The Task2Earn ($T2N) token will serve as the native utility and governance token of the Task2Earn platform. It will power various aspects of the ecosystem, including task rewards, governance, and staking mechanisms. Below is a detailed breakdown of the T2N tokenomics model:
The T2N token will be integral to the Task2Earn platform, providing utility in several key areas:
Task Rewards: T2N tokens will be the primary reward currency distributed to contributors who complete tasks on the platform. Project promoters will post tasks with specific token rewards, and upon successful completion and validation of the task, the contributor will receive T2N tokens.
Staking: Contributors and project promoters will have the option to stake T2N tokens to unlock additional benefits. For example, promoters who stake tokens may receive discounts on task posting fees, while contributors who stake tokens may gain access to higher-paying or exclusive tasks.
Governance: T2N tokens will also function as governance tokens, enabling holders to vote on key platform decisions, such as updates, new features, and adjustments to platform policies. This ensures that the community has a voice in shaping the future of Task2Earn.
Transaction Fees: The T2N token will be used to pay transaction fees within the platform, such as task posting fees for project promoters. This creates an internal economy within the platform, incentivizing the use of T2N tokens for all platform activities.
The total supply of T2N tokens will be capped at 1 billion tokens. The distribution will be carefully structured to support the long-term growth of the platform and ensure a fair and balanced ecosystem. The allocation is as follows:
Contributors and Task Rewards (40%): A significant portion of the token supply will be reserved for rewarding contributors who complete tasks. This ensures that the majority of tokens go directly to those who add value to the platform by performing work.
Team and Advisors (15%): A portion of the tokens will be allocated to the founding team and advisors. This ensures the long-term commitment of the team while aligning their interests with the platform’s success. Tokens allocated to the team will have a vesting schedule to prevent immediate liquidity.
Ecosystem Development (20%): This allocation will be used to fund partnerships, integrations, and future platform development. It will also be used for marketing initiatives aimed at expanding the user base and attracting more projects to the platform.
Staking and Governance (10%): A portion of the tokens will be reserved for staking rewards and governance activities. Contributors and promoters who stake T2N tokens will receive additional rewards and governance rights, fostering greater participation in the platform’s decision-making.
Reserve and Liquidity (10%): This allocation will be used to provide liquidity on decentralized exchanges (DEXs) and for reserve purposes to ensure the platform’s long-term sustainability.
Public Sale (5%): A small portion of the total supply will be made available to the public through token sales, allowing early investors and users to acquire T2N tokens and participate in the platform’s growth.
To ensure the long-term health and sustainability of the Task2Earn ecosystem, a vesting schedule will be implemented for team, advisor, and ecosystem tokens. The vesting schedule will be structured as follows:
Team and Advisors: Tokens allocated to the team and advisors will have a 2-year vesting period with a 6-month cliff. After the initial cliff, tokens will be released monthly over the following 18 months.
Ecosystem Development: Tokens allocated for ecosystem development will be released gradually over a 5-year period. This will ensure that the platform has sufficient resources to continue growing and scaling over the long term.
