Tokenomics
Last updated
Last updated
First of all, it is important to know that PUNK has no sale or buy tax at all.
The tokenomics on different chains may differ to take into account differnt block times, trading pairs and volumes. You can find the current tokenomics for each chain that PunkSwap is active on here:
On Shibarium PUNK started after a public presale of 11 million PUNK which sold out in under an hour.
90% of the proceeds of that presale was used for liquidity in the pair PUNK-BONE.
For the presale and the initial liquidity, a premint of 20 million PUNK was done upon token creation. After the launch, the ownership of the PUNK contract was transferred to the master chef contract which is the only contract that has the privilege to mint new PUNK according to the tokenomics shown above.
Each block (every 5 seconds) up to 14 PUNK are being minted. About 15% is directed to the single token pools. About 30% is directed towards the farms. 5% is sent to the developer wallet and a whopping 50% of the created PUNK is burnt by sending it to the 0x0...dead address. These tokens can therefore never be sold.
PUNK has a total max supply of 550 million tokens including the tokens which were burnt.
Please note that the volume on Shibarium is relatively low and therefore, we have reduced the PUNK emission to about 4.4 PUNK per block instead of emitting 14 PUNK per block.
