The Protocol Token
What is $ERGO?
$ERGO is the utility and governance token of the ErgoFinance protocol. It is a non-mintable ERC20 token deployed on Ethereum with a fixed total supply of 100 million tokens. The tokenomic model of $ERGO is deflationary by design since the tokens are being burnt.
$ERGO is the token that pays the service fee to unlock the limit order feature of ErgoFinance protocol. This means that by using ERGO tokens, you not only get access to cost efficient limit orders on the DEX, but you will also get LP fees on every trade thanks to the innovative approach to providing liquidity.
$ERGO token is also used as a governance token within the ErgoFinance DAO. ErgoFinance DAO has the possibility to add more utilities for the ERGO token through governance proposals.
Circulating Supply
Initially 60 million tokens were fair lauched on Uniswap V3 mainnet. 10 million will be fair launched on Arbitrum and another 10 million on Optimism.
Vesting
12.000.000 $ERGO will be locked on Unicrypt, or 12% of the total supply, with an average vesting of 2 years and 3 months.
Increased security
The proof of liquidity (position) will be burnt, for better security and in order to prevent rug pull hacks. You can consult the transaction here.
8 million $ERGO tokens are kept in the gnosis safe treasury, managed by the ErgoFinance.
Documentation
- English
