Tokenomics — $AGORA
This documents aims to provide all the information you need regarding $AGORA.
Disclaimer
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
$USDT value for $AGORA follows token sale price and might be subject to change.
Introduction
The $AGORA token is the shopping currency of the Agora, our Metaverse. It will be used to purchase items inside our Metashops : whether it is for NFTs or material items is up to you. Our goal is to create a currency that bridges blockchain related utility and real life utility.
You could potentially plan your next road trip with $AGORA or even purchase your engagement ring with it. The more businesses that partner with us the more $AGORA will have tangible utility.
$AGORA will also help develop this massive initiative. For the years to come, it will reward users, creators and holders. In other words, anyone who is helping our ecosystem achieve its goals. Let us walk you through our tokenomics.
Transparency is part of our project’s identity, and we will keep our community updated on funds spending when any major movement occurs.
Breakdown
Token Distribution
Total supply : 1 000 000 000
Initial supply : 430 000 000 (43%)
Release timeline : 4 years
Allow us to detail every aspect of this pie chart :
- User rewards : connecting to the Agora will reward you seasonally : there will be periods in time with cashback on your purchases and periods when you can complete in-game objectives in order to gain $AGORA.
- Creator rewards : Agoraverse wants to leverage open innovation. Any project or individual with an interest project to enhance Agoraverse or The Agora thanks by developping tools or experiences with Unity or the blockchain will be entitled to these rewards. In addition, 3D model designers that want to help complete the metashop and loft editor galery can receive rewards if their creations are accepted by our team.
- Staking rewards : rewards will be distributed when you stake your Lofts Business Club Access Cards. Rewards are detailed further below.
- Development funds : company fund that will be used to finance marketing & game development.
- Team : these funds are meant to reward team effort. In order to prove our long term commitment, their release will not start before October 2024.
- Liquidity pool : these tokens are meant to provide initial liquidity in order to be able to exchange $AGORA with $USDT, providing real worth to our token.
- Token sale : A token sale will be organised at the end of 2022 in order to further fund our project. 10% of the tokens will be sold through a seed sale, another 10% through a private sale, 3% through an IEO and the final 1% is purchasable directly from our website.
- CEX & VC : Funds allocated to future VC fund raising as well as liquidity pools on different CEX services.
Distribution timeline
Key indicators (targets)
Initial market cap : 5,8 M $
Initial fully diluted market cap : 17 M $
Initial market cap / liquidity ratio : 8,7%
Utility
The most important aspect of a token is the utility it brings to its owners. The $AGORA token has many use cases, which will ensure its longevity and stability. Let’s break these down by category of actors in our ecosystem.
Metashops
$AGORA will be one of the preferred payment methods to unlock any of our metashop building services. Web 3 companies and projects will be incentivized to choose the token. On top of that, partners can choose for $AGORA to be used inside their metashop as currency.
Creators
Creators either help the project by creating 3D models or by adding technical features inside the Agora via Unity or the blockchain. They can be talented individuals, projects or companies that will help our shopping Metaverse and Agoraverse platform to develop more utility for users. It is a win-win scenario: we gain functionalities, you earn $AGORA.
User rewards
Users are here to shop and have a good time. We want to offer them more, so that they have maximum incentive to make purchases on web 3.0. This is why there will be seasonal cashback on products : just like sales periods in retail stores.
Users will also have the opportunity to complete objectives in the Agora and their Lofts in order to earn $AGORA ; remaining true to the idea of a gamified experience.
The Lofts Business Club Access Cards holders
As the earliest investors, holders will get the most out of the $AGORA token. By simply staking their Access Cards on our website, you will be able to get daily staking rewards, without having to do anything more.
Access card upgrades
Holders will be able to upgrade their Access Cards by spending $AGORA every two weeks. The goal is for an upgrade in $AGORA to be less expensive than buying the Access Card on a secondary market ; this is why prices will be adjusted for every upgrade event.
In order to avoid over-inflating the supply of Premium and Exclusive Access Cards, there will only be up to 20 Standard Access Cards and 1 Premium Access Card that can be upgraded every two weeks. The total amount of upgraded cards over a full year will be 555 Standard Access Cards and 25 Premium Access Cards.
$AGORA collected from card upgrades will be burned in order to limit inflation. The more upgrades, the stronger the token price. We believe this system is important to reward our most active contributors and allow them to enjoy the higher tier Lofts.
NFT collection
$AGORA will be usable to mint our upcoming PFP NFT collection.
More utility will come along the way as the project develops. The more utility, the more bullish the token will be. We plan to develop the Agora over 4 years until reaching a final product. Being an early investor will generate massive rewards down the line.
Holding earnings
The Loft Business Club Access Cards
Access Card holders will have fixed $AGORA revenue : these rewards can be used to upgrade your Access Cards, to buy NFTs or real life objects in the Agora and for all future utility attached to the token.
- Standard Access Card will earn 30 $AGORA per day
- Premium Access Card will earn 100 $AGORA per day
- Exclusive Access Card will earn 1000 $AGORA per day
There will be a halving of rewards during the first year in order for Access Cards to generate revenue over a longer period and in order not to inflate the supply to much to maintain the price.
These rewards will increase your share of equity in the project and we will work on short-term utilities before The Agora and Agoraverse are fully released .
Our aim is to offer Access Card holders as many shopping advantages as possible. Businesses that settle in the Agora will offer advantages to Card holders : for instance granting you discounts for their products effectively providing tangible real life utility.
$AGORA holders
$AGORA/$USDT liquidity pools on Raydium will be rewarded with 2% of the total supply on year one followed by 2% of the total supply on year 2 and 3. Your APR will be high in these pools to reward delegation of USDT that support the liquidity of the project and hence the strengh of the token.
While our total supply will sustain holding rewards for 3 years, we will develop mechanisms to collect tokens that will be reinjected in $AGORA liquidity pools.
Token sale
Our token sale is strategic for our company as it is meant to further finance the development of the Agora, the shopping Metaverse.
Similarly to the funds raised by selling Lofts Business Club Access Cards, all funds raised during the token sale will be invested in developing the best possible product. Our track record is proof of this statement.
After the events surround the crypto market crash in May 2022, we have reworked on the token sale aspect. There will be less tokens available for purchase to the public, and an important part will be sold to a VC coalition during a private sale in order to guarantee a stable investment and limit the risks of “dumping”.
The token sale is organised in the following way :
- Public sale & IEO. The token will be publicly purchasable at full price over the duration of the vesting period in order for users to partake in ecosystem related features. It will also be launched on a CEX/DEX. This represents 4% of the supply.
- Seed sale. 10% of the total supply will be sold here. Open only to VC investment.
- Private sale. 10% of the total supply will be sold here. Open only to VC investment and marks the end of the vesting period.
Tokens will be vested until the launch of liquidity pools. Features requiring $AGORA such as new NFT PFP collection, upgraded raffle staking and Access Card upgrades will be available during the vesting period and will use the virtual $AGORA token. (LEARN MORE HERE)
Timeline
- Card Staking : May 2022
- Token sale : 3rd of June 2022
- Liquidity Pool : At the end of the vesting period
- PFP Collection. : August/September 2022
- Upgraded Raffle staking: Q3 2022
Dates to be confirmed and announced during 2022
Some parting words
Thank you for reading through this document. $AGORA is a capital step in our project that we have worked hard on to ensure its sustainability, usage and value. Through this token, we want to offer our community a solid investment rooted in realism and what the blockchain allows.
This is only the beginning. Thank you for your support.
