🎄Initial Token Distribution

pRIDE Partner Protocol Airdrop

15% of the initial supply was dedicated as an airdrop to protocols that demonstrate their willingness to engage with our liquidity layer. When evaluating the available protocols, we examined a wide range of factors, such as committed TVL, trade volumes, and product.

10% of the initial supply was dedicated to a specific fund that will be used to support a wide range of projects that aim to accelerate the growth of RIDE. These grants can go towards incentivizing lockups, LPs, and shortlisted projects to receive significant backing from the core team (smart contract development, marketing, business development, etc).

30% of the initial supply has been allocated to 2 separate airdrops before the launch of RIDE. Both airdrops were geared towards giving loyal participants a starting position in RIDE .

20% of the initial supply has been distributed to the team to engage them in the long term success of RIDE. The team allocation is balanced between pRIDE (12%) and $RIDE (8%) vested tokens.

The core team members will have their interests align with RIDE by receiving a percentage of the initial supply in the form of voted escrow tokens. This allocation allows team members to participate in the upside of the protocol while having a long-term oriented position.

First, core team members will vote for core pair gauges at RIDE's inception in order to achieve the goal of deep liquidity and extremely low slippage for high volume pairs that are not backed by bribing entities. These will include $PLS, $BTC, $ETH and $RIDE denominated pairs. Second, this initial allocation ensures that the core team has enough initial control over the protocol to achieve the original vision of RIDE. The fact that pRIDE mechanics include only a partial rebase capped at 15%, will ensure a dynamic supply distribution and balance the team's initial dominance.

To add an extra degree of protection and prevent team members from behaving maliciously, the initial pRIDE team allocation will be kept under RIDE’s multisig. Additionally, since the pRIDE holders are entitled to the protocol revenue through bribes and fees, we choose to balance the team allocation with vested $RIDE tokens. Thus, we encourage a fair distribution of revenue among the stakeholders.

Team allocation balance between $RIDEand pRIDE:

• 60% as pRIDE locked for 2 years

• 40% as $RIDE vested 1 year linearly

10% of the initial supply is allocated to pNFT sale, paid for in $PLSX. The proceeds of this sale will be used towards bluechips to feed initial native $RIDE liquidity pools, and other tasks necessary to begin RIDE operations.

5% of the initial supply is to be been paired with $PLSX, $PLS, and a number of other blue chip and stablecoin tokens to provide enough liquidity at launch.