DeltaPrime Unveils $PRIME Token: Pioneering a New Standard in DeFi Governance and Utility
, a decentralized borrowing and investing platform, is thrilled to announce their Token Generation Event on Uniswap and Trader Joe. The TGE marks another innovation in crypto with the launch of the $PRIME and $sPRIME tokens on July 1st, 2024. Born in the bear market and operating on the Arbitrum and Avalanche networks, DeltaPrime’s inventive tokenomics design focuses on stable growth of its liquidity pools, as well as enhanced community rewards and governance capabilities.
$PRIME, the primary tradable token of the DeltaPrime ecosystem, is integral to the platform’s liquidity framework. As a versatile ERC20 token, $PRIME can be traded on open markets, utilized in liquidity pools on decentralized exchanges , and transferred between entities, facilitating seamless market interactions.
Of the protocol’s total revenue, 33% goes to active $sPRIME holders, 33% to the treasury for further development, and 33% to the protocol’s insurance funds. $sPRIME stands out by being the first concentrated LP-token used as a platform’s main currency, next to generating governance power. The token becomes ‘active’ by keeping the underlying liquidity centered around the current price, increasing its value to those that support the platform’s growth.At the heart of DeltaPrime’s approach is a commitment to transparency and a governance model that places decision-making directly in the hands of its users.
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