflecting its distribution, minting structure, and general information.

General Information

• Ticker: PAD

• Token Type: SRC-20

• Total Supply: 1,000,000 PAD

• Circulating Supply: 1,000,000 PAD

• Deployment Date: 17th of January, 2024

Mint Structure

• Mint Type: Public free mint, subject to miner fees

• Initial Token Price: $0.00

• Limit Per Mint: 1,000 PAD

• Total Number of Mints: 1,000

Distribution

Free Public Mint: 100% of the total supply was made available to the public through a free minting process.

Team Participation: Despite the entire supply being allocated for public mint, the team successfully minted 15% of the total supply. This indicates that the wider public community secured the remaining 85%, with the team portion allocated and funded as detailed below:

• Team & Development: 6% to support ongoing development and operational needs.

• Public Airdrops: 2% dedicated to engaging and rewarding the community.

• Marketing & KOLs: 4.5% allocated for marketing efforts and collaborations with Key Opinion Leaders (KOLs).

• Partnerships & Giveaways: 2.5% set aside for promotional activities, partnerships and giveaways.

Team allocation is crucial for the project's success and expansion. This funding enables innovation and enhances platform features, contributing to the forward progression of the StamPad platform.

Additional Notes: The StamPad team participated in the minting process under the same conditions as the public, covering miner fees to ensure fairness and transparency in the token's distribution.