POL Token
Everything you want to know about POL Tokens and the key timelines
This section is for informative purposes only and should not be considered as investment advice.

Overview

POL is Polysynth’s native protocol token and is issued by Polysynth DAO.
The POL token will be a standard ERC-20 token on Ethereum.
Token Generation Event (TGE): TBD
Be careful with anyone offering POL tokens until TGE. They may be scams.
POL token is a utility and governance token that allows the Polysynth Community to truly own and govern the Polysynth protocol. As such, holders of POL tokens accrue voting rights proportional to their holdings. By enabling shared control, POL aligns incentives between Team, Community, Traders, Investors and Partners of the Polysynth ecosystem.
POL tokenomics is designed to enable robust governance around trading, arbitrage and staking – each designed to drive future growth and decentralization of the Polysynth protocol.
POL token finds its utility in protocol governance (casting a vote or creating a proposal), liquidity mining and staking rewards, trading fee rebates and airdrops.

Token Distribution

A total of 1,000,000,000 POL tokens will be minted.
Their distribution is as shown below:
To achieve our goal of fair and distributed ownership and decentralization of the protocol, we have designed our tokenomics and community program to give everyone in the POL community a fair chance to own POL by contributing to the protocol growth. Community POL tokens are distributed to users who participate in trading, liquidity mining, staking or other network growth initiatives.
Once the whole community tokens are exhausted, a perpetual inflation rate of 2% has been envisioned for the community, ensuring the community continues to have the resources to continue contributing to the protocol.
POLies will have full control over how the community allocation is used.
POL holders are called POLies.

Distribution Table

Lot
Description
Seed Sale
  • 51,400,000 POL Token (5.14%) @ $0.025/token
  • Tokens reserved for seed investors
  • Tokens will have a 1-year lock-up followed by daily vesting over 3 years.
Strategic Sale
  • 38,600,000 POL Token (3.86%)
  • Tokens reserved for market makers, KOLs, exchanges and other strategic partners
  • Tokens will have a 1-year lock-up followed by daily vesting over 3 years.
Private Sale
  • 50,000,000 POL Token (5%)
  • Tokens reserved for growth investors
  • Tokens will have a 1-year lock-up followed by daily vesting over 3 years.
Public Sale
  • 10,000,000 POL Token (1%)
  • Tokens reserved for public sale through launchpad
  • Tokens will have a 3-months lock-up followed by daily vesting over 3 months.
Community
  • 400,000,000 POL Token (40%)
  • Tokens reserved for community rewards such as trading rewards, staking, liquidity mining, airdrops etc.
  • Tokens will have 3 months lock-up followed by daily vesting over 3 months.
Foundation Reserve
  • 100,000,000 POL Token (10%)
  • Tokens reserved for future growth capital rounds, community grants, network growth, partnerships, liquidity provisioning etc.
  • Vesting to be decided at the time of distribution and based on nature of usage.
Founding Team
  • 200,000,000 POL Token (20%)
  • Tokens reserved for the founding team
  • Tokens will have a 1-year cliff followed by daily vesting over 3 years.
Team Performance Incentive
  • 100,000,000 POL Token (10%)
  • Tokens reserved for current and future employees, consultants, and contractors.
  • Tokens will have a 1-year cliff followed by daily vesting over 3 years.
Advisors
  • 50,000,000 POL Token (5%)
  • Tokens reserved for strategic advisors to the protocol.
  • Tokens will have a 1-year cliff followed by daily vesting over 3 years.
The total POL supply is set at 1,000,000,000. The token supply can be inflated via three mechanisms:
  • Community rewards beyond 400,000,000 POL tokens
  • Governance may decide to mint more tokens, which has a very low chance of occurring
  • The Insurance fund and staking pool, both are exhausted in that order and POL are minted to make up the shortfall, which again has a very low chance of occurring

Token Release Schedule

The below chart shows the token release schedule assuming the vesting schedule as given in the distribution table above. Foundation reserve tokens are assumed to be locked up for the 1st year and then vesting linearly over 4 years.
Token Release Schedule
Salient features of Polysynth Tokenomics
  • Time based daily vesting schedule
  • Trading rewards linked to fees and open interest on Polysynth Exchange
  • Staking rewards are linked to daily trading volume and staking streak, incentivizing longer staking for higher APY
  • veTokenomics in pipeline

Key Timelines

  • Seed Sale: August 2021
  • Strategic Sale: December 2021
  • Private Sale: ~February 2022
  • Token Generation Event: TBD
  • Public Sale: TBD
  • Exchange Listing: TBD
Note: Details about the rounds, key timelines et al are indicative in nature and subject to change in the future without prior intimation based on discovering new facts & information or because of factors outside our control such as market sentiments, feature launch timelines, trading volumes, competitive & legal landscape, etc.