Odaily Planet Daily News According to official news, the Web3 AI social infrastructure platform Pop Social announced the economic model and the total supply of PPT is 200 million. in:
-60 million coins will be used for foundation reserves. The purpose of the foundation reserve will be determined by the community and team through governance voting and will be used for market operations, marketing and partnerships. Funds will also be allocated for LP operations, providing liquidity and reducing volatility;
-10 million will be used in strategic rounds to fund development operations, community incentives, partnerships, research and development. Similarly, 30 million will be used for the development team. The development team will retain 15% of the tokens to reward early contributors and founders to Pop. These tokens will help the team improve the protocol together with the entire Pop community. The tokens will be locked for the first six months and then gradually released over 36 months;
-4 million coins will be reserved for advisors to reward advisors who help Pop build strategic partnerships, fundraising, and creator relationships with the Pop ecosystem;
-6 million are strictly reserved for airdrops to reward early users and provide flexibility for project operations;
-Pop Treasury will receive 4,594,286 tokens. The Pop Treasury is the self-sustaining foundation of the social economy of the Pop platform, which collects all platform fees, revenue and token consumption, and then issues more tokens after the initial token issuance period.
-The remaining PPT supply is distributed as follows: Launchpads/IDO (5,405,714 pieces), for market making (10 million pieces).
According to previous news, Pop Social completed US$4 million in seed and strategic round financing, with participation from Chainlink and others.