Token Economics

Token Information

  • Token Name: PKF token
  • Token Symbol: PKF
  • Total Supply: 200,000,000

PKF token is an Ethereum's ERC-20 token. In the future, when PolkaFoundry blockchain launches the mainnet, PKF token holders can swap ERC-20 PKF token for native PKF coin at the rate of 1 for 1.

Token Utility

  • Payment for transaction fees (computation & storage)
  • Staking for collators to earn share of block rewards
  • Staking to participate in the on-chain governance process and earn rewards for voting on proposals
  • Payment for PolkaFoundry & partners' services (PolkaID, DocuGuard, etc.)

Token Allocation

Token Allocation

Token Sales

Sale Rounds

Sale Rounds

Usage of Fund Raised

Usage of Fund Raised

Token Release Schedule

Token Release Schedule

Collator Economics

To attract dapp developers and users, PolkaFoundry's transaction fees are cheap, just enough to prevent spamming. Therefore, to ensure collators profitable, most of collators' rewards should come from other sources.

PolkaFoundry blockchain reserves 12% of total supply for Collator Reward Fund (VR Fund). That is 24M PKF.

The VR Fund will be used up after 5 years. In the first 3 years, the entire collator rewards come from this fund. From year 4 onward, PolkaFoundry starts to mint PKF gradually to compensate the collators.

Year No. of
Collators
Monthly
VR Fund
Monthly
Mint
Monthly
Reward/Collator
1 ~ 3 30 480,000 0 16,000 PKF
4 ~ 5 50 280,000 370,000 13,000 PKF
6 onward 100 0 1,000,000 10,000 PKF

In the first 3 years, each collator earns 16,000 PKF as monthly reward. At the PKF price of Public Sale, that is worth 1760 USDT. Monthly collator reward in PKF decreases in later periods. However, as we expect PKF price to increase in the long run, the monthly collator revenue converted to USDT should improve.

All of the collator economics parameters (including the number of collators) are subject to PolkaFoundry on-chain governance process. As a result, PolkaFoundry blockchain can alter itself to adapt to the changing economic environment.