đ¤PIKO /esPIKO/vePIKO
Last updated
Last updated
$PIKO is the platform's utility token.
By staking $PIKO, users are rewarded with the governance token, $vePIKO, along with $USDT and $esPIKO rewards. Users can choose to stake their $PIKO tokens for periods ranging from 7 days to 4 years, with the potential to earn $USDT and $esPIKO rewards. Longer staking periods yield higher rewards. $vePIKO isn't a tradable token and it does not exist on liquid markets. Rather, it operates as an account-based point system (PID), reflecting the vesting duration of the wallet's locked $PIKO tokens within the protocol. As tokens near their lock expiry, the $vePIKO balance gradually decreases, promoting long-term staking and a vibrant community. Users can boost their $vePIKO balance by locking more $PIKO tokens and extending the lock end date. It's important to note that $vePIKO is non-transferable, and each account can only have a single lock duration. To stake, simply input the desired $PIKO amount and select the staking duration. The webpage will display the $vePIKO you will receive and the APR.
Governance $PIKO ($vePIKO) functions as the governance token in the Pinnako ecosystem.
Each $vePIKO token carries one vote in governance proposals, enabling users to participate in community decision-making, protocol updates, and more. $vePIKO holders receive two types of rewards: $esPIKO rewards and $USDT rewards. A quarter of the platform's generated fees are distributed to $vePIKO holders as $USDT rewards. Users can claim both types of rewards at any time, but unclaimed rewards are automatically halved after the lock-up expiration. The distribution of rewards is based on the percentage of $vePIKO held by a user compared to the total number of $vePIKO tokens.
$esPIKO tokens can be acquired through various means, including the IDO sale, trading incentives, marketing incentives, referral incentives, and staking rewards.
After a 30-day vesting period, each $esPIKO token is valued at 1 $PIKO. Users can choose to stake their $esPIKO tokens in exchange for $veesPIKO. In terms of voting power and rewards, $veesPIKO carries the same weight as $vePIKO. However, once the $esPIKO locking period has ended, users can unstake and receive their original $esPIKO tokens rather than $PIKO.
$iPIKO represents the team and strategic investor allocation of $PIKO tokens.
It features a 4-year linear vesting period starting from the PIKO liquidity launch date.
