Drops Token Economics
Last updated
Last updated
Contract: 0xa562912e1328eea987e04c2650efb5703757850c
The DROPS Token is the core component of the Drops Marketplace and ecosystem. 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.
Section | Numeric Values |
---|---|
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.
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
1% Liquidity
3% Marketing & Platform