Pendulum-Chain
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Pendulum-Chain

Amplitude (AMPE) Tokenomics

AMPE is the utility token that powers Amplitude Chain

AMPE is the native token of Pendulum’s sister project, Amplitude. The entire supply will be minted in the genesis block at launch. In order to ensure Amplitude is a community-first project, the Pendulum team decided to take no allocation of AMPE tokens for themselves or advisors and held no token private sales.

Tokenomics Overview

Ticker: AMPE

Relay Chain: Kusama

Supply Structure: Fixed

Total Supply: 200,000,000

Initial Circulating Supply: 11,555,556

Supply at Genesis: 200,000,000

Inflation: 0%*

*AMPE token holders can enjoy a 0% inflation rate, meaning no new tokens will be minted after launch. Note that a portion of tokens are vested so the initial supply is lower than the total supply.

Distribution

The distribution is reflective of the intended nature of the project that truly gives Amplitude to the community.

Protocol & Ecosystem Breakdown:

AMPE Token Utility

Amplitude will be the canary network of its sister blockchain, Pendulum. It will act as a testing ground for applications and network parameters for Pendulum, but with real financial consequences.

AMPE token utilities will initially include transaction fees, staking and on-chain governance. Transaction fees will be an integral part of using the network and will be applicable when making any transactions on the protocol and will be paid using AMPE. The fee will be split between the community treasury, rewards and others.

On-chain governance will follow a quadratic voting mechanism to ensure more votes for smaller holders and to disincentivize a single holder casting multiple votes on a single proposal. Proposals in the following categories can be voted on by the community of token holders:

1. Asset Listings — Listing and delisting the token on DEXes and CEXes.

2. Reward Distributions — The mechanism and amount of rewards distributed to different players of the network.

3. Parameter Modifications — Technical upgrades, smart contract configuration changes, transaction fees, etc.

4. Community Suggestions — Other suggestions / recommendations from the community.

Crowdloan AMPE Token Details

Click here to contribute to the Amplitude crowdloan on Kusama, all early contributors can enjoy up to 20% in early bird bonuses. Below are further details on the AMPE tokens given to the community via the crowdloan.

Lease period: 48 weeks

Vesting: 25% released upon TGE (token generation event)

75% released linearly over 48 weeks

Eligibility: Users must agree to Terms and conditions, No KYC required

Bonuses:

  • Contribute within the first 10,000 KSM that is raised to get a 20% early bird bonus
  • Contribute between 10,001–20,000 KSM being raised and get a 10% early bird bonus
  • Get 10% referral bonus tokens split between referrer and referee
  • Boost referral link bonus by 3% if you completed the Amplifier Campaign
  • Maximum 33% bonus per contribution

KSM Lockup Period: 48 weeks

Redeeming KSM: Your KSM will be unlocked and returned to you without any input required

Summary

We are confident these tokenomics set up a fertile ground for a community-driven chain where experimentation can blossom. For more details on the Amplitude crowdloan participation and bonuses please visit our FAQs page. Don’t hesitate to swing by our Telegram or Discord and ask us any questions. Together we can buidl the missing link between fiat and DeFi!

About Amplitude

Pioneering the internet of fiat. Amplitude is the sister network of Pendulum on Kusama. It will act as a testing ground for Pendulum applications and network parameters and be powered by the AMPE token. Developed by SatoshiPay.

About Pendulum

Building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. Allowing traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Developed by SatoshiPay.

Keep your eyes on the Pendulum!

Twitter | Telegram Announcements | Telegram Community | Discord | Reddit

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