🪙Tokenomics
Details of the $PALM token.
Last updated
Details of the $PALM token.
Last updated
Total Supply and Token Allocation
Total Supply: The total number of $PALM tokens is 100 million, circulating supply is 77.5 million due to the burned percentage (22.5 %)
Liquidity: 75% (75 million) of the total supply is provided for trading to make sure that people can always buy and sell $PALM easily.
Reserved Tokens: 5% (5 million) of the total supply is kept aside for future opportunities, like being listed on centralized exchanges (CEXs) to reach more people.
Burnt Tokens: 22.5%, of which 20% (20 million) of the total supply was burned at launch and the additional 2.5% (2 500 000) have been burned since.
Total Tax
There is a 3% Tax on buying and selling $PALM tokens, the distribution of the tax to developmental effort is as follows:
Development Tax: 1% (a third) goes towards funding the ongoing development of the AI chatbot on Telegram, ensuring it remains up-to-date and effective.
Marketing Tax: 1% is used to promote $PALM and increase its visibility and adoption.
Staking Tax: 1% is directed towards ensuring there's always enough $PALM available for trading.
