Attributes and Issuance

$POLN performs two principal functions: utility and governance.

Attributes

Property

Value

Name

PoLN’s token

Symbol

POLN

Type

ERC20

Decimals

18

Subunits

Max supply

200,000,000.00

Fixed supply

true

Pre-minted

true

Builder’s vesting schedule

Locked / 2 years + Progressive vesting / 3 years

Issuance

$POLN - pronounced pollen - tokens are pre-minted.

It means that all the tokens that will ever exist have been created at one time - specifically, at the launch of the token.

This may contrast with other models like mining or staking where new tokens can be created over time but having $POLN tokens pre-minted has several advantages:

Fixed Supply: Since all tokens are pre-minted, the total supply is fixed. This introduces a high level of confidence in the protocol's security, with the capped maximum supply ensuring that no additional tokens will ever be minted in the future, even in the event of a protocol exploit.
Predictability and Transparency: A pre-minted supply allows for more predictability and transparency, which are vital in fostering trust within the community. Users, investors, and participants can have clear information about the tokenomics, which can contribute to the stability of the token value.
Distribution Control: Having all tokens available from the start facilitates the distribution of tokens according to the planned allocation. This allows for a strategic distribution to various stakeholders such as initiators, agents, contractors, and mentors, aligning incentives and contributing to the ecosystem’s growth and development.
Utility Assurance: Pre-minted tokens like $POLN ensure a stable and predictable supply, providing users with confidence in the token's consistent utility across the ecosystem. This reliability supports long-term engagement without concerns of fluctuating availability.
Efficiency and Cost-Effectiveness: Since the tokens are already created, there is no need for the energy and computational power that ongoing issuance models like mining require. This makes the PoLN protocol more environmentally friendly and cost-effective.
Community Focus: With pre-minted tokens, the emphasis can be more on community growth, project development, and achieving the core objectives of PoLN, rather than on the continuous creation of new tokens.

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Last updated 6 months ago

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Issuance

$POLN - pronounced pollen - tokens are pre-minted.

It means that all the tokens that will ever exist have been created at one time - specifically, at the launch of the token.

This may contrast with other models like mining or staking where new tokens can be created over time but having $POLN tokens pre-minted has several advantages:

Fixed Supply: Since all tokens are pre-minted, the total supply is fixed. This introduces a high level of confidence in the protocol's security, with the capped maximum supply ensuring that no additional tokens will ever be minted in the future, even in the event of a protocol exploit.

Predictability and Transparency: A pre-minted supply allows for more predictability and transparency, which are vital in fostering trust within the community. Users, investors, and participants can have clear information about the tokenomics, which can contribute to the stability of the token value.

Distribution Control: Having all tokens available from the start facilitates the distribution of tokens according to the planned allocation. This allows for a strategic distribution to various stakeholders such as initiators, agents, contractors, and mentors, aligning incentives and contributing to the ecosystem’s growth and development.

Utility Assurance: Pre-minted tokens like $POLN ensure a stable and predictable supply, providing users with confidence in the token's consistent utility across the ecosystem. This reliability supports long-term engagement without concerns of fluctuating availability.

Efficiency and Cost-Effectiveness: Since the tokens are already created, there is no need for the energy and computational power that ongoing issuance models like mining require. This makes the PoLN protocol more environmentally friendly and cost-effective.

Community Focus: With pre-minted tokens, the emphasis can be more on community growth, project development, and achieving the core objectives of PoLN, rather than on the continuous creation of new tokens.