Drops Token Economics
Last updated
Last updated
The DROPS Token is the core component of the . It is the primary currency used within the platform to buy, sell and trade liquidity. It also allows for earnings to occur via multiple outlets.
Total & Fixed Supply
10,000,000 DROPS (10 Million)
Trading Fees
5% (Tax on Buys & Sells)
Transfer Tax
0% (No Transfer Tax)
1% Platform Earnings:
This 1% Fee is considered as platform earnings, and is distributed in accordance with the Distribution of Earnings section of this documentation.
1% Liquidity Provision:
In order to increase liquidity strength, a 1% fee is taken on buy & sell transactions and added to the DROPS Token core liquidity pool. This minimizes price impact on trades, creating sustainability within the token and facilitating its use within the Marketplace.
3% Marketing & Platform Development:
In order to further both the visibility and operability of the platform, a 3% fee is taken on all buy & sell transactions. Funds collected as a result of this fee are used for a variety of purposes, which include, but are not limited to, promotional endeavours (namely via social media outlets), advertisements, listings on recognized sites & platforms and costs associated with platform expansions.
86% Uniswap V2 Liquidity:
86% of the total supply is added to the Uniswap Liquidity Pool at launch. This supply will be publicly available for purchase directly on the market.
14% DROPS Reserves:
The remaining 14% of supply will be reserved for endeavors associated with the expansion of the DROPS Marketplace and Token. These endeavors include, but are not limited to, marketing and promotional activities, yield & reward increases and encouragement of marketplace engagement.
1% Platform Earnings
1% Liquidity
3% Marketing & Platform