PND (pnd DAO Token)

What is PND?

PND (pnd DAO Token) is a utility token (ERC20) associated with the punodwoɔ Protocol.

Initial supply is 450,000,000, and 550,000,000 will be distributed to users as rewards over the long term.

The distribution speed (amount) can be adjusted through open discussion.

Total supply is 1,000,000,000.

Ticker: PND

Contract address: 0x5fff1443cb859e17e9a6786f7e24c369f22fd002

DEX link: https://www.curve.finance/dex/ethereum/pools/factory-tricrypto-50/deposit/

Allocation

Percentage (%)	Category	Notes
5	Developer Rewards
5	Initial Investors	Airdrop to TXJP holders
5	DEX LP	IAO 1%, Uniswap TXJP pool 1%, Uniswap CJPY pool 1%, Curve 2%
5	Community Treasury	defigeek.eth
5	Initial User Rewards
10	Curve LP Rewards	Annual 2% vesting over 5 years
10	Phase 2 Investors	2-year cliff, release in year 3
55	User Rewards	Long-term distribution as lending incentives

What is vePND?

vePND is a non-transferable token obtained by locking PND.

At maximum 4-year lock, 1 PND = 1 vePND.

At 1-year lock, 1 PND = 0.25 vePND.

It decays over time.

The lock period can be extended to a maximum of 4 years at any time, but cannot be shortened or released.

Uses of vePND

Earning protocol fees

Earning PND rewards

Other expansions planned