Tokenomics
In order to allow early backers to participate in the creation, development, and profits from the app, we will have our token, verified by Polygon MATIC explorer: Address to follow.
The token, will be used as a utility token, giving early access to the beta, then the right to participate in governance, and finally to obtain rewards for participating in the development and growth of the LeafPAYS app, and a share in the revenue it makes.
This reward will be made available at least once every quarter, after the app has been launched and become profitable.
The launch phase will have to go through the following token related steps:
Presale
At the end of the presale period, a ledger will be published with all early backer accounts, their contribution, and a report of the amount of our token they will be entitled to.
The initial price will only be determined once the presale closes, and will be equivalent to a % / Total MATIC presale pot.
Token Minting and Liquidity Pool
The total MATIC obtained in the presale will be placed in the liquidity pool at token launch.
For instance, if 100.000 MATIC are received, the minting and initial liquidity pool created will be defined so that the price of the token will be %/100.000 MATIC If you provided 10.000 MATIC of that initial presale, you’ll be entitled to a % of the total token supply.
Liquidity and Staking Rewards
After the initial backers have received their corresponding token shares, we’ll offer rewards for staking and providing liquidity, and we’ll give away small amounts of token in airdrops, or as rewards to influencers, for broadcasting our project.
Development
The development reserve of the token will be used as a payroll complement to initial developers. As you can see, we’ll be needing a lot of help, especially in the front-end, multimedia, and social networking department, and expect our team to grow a lot. With this reserve, we will offer our token to collaborators, as rewards, for extra motivation and gratitude for building the app.
Growth and Expansion
The growth reserve will be used as a flexible reserve, to expand in whichever direction is needed. The team will decide where the reserve is most needed, be it liquidity providers, stackers, collaborators, etc. After the initial phase, once more than 50% of the token is into circulation, we’ll implement a DAO system, so we’ll be community-led; governed by the very holders of our token, and make all relevant decisions by submitting to vote.
Final Product
The final, commercial status of LeafPAYS App and its token, is to be profitable by itself, regardless of token price speculation. The revenue will come from advertising and sponsorship by other DAPPS, mainly exchanges, who will want to provide their links to our portfolio.
Profits will be shared with holders as rewards for their participation in governance and marketing the app.
