1. The fusion concept of PAW token and Paw NFT
NFT ecosystem has gained a lot of attention and adoption this year. However, we found most DeFi collaborated NFTs still have little to no functionalities beyond being just cute collectibles. Functionalities are also limited as they were not designed from day one, but rather incorporated as an afterthought. So, besides the PAW token, the governance token which determines the future of PawSwap through governance voting, we see an opportunity to merge the DEX and NFT worlds, which will serve to improve incentivization mechanics and truly reward the most loyal users. In another word, Paw NFT is the access to additional functions and benefits.
2. Paw NFT universe
A simple idea for our NFT universe is we have Masters with paws and we have to serve our Masters with Tributes, then our Masters can harvest joy for us.
Master NFT
Master NFT will be the most exclusive and most coveted collection of PawSwap NFTs. There are 5 types of Master NFTs in different breeds.
By holding a Master NFT, you will receive a fixed percentage allocation of base PAW emission from our Fair Launch contract. The total emissions of the 5 Master NFTs will account for 20% of PAW’s base emissions.
Tribute NFT
We have chosen our first set of tribute NFT to be Food Series for our Masters. As a tribute NFT holder, you can stake them together with LP tokens to receive boosted rewards from yield farming.
There will be four types of Food tribute NFTs for a limited quantity. Three parameters are specific to each Tribute NFT:
- Boost %: Percent that your liquidity will be enhanced to boost more PAW rewards
- Maximum Energy: Total amount of PAW rewards that can be earned with the NFT
- Eligible Pool: Staking pools that a tribute NFT can be used on
3. PAW Token & Tokenomics
PawSwap is a fair launch project with no pre-sale, no investor, and no pre-mine. The majority of the PAW tokens will be distributed to various stakeholders that create value for the PawSwap ecosystem. The planned use cases are:
- Use it in Yield Farms to earn more PAW
- Lock it in House DAO to share benefits from Pawswap
- Stake it in Yard Pools to earn other free tokens or NFTs
- Buy special Master or Tribute NFTs for PAW holders or get a discount on general NFT sales
- Vote on proposals relating to the PawSwap ecosystem
The token distribution is:
- Liquidity Mining Rewards: 69.6%
- Master NFT Staking Rewards: 17.4%
- Development Fund: 13.0%
For our long-term incentive program to our liquidity providers, there’s currently no hard cap on the supply of PAW tokens, making it an inflationary token. However we have a slow inflation plan by reducing the amount of PAW per block gradually, thus the inflation rate will be controlled. Planned Supply Schedule as:
This is how the curve of PAW’s circulating supply looks like in a longer term:
4. The Future of Paw NFT universe and PAW tokens
As the Paw universe develops， the PAW token will always be our only governance token to manage governance issues in a growing ecosystem across multiple sectors. And PAW token will benefit more from more functions in exchange intermediary, governance, deflation, etc. Meanwhile, the Paw NFT will evolve along with the growing ecosystem. NFT can be empowered with new functions in a new use case, like lower collateral level or borrow rates in DEFI lending. Therefore, the utility NFT can be an updating premium service for our loyalty lovers. In our plan, there will be possibly two ways of NFT evolution chosen in governance, to upgrade the initial series with more functions in a new use case or to release a new specific series through airdrop or sales.
Stay tuned and we are coming soon!
