Pangolin Token-$SCALE: Tokenomics, Utility, and Beyond

Pangolin Protocol
4 min readSep 14, 2023

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Total Tokens: 40 Million

NFT Vaulting 35% (14,000,000) $scale.vaultfeed

The holders of Pangolin NFTs will have the opportunity to acquire $SCALE through our vaulting system. This 35% is reserved completely to the Pangolin NFTs. Additionally, collaborations will be in place to distribute tokens to partner projects, however, Pangolin NFT will always yield the highest vaulting rewards. Please note there will be no sale for the Pangolin NFTs, they are only earned through vaulting our $SCALE token!

Sale 25% (10,000,000) $scale.vesting

The token is currently being vested over a 10 month period, starting 5/1/2024, ending 2/1/2025.

POP NFT (People of Pangolin) 15% (6,000,000) $scale.vaultfeed

This token will be distributed to POP NFTs. Creating a PFP that not only has utility but long term use-case in our ecosystem! $SCALE will be purchased off the market with 10% of the mint funds overtime, to refuel this vault.

$SCALE Token Vaulting 10%(4,000,000) $scale.vaultfeed

Vaulting a block of 1,000 $SCALE will grant the vaulters (1) share. There will be rewards for locking up $SCALE for longer periods of time. This determines the long-term vaulting incentivization token. $SCALE must be vaulted for the entirety of the vaulting period to qualify for harvest. You may vault multiple shares. These tokens will be distributed over one year at a fixed rate. After that any remaining tokens, and tokens added through our cyclical rewards mechanisms will be reevaluated for future vaulting benefits. More details will be released in our future Rewards & Vaulting medium article.

Drip 6% (2,400,000) $scale.ispo.drip

This token will be used to incentivize participation in the discord. Our platform will require a community to function, best to keep that community active! We will also be utilizing other drip methods, to ensure our holder count is as high as possible. This will be distributed over a 4+ year period.

Marketing 3% (1,200,000) $partner.market

Tokens used to assist in our marketing efforts. Not to be sold by the team, or given to the team!

Partners 3%(1,200,000) $partner.market

For strategic partnerships with established projects. This token will be distributed through our non custodial system over a 2+ year period. The intent is to have a high holder count, not to over distribute our token.

LP 3% (1,200,000)

3% of our entire token will be paired with ADA from the treasury to supply liquidity to common Cardano DEX pools. Please remember our buyback token mechs, and direct utility will be used to constantly be adding to the LP and taking tokens off the market

Core Team 0% (0) $scale.team
We have sacrificed all team tokens. The team has received and will receive no tokens!

Utiliy

Project Minting Costs:

Projects seeking to mint on our platform will vault a negotiated quantity of $SCALE. 50% of vaulted tokens will be released back to mint-client upon milestone completion, 25% will be burned, and the remaining 25% will be returned to the vaulting and “stake pool” rewards programs. Minting service fees will vary based on project requirements. All other services will be rendered in $ADA. 50% of profits from these services will be used for $SCALE buybacks, these tokens will also be added to the reward pools. This is one of our cyclical, deflationary, burn, and reward mechanisms.

Holder Benefits:

  • Profits generated from Pangolin Protocol’s services rendered will be split: 50% to the team and 50% for market token buybacks.
  • Pangolin NFTs — Token vaulting earns one NFT for every 5,000 $SCALE vaulted. Tokens must be vaulted for (4) months within the six months following the vaulting platform release. This benefit can be stacked without limit.
  • Guaranteed Allowlist — Vaulting 5,000+ vaulted tokens are guaranteed pre-mint access to all protocol client mints.
  • Discounted Mints — Vaulting a minimum of 5,000 Pangolin tokens will grant a 10% discount on each NFT minted.

Raffle System/Mint with $SCALE:

NFTs from each client mint will be allocated to our minting and lottery platform. These platforms function solely on $SCALE. Tokens captured from raffles and mints will be returned to our rewards programs.

Long-Term Vaulting Incentives and NFTs!

As detailed in our Tokenomics, 10% of tokens will be distributed to long-term vaulters through the vaulting system, available to all who vault sets of 1,000 $SCALE, and distributed based on shares. Each 1000 $SCALE vaulted equals (1) share.

Token vaulters earn (1) NFT for every 5,000 $SCALE vaulted. Tokens must be vaulted for (4) months within the six months following the vaulting platform release. This benefit can be stacked without limit.

Utility may extend beyond these horizons as we build more partnerships and expand our services.

Pangolin Protocols Official Links:
Website Twitter Youtube
Discord Medium Gitbook

Medium Articles:
Pangolin Protocol Intro
Pangolin Protocol Advanced Minting Service
$Scale Tokenomics and Utility
Much more to come!

Forms:
Offered Services Submission Form
Project/Team Member Referral Rewards Form
Apply to Team
Apply for Partner

Contact us:
Set a meeting

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Pangolin Protocol

Pangolin Protocol aims to put an end to bad actors in Cardano with our Escrow Minting Protocol. With beneficial tokenomics, and a suite of services to offer!