Token Distribution

Tokenomics are a critical component of any crypto endeavor. Our team has devoted significant time and effort to devising our tokenomics, and we are thrilled to present them to you. In this article, we will introduce the PSX token and offer an in-depth analysis of the distribution for the PSX token.

The PSX Token

PSX is the core token for the Pulsar Defi protocol. Users on Pulsar can lock it to receive a significant share of our protocol revenue, lock and vote on our gauges to receive bribes, and may find more utility as other protocols are added to Pulsar. Providing PSX liquidity will also receive incentives from the protocol.

PSX will be used to provide yield for users who convert and stake Mantis Swap's MNTS Balancer Pool Tokens, along with any other protocols we decide to aggregate. The general idea is to aggregate as much veMNTS as possible early on. Once we’ve gotten a significant amount, PSDX emissions are lowered and xMNTS becomes sustainable mostly on the fees generated from our protocol.

Distribution Overview

There will be a maximum token supply of 100M PSX tokens. The breakdown of these tokens and their vesting schedules are listed in the graphic above We have also provided a detailed description of each allocation in this article.

Liquidity Mining

The liquidity mining program accounts for 45% of PSX token supply and is made up of three components:

1. xMNTS staking

MNTS Balancer Pool Token conversion is the most important feature of the Pulsar Defi protocol for generating long-term value for PSX. Thus, it is important for us to allocate a substantial portion of our emissions to xMNTS stakers.

2. LP staking

To further enhance Pulsar’s success, we will need to have liquid capital markets in which users can enter and exit positions with ease.

3. Bonus Incentives

From time to time, the protocol may opportunistically offer bonus incentives to try to accumulate more veMNTS, more TVL from LPers, or more of another token.

Liquidity Mining Distribution

The distribution of these emissions will follow a logarithmic function, where the emission rate is higher early on and slows down over time. Incentivizing high yields for our earliest users ensures that Pulsar builds a solid base of HUM at the onset, which will increase the amount of veMNTS we can earn in the long-run. This will result in long-term sustainable value and rewards for users into perpetuity.

A portion of our liquidity mining emissions will be used on an as-needed basis. If we see that our current emission rate is not high enough to be competitive with other protocols or the broader market, we will tap into our bonus emission supply to further incentivize rewards. These rewards can go towards xMNTS stakers, LP stakers or other initiatives based on need.

Public Sale

Pulsar is extremely excited to launch on Polygon zkEVM. The public sale of PSX tokens will raise the liquidity we need for the protocol while giving the earliest access possible to buyers. Public sale tokens will vest for a total of 6 months.

We’ve allocated 20% of our total token supply to the sale. Find more details on the upcoming public sale page.

Team

We’ve allocated 15% of our PSX token supply for the Pulsar team and its future employees to align interests with tokenholders. These tokens will have a 6 month cliff and then vest linearly over the following 24 months.

How to Participate

You’ll be able to participate in the sale on the Polygon zkEVM network utilizing PancakeSwap's own launchpad!

Vector and Athena Allocation

Pulsar is built by the core team from Vector Finance — a DeFi hub and yield aggregator on Avalanche. Since Pulsar would not exist without Vector, we have allocated a portion of the token to VTX holders. 6% of PSX will be vested to VTX lockers. We also hope and anticipate that many users from Vector will be excited to use and deposit tokens on Pulsar, as well as explore other protocols on Polygon zkEVM.

The vest will proceed over a period of 16 months, starting at the launch of Pulsar. Users will receive locked PSX based on the amount of VTX they have locked, during that 16 month period. To measure this we’ll take 16 random snapshots throughout the year. After each Snapshot an amount of locked PSX will be distributed based on the snapshot. The first snapshot will occur very soon after the launch of Pulsar Defi. An additional 1% of the PSX supply has been allocated to Athena Finance's ATH lockers and will be distributed in the same manner as the above.

Community Treasury

7% of our token supply will be allocated to our community treasury. This treasury will be used for various purposes such as bug bounties, marketing, and community engagement. This community treasury will vest linearly over a period of 24 months starting at the public launch. A small portion of this will be available at TGE to support liquidity seeding after the raise.

Strategic Partnerships

We’re building Pulsar to strengthen the Polygon zkEVM ecosystem. To further that goal, we’ve allocated 6% of our token supply for strategic partnerships with other protocols and groups. These partnerships may include a token swap or vested token sale, to further align strategic interests with the parties involved. This allocation will vest linearly over 24 months starting at the public launch.