Trace Tokenomics

Trace Network
Jun 10 · 4 min read

Trace Network is an enterprise grade decentralized finance protocol harnessing the capabilities of composable smart contracts, permission-less financing options powered by DeFi and NFT based unique merchandise identification solutions to unlock the billions of dollars’ worth of business potential otherwise undermined due to poor merchandise inventory & ownership management, costlier trade financing & banking options, and perennial inefficiencies in par diem business transactions.

Trace Network would utilize unique capabilities of DLTs, DeFi & NFTs to empower participants of the Trace ecosystem to interact and share data which are required to enforce traceability, distribution channel stock visibility & above all, efficient working capital financing options for more efficient trade practices & business management.

Some of the core functions to help the protocol standout and spearhead the adoption torch are:

❏ NFT based on-chain merchandise Identity Management

❏ On-Chain integration & settlement of business transactions across business networks

❏ DeFi based on-chain liquidity & trade financing

TRACE; The Governance Token empowering the Trace Network ecosystem

To achieve the vision & mission as described above, we are proud to introduce $TRACE as the governance token. $TRACE is an ERC20 standard token with inbuilt governance & community participation capabilities for a more participative & vibrant community engagement in decision making.

Trace Distribution

100,000,000 TRACE shall ever exist, hence the total supply.

30,620,000 TRACE are reserved for community incentives, business development & ecosystem promotion. Out of this 20,620,000 TRACE are allocated separately in an ecosystem & business development fund, to be unlocked over a period of 24 months. Remaining 10,000,000 TRACE to be used for community incentivization for early adoption of the protocol, which will be unlocked over a period of 18 months.

16,380,000 TRACE are allocated to early backers & strategic investors, vested for a period upto 15 months.

500,000 TRACE are allocated for public sale.

10,000,000 TRACE are allocated to existing & future advisors, vested for a period upto 15 months. 5% of allocated TRACE will be unlocked on TGE and remaining to be vested for the mentioned period as above.

20,000,000 TRACE are allocated to founders & the team, subject to 18 Months vesting. 10% of allocated TRACE will be unlocked on month 6 and then unlocked daily for the vested period as mentioned.

20,000,000 TRACE are reserved for foundation and meant for product development & business expansion, strategic investment and are subjected to 24 months vesting. 10% of allocated TRACE will be unlocked on month 9 and then distributed daily till 24 months in total.

2,500,000 TRACE are allocated for the liquidity provision fund.

Trace Token Utility

Governance

TRACE is the governance token and empowers network users with governance control over the protocol. Network users & holders shall be able to run protocol on a day to day basis and participate in various decisions accordingly.

Protocol incentivization

TRACE would be distributed as a reward to network participants through various incentivization mechanisms from time to time.

Protocol participation

TRACE token is the fuel of the network and ecosystem which makes it mandatory for network participants to use for transactions & participate in operations of the protocol.

Staking rewards

A major portion of TRACE’s total supply is to be distributed among network users and therefore, TRACE will be used to incentivize staking on the network.

Interoperability & cross-chain settlement

TRACE will be used as a unit of settlement for all cross-chain settlement and a reconciliation unit for multi-chain interaction including inter & intra-chain transactions.

NFT Minting & Settlement

TRACE will be used as a base token to mint, acquire NFTs, and for the settlement of minted NFTs over the network and ecosystem. TRACE will be the preferred form of payment available for token issuance, transfer, and destruction.

Trade & Commerce

TRACE will act as a settlement & accounting unit for the exchange of value among different enterprises on the network. TRACE will act as a base layer of settlement & stability unit for all business transactions empowered by proprietary white label algorithmic stable coins.

To learn more about $TRACE and Trace Network, please go through our other articles on this publication.

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