Odaily Planet Daily News Web3 social application Phaver released a white paper, including a token economic model and other updates. Its white paper states that the in-app purchase points feature is currently scheduled to be released in the fourth quarter of 2023, and the advertising feature will be launched in 2024. Phaver also plans to launch an NFT series through various in-app utilities.
According to the white paper, the total supply of its tokens is capped at 10 billion, and Phaver also plans to launch a quarterly token destruction plan in the future using revenue from native tokens or other liquid tokens/fiat currencies. The largest share of the token distribution (28%) is for user rewards, which will be distributed over multiple years and may also be subsidized through other liquid tokens from advertising and other revenue streams (subscriptions, native utility NFTs, etc.) ;The second largest share (27.7%) is the ecosystem vault, which can be used to develop and improve applications and is partially distributed to users or burned. The third largest share is team allocation (18%), which includes a 1-year lock-in period and linear unlocking over 4 years. In addition, 18.3% will be used for sales; 2% will be allocated to partners; 3% will be allocated to co-consultants; in addition to the 28% user reward pool, 3% will be reserved to reward early users who join before TGE.
Clement