Tokenomics
ABOUT INTERNATIONAL PLATFORM 5 TOKENOMICS
The Utility Token of the IP5 ecosystem is the Encyclopedia - (EYA). The Token is backed by its floor-price in legal tender.
The main prerogative of the token is Accessibility. In fact, users mint the Encyclopedia - (EYA) directly from the IP5 Platform, always within the logic of IP5 Tokenomics, guaranteeing accessibility that remains resilient over time.
The inflation level will be determined based on the number of wallets registered on the platform. Each wallet, which is an indivisible pack with the respective SSI and light node, has a fixed maximum limit of tokens that it can possess, which implies that the maximum circulating supply will be given by this limit multiplied by the total number of wallets. Thus, the supply of tokens in circulation will be adequately regulated. Obviously, no identity can mint more than that fixed limit amount throughout its life as an identity in IP5.
The IP5 Tokenomics contemplate a stablecoin for each respective jurisdiction, for example in the case of citizens of the European Community, the stable coin will be backed by a guaranteed deposit, in €uros precisely.
Finally, there is also a governance token, functional for decision-making and the transition with guarantees to DAO when the blockchain becomes public. The first to own governance tokens will be the partners,
Floor Price
Backup with legal tender that guarantees the redemption of the token
Uncensored Accessibility
Citizen identity required as a sole requirement
Limited Supply
Directly proportional to the numerical number of existing wallets
Minting of the Utility Token
The EYA tokens can only be minted by the users and from the platform
DISTRIBUTION OF THE SUPPLY UTILITY TOKEN (EYA) OF IP5
There will be a fixed, predetermined amount of tokens that each identity can potentially mint. This amount is the same for any identity. The total circulating supply will be a resilient supply depending on the number of individuals that make up the IP5 community and the decision to mint new tokens.
The Foundation has the right to mint an additional 10% of tokens with respect to the total tokens minted by the Community.
The Token Allocation Plan provides for 99.913% for the Community and 0.087% for the founders.
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IP5 GOVERNANCE TOKEN (EYAg) SUPPLY DISTRIBUTION
During the phase prior to the launch and deployment of the transition from private Blockchain to public Blockchain, during phase 2 of the Roadmap in 2025, the first ICO for Governance tokens will be held in which 60% of the Governance tokens will be offered.
Only Partners can participate in this first ICO.
The second and last ICO of the Governance tokens will be carried out 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) a third of their Governance tokens. In this way, in the second ICO, 60% of the Governance tokens will also be offered, of which the Foundation will keep 10% until the final transition to DAO.
The IP5 Treasury
The IP5 Treasury is made up of different decentralized Vaults governed by deterministic smart contracts. No user or partner has a privileged position over another in the control of IP5 Treasury funds.
Floor Price Vault
Every time a user generates/mints a utility token (EYA), the corresponding part of legal tender at the floor price of the token is deposited in this dedicated Treasury Vault.
There is no Governance mechanism for this vault nor the 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 in 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
The Revenue generated by platform commissions and services is deposited and accumulated in this dedicated Treasury Vault.
The Community has ways of knowing (all transactions are transparently recorded on the IP5 Blockchain) and Governing this Vault through direct or indirect voting from the International Platform 5 Platform.
Crypto Guardian Vault
The Crypto Guardian Vault represents the definitive solution in custody of digital assets, offering a safe and reliable environment for the protection of 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 lost or stolen keys and funds.
