📝Tokenomics
$ANGEL is the platform token of Fallen Angels.
Symbol: ANGEL
Token address on Solana: 7TSMDTH15FddZfZHX1pPuDynM3N62BCHbHtLvRNvmSmL
ERC20 token address: 0x7DDc0692c2a5B2686E40Dfb4F8bF96B5343c52f2
There will be a total supply of 1,000,000,000 $ANGEL tokens. The breakdown of the tokenomics is below. When constructing our tokenomics we wanted to make sure to reward the existing Solana NFT community but to also make sure to create a community that can be sustainable in the future. Where holders of our token can participate and benefit from the marketplace we are creating.
Fallen Angels Tokenomics
Users who buy and sell NFTs on the Fallen Angels platform will earn $ANGEL tokens. We plan to emit these tokens over a long time horizon to incentive users to continue to make Fallen Angels the most active and liquid NFT marketplace
Airdrop tokens will be sent to users who have previously traded Solana NFTs in the past. For more information on this airdrop please see the Airdrop Mechanics section. The initial airdrop will help seed the community with governance tokens that they can then use to vote on important decisions for the Fallen Angels marketplace.
DAO / Treasury + Ecosystem Grants: 25%
Contract address: HM1uC7mmbpAar9UKbrYUQufn7T3nHVurYKag76yi6vCM
The DAO and treasury will be seeded with a portion of the overall token supply and will be used at the discretion of the holders of $ANGEL. Use cases can include ecosystem grants to artists or marketing events for the community.
Team Tokens: 10%
Contract address: AwDyLqaZztLstzYPWhSECteA8ie41ik4HMwkeTZHHX1g
Team tokens will be distributed on a long term lockup to keep everyone incentivized to build for the long term future of Fallen Angels.
Staking rewards will be distributed to users who stake $ANGEL.
Liquidity management tokens will be used to provide liquidity to users on DEXs. Namely we plan on initially seeding LPs on Uniswap and SushiSwap for $ANGEL / ETH & $ANGEL / USDT
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