đTokenomics
In structuring Chaincrib's tokenomics, the team made careful consideration of several factors to ensure sustainability, growth and user engagement.
The Chaincrib ecosystem will be powered by the $CRIB utility token, designed to be the governance token of the Chaincrib Protocol DAO and also in the future will be used to incentivise transactions within the Chaincrib ecosystem, such as priority access to $CRIB token holders and also getting a bonus in $CRIB tokens for every tokenized property unit purchased.
In the nearest future, you can also purchase property units with $CRIB tokens and also use it to pay for fees while purchasing tokenized real estate units.
The $CRIB tokens have a fixed total supply of 100 million tokens, divisible up to 6 decimal places.
Here's a brief rundown of the Chaincrib $CRIB token details:
Blockchain: Base
Token Name: Chaincrib
Ticker: CRIB
Total Supply: 100,000,000
Decimals: 6
$CRIB Token Allocation Breakdown
Ecosystem Growth: 5% (For growth centered initiatives like early ambassadors onboarding, partnerships, community grants, and marketing)
Development Fund: 8% (To fund continuous development of Chaincrib and future operational costs)
Team & Advisors: 12% (This allocation has a 4 year linear vesting schedule to incentivize the founding team and employees of Chaincrib)
Private & Presale Investors: 40% (For early backers, VCs through initial offerings, again with vesting to align long-term interests)
Liquidity: 10% (This allocation is to be used to supply liquidity when listed on a decentralized exchange like Uniswap)
Staking Rewards: 20% (Allocation for Farming rewards, staking incentives, or other user engagement programs).
Marketing: 5% (To promote and raise awareness for Chaincrib)
Chaincrib DAO
We will be implementing a DAO (Decentralized Autonomous Organization) model for $CRIB token holders to vote on key decisions relating to the Chaincrib platform, ensuring a decentralized governance model on Chaincrib operations.
CRIB Token Utility Model
The $CRIB token, integral to the Chaincrib ecosystem, is designed to offer a range of utilities that enhance the experience of users on the platform and contribute to the overall functionality and growth of the system.
The following outlines the key utilities of the $CRIB token:
Priority Access To Chaincrib Real Estate Listings:
Primary Utility: $CRIB tokens holders would have priortized access to new rental properties going live on Chaincrib. Also in the future, you will be able to pay for transaction fees in $CRIB tokens when investing in tokenized real estate on Chaincrib.
Staking Rewards:
Staking: Holders of $CRIB tokens can stake their tokens to earn rewards.
Rewards Mechanism: Rewards are distributed from the allocated staking rewards pool, incentivizing long-term holding and participation in the ecosystem.
Governance Participation:
Voting Rights: $CRIB token holders have the right to participate in governance decisions, including proposing or voting on platform updates, new features, and utilization of the reserve fund.
DAO Structure: The governance model operates as a DAO, ensuring a decentralized decision-making process.
Rental Income Distribution:
Rental Earnings: For properties generating rental income, $CRIB tokens may also be distributed alongside ADA earnings to fractional owners to incentivize growth.
Community Engagement and Rewards:
Community Initiatives: Use of $CRIB tokens for community events, contests, and referral programs.
Rewarding Participation: Active community members and contributors can be rewarded in $CRIB tokens for their engagement and contributions.
Partnership and Integration:
Business Expansion: Use $CRIB tokens to forge partnerships with other platforms and services, expanding the utility and reach of the Chaincrib ecosystem.
The $CRIB token utility model is designed to create a robust and dynamic ecosystem around Chaincrib, driving user engagement, platform growth, and sustainable development of the real estate blockchain market.
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