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1Beam

1Beam

Read writing from 1Beam.io on Medium. First stablecoin DEX on Moonbeam and Moonriver. Every day, 1Beam.io and thousands of other voices read, write, and share important stories on Medium.

Timeline

February 8, 2022
1BEAM Tokenomics and Revenue Model - 1Beam.io - Medium

Dear Moonbeamers, check out our announcement article if you haven’t yet.

What? > Stablecoin DEX

Where? >Moonbeam Ecosystem

When? > Thursday, Feb 10 2022 @ 2pm GMT

In this article we will cover 2 major topics:

> 1BEAM Tokenomics

> 1BEAM Revenue Model

Tokenomics

> Total supply: 1 billion $1BEAM

> Decaying emission model. 1BEAM will be emitted at a progressively decreasing inflation rate (thus decaying emissions)

> That means that every month, the 1BEAM inflation for stablecoin and 1BEAM/GLMR liquidity incentives is reduced by 10%.

1BEAM Allocation

1) Stablecoin Liquidity Incentives: 42% (duration 36 months)

2) 1BEAM/GLMR LP: 18% (duration 36 months)

3) Team: 20% (vesting 24 months + 3 months cliff)

4) Treasury: 10% (vesting 36 months)

5) Ecosystem: 5%

6) Airdrop for 1SWAP holders: 5%

Over 60% of the supply will be distributed after 1 year, and over 90% after 2 years. Such an approach greatly rewards early liquidity providers and provides price stability via cutting inflation constantly. See chart below.

1BEAM decaying token emission

1) Stablecoin Liquidity Incentives

> This allocation is reserved for rewarding 1Beam stablecoin liquidity providers

> We’re kicking off with our main USDC/USDT/DAI (Multichain stablecoins) pool and will add more pools soon thereafter

> Farmed 1BEAM rewards are released after 3 months. No rewards are released during the first 3 months at all.

> Rewards can be claimed before 3 months have passed, but a 50% penalty fee is incurred.

2) 1BEAM/GLMR LP

> We will launch a 1BEAM/GLMR liquidity pool on StellaSwap

> Deposit your 1BEAM/GLMR LP on the 1Beam website to farm 1BEAM

> Farmed 1BEAM rewards are released after 3 months. No rewards are released during the first 3 months at all.

> Rewards can be claimed before 3 months have passed, but a 50% penalty fee is incurred.

3) Team

Team allocation has a 3-month cliff on top of a 24-month vesting

4) Treasury

The Treasury will serve to pay for ongoing costs related to PR and marketing, community management, audits, servers and infrastructure, and other running and maintenance costs.

5) Ecosystem

We have reserved 5% of the supply for ecosystem purposes such as partnerships, community bounties and bug bounties

6) Airdrop for 1SWAP token holders

> Initially, we planned for a 1% supply allocation for 1SWAP holders but decided to increase to 5% of total supply after community feedback

> Airdrop tokens are released once per month over a 2 years duration

> As for the farming rewards, the airdrop is also released after 3 months and subject to a 50% early claiming penalty.

> Every month, a snapshot of 1SWAP holders will be taken and allocated 1BEAM tokens will be distributed proportionally. The first airdrop will take place in March 2022 already. No action is needed by 1SWAP holders.

> This airdrop design greatly motivates users to acquire, farm and hold 1SWAP

Revenue Model

3 Revenue Streams (1 in USDC and 2 in 1BEAM token)

> Revenue 1: Whenever a swap on 1Beam DEX takes place, a 0.04% swap fee is charged. This swap fee is distributed as USDC revenue.

> Revenue 2: Earn revenue in 1BEAM from the 50% early claiming penalty fee for 1BEAM/GLMR LP rewards

> Revenue 3: Earn revenue in 1BEAM from the 50% early claiming penalty fee for airdrop allocation

2 Ways to Earn Revenue

> Option 1: Lock 1BEAM for 90 days to earn Revenue 1,2,3

> Option 2: just stake 1BEAM to earn only Revenue 1

The rewards can be claimed anytime in both options.

Once locked, the user cannot withdraw his 1BEAM for 90 days. It is NOT possible to pay an early exit penalty to withdraw locked 1BEAM early.

Further Resources

Title
Author
Link
Type
Date

1Beam Ecosystem - 1Beam

Web

References

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