Token name: PembRock Finance Token Token ticker: PEM Total supply: 160 000 000 PEM Blockchain: NEAR Protocol Contract address: token.pembrock.near
PEM is the native token that helps PembRock Finance to function. It is used:
- To stake within the PembRock Finance ecosystem — with rewards paid out in PEM.
- As a part of our reward mechanism for interacting with our protocol.
- As an additional bonus for those who provide funds to our liquidity pools.
All fees are collected as profit and are distributed among PEM holders who have staked in our protocol!
- Farmers are charged 10% of their yield farming rewards.
- Lenders are charged 10% of their borrowing profit.
- Every time a position is liquidated, 5% of the position’s value is paid as a fee.
According to our roadmap, in March-May 2022, the PEM token will be on sale to private investors before the app’s launch on the mainnet.
DAO Balance for future projects
120-month linear unlock (unlock from April 2023)
9-month linear unlock (depending on the platform)
60-month linear unlock
Long term investors
24-month lockup (linear unlock starts from buying date) 12-month lockup (linear unlock starts after 12 months from the purchase date)
PembRock Labs Incentives
48-month linear unlock (unlocked for development from February 2023)
LP incentivization program
6-month linear unlock
Early PEM contributors & NEAR Ecosystem
Early PEM contributors - 12-month linear unlock (unlock from April 2023) Advisors incentivisation - 12-month linear unlock (unlock from February 2023)
NEAR Ecosystem - 6-month linear unlock (unlock from April 2023)
Initial LP on DEX's
no vesting period