Tokenomics
ABOUT INTERNATIONAL PLATFORM 5 TOKENOMICS
The utility token for the IP5 ecosystem is the Encyclopedia (EYA). The token is backed by its floor price in legal tender.
The token's main prerogative is Accessibility. In fact, users mint Encyclopedias (EYA) directly from the IP5 Platform, always within the logic of IP5 Tokenomics, ensuring accessibility that remains resilient over time.
The inflation rate will be determined based on the number of wallets registered on the platform. Each wallet, which is an indivisible package with the respective SSI and light node, has a fixed maximum limit of tokens it can hold, which means that the maximum circulating supply will be given by this limit multiplied by the total number of wallets. This will properly regulate the supply of tokens in circulation. Obviously, no identity can mint more than this fixed limit throughout its lifetime as an identity on IP5.
IP5 Tokenomics contemplates a stablecoin for each respective jurisdiction; for example, in the case of citizens of the European Community, the stablecoin will be backed by a guaranteed deposit, specifically in Euros.
Finally, there is also a governance token, which is useful for decision-making and the guaranteed transition to a DAO when the blockchain becomes public. The first to hold governance tokens will be the partners,
Floor Price
Backed by legal tender that guarantees the redemption of the token
Accessibility Uncensored
Citizen identity required as a sole requirement
Limited Supply
Directly proportional to the numerical amount of existing wallets
Minteo del Utility Token
EYA tokens can only be mined by users and from the platform.
DISTRIBUTION OF THE SUPPLY UTILITY TOKEN (EYA) OF IP5
A fixed, predetermined amount of tokens will be established that each identity can potentially mint. This amount is the same for all identities. The total circulating supply will be resilient based on the number of individuals in the IP5 community and their own decision to mint new tokens.
The Foundation has the right to mint an additional 10% of the tokens mined by the Community.
The token allocation plan provides for 99.913% for the Community and 0.087% for the Founders.
New paragraph
IP5 GOVERNANCE TOKEN SUPPLY DISTRIBUTION (EYAg)
During the pre-launch and pre-deployment phase of the transition from private to public blockchain, during Phase 2 of the Roadmap in 2025, the first ICO for Governance tokens will be held, offering 60% of the Governance tokens.
Only Partners will be able to participate in this first ICO.
The second and final ICO of the Governance tokens will take place in Phase 3 of the project Roadmap.
In this ICO, in addition to the remaining 40% of the first ICO, partners will have to contribute (monetizing) one-third of their Governance tokens. Thus, in the second ICO, 60% of the Governance tokens will also be offered, of which the Foundation will retain 10% until the final transition to a DAO.
The IP5 Treasury
The IP5 Treasury is composed of various decentralized vaults governed by deterministic smart contracts. No user or partner has a privileged position over another in the control of the IP5 Treasury funds.
Floor Price Vault
Each time a user generates/mints a utility token (EYA), the corresponding portion of legal tender at the token's floor price is deposited into this dedicated Treasury Vault.
There is no governance mechanism for this vault, nor is there any possibility of changing the protocol in the future. The only way to recover the deposited legal tender is by redeeming utility tokens.
De-Fi Lending Vault
Our platform's DeFi Lending Vault represents the cutting edge of decentralized lending solutions.
Designed to empower both borrowers and investors, this Vault offers a secure, transparent, and efficient ecosystem for managing digital assets.
Revenue Vault
Revenue generated from platform fees and services is deposited and accumulated in this dedicated Treasury Vault.
The Community has ways to know (all transactions are transparently recorded on the IP5 Blockchain) and Govern this Vault through direct or indirect voting from the International Platform 5.
Crypto Guardian Vault
The Crypto Guardian Vault represents the ultimate digital asset custody solution, offering a secure and reliable environment for protecting both your crypto assets and your private keys. Maximum security and peace of mind for your digital assets and keys.
This service is designed to mitigate the risks associated with the loss or theft of keys and funds.
