Token Introduction
Interpretation of Token Name
The name "PetToken(PET)" combines "pet" and "token," intuitively reflecting its utility in the pet care ecosystem. The name emphasizes the platform's mission to connect traditional pet services with blockchain innovation. It is easy to understand and resonates with the target audience, greatly appealing to pet enthusiasts and cryptocurrency players.
Token economic model
The economic model design of PetToken aims to ensure the balance and sustainability of the ecosystem.
Total issuance:
1 billion PetTokens, fixed supply to create scarcity.
Distribution Mechanism：
Team and Advisors
7%
Unlock in stages (after 2 years), ensuring long-term commitment
Ecosystem Development
10%
For marketing, partnerships, and platform expansion
Community Rewards
8%
Including staking, airdrops, etc., to incentivize user participation
Reserve
5%
For future development needs or unforeseen expenses
Purpose:
Payment: Used for platform services (such as pet boarding, product purchases) and product transactions, ensuring fast and secure payments.
Staking: Users can stake PetToken to earn rewards and support network security.
Governance: Token holders can vote on platform decisions, such as new features or partnerships.
Donations: Support pet-related initiatives through a transparent donation system recorded on the blockchain.
NFT Integration: Used for minting and trading NFT pet profiles to enhance user engagement.
This model aims to maintain token value through utility and community incentives while attracting early adopters and active participants.
Total Issuance and Distribution Mechanism
The total issuance of PetToken（PET） is 1 billion, adopting the Raydium LaunchLab joint curve distribution mechanism (initial circulation 100%), ensuring fairness and transparency for community participants to attract early investors.
The shares for the team and advisors, community rewards, airdrop incentives, etc., will all be acquired via secondary market buybacks to ensure healthy future expansion and respond to market changes.
To ensure the effective execution of long-term commitments, the buyback shares will be locked after reaching the above distribution mechanism. The lock-up period is expected to last 2 years. After the lock-up period ends, unlocking rules will be decided by community voting to ensure the platform's sustainable development and maintain token market value stability.
In the future, we will announce the relevant address to accept community supervision and work together to promote the orderly growth of the platform.
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