Tokenomics

CAT Token

Description:

Total supply : 1,000,000,000
TICKER: CAT
STANDARD: ERC20
Basic governance token for HedgeCat Protocol.
Generated by transaction and liquidity provision incentives.

CAT Token Utilities:

  • CAT token gives holders the propose and vote right.
  • CAT token takes the role of circulation in the market.
  • CAT token can be staked to mint vCAT.

vCAT Non-Fungible Token

Description:

vCAT is a Non-Fungible Token minted by staking Cat Token.
vCAT can be burned, and the same amount of CAT Token will be redeemed to vCat holders.

vCAT Non-Fungible Token Utilities:

  • vCAT gives holders the propose and vote right.
  • vCAT holders can share the funding payment from the whole HedgeCat Protocol.
  • vCAT holders can create a new transaction pool by locking qualified vCAT.

​

vCAT Mint Rules:

Holders should specify the pool and the amount of CAT to stake to mint vCAT.
After mint, vCAT holders start to share the funding payment from HedgeCat Protocol.
​

vCAT Redeem Rules:

When vCAT is locked to create a new transaction pool, vCAT cannot redeem.
Except for that situation, vCAT can be burned at any time.
When vCAT is burned, the same amount CAT will be redeemed by the holder.
​

HedgeCat Protocol Funding Payment Share for vCAT:

HedgeCat Protocol will distribute funding payment into 4 pools:
N-pool(10%)
W-pool(20%)
M-pool(30%)
Q-pool(40%)
The ratio can be changed by proposal and vote.
Different pools have different conditions to claim funding payment.
N-pool holders can claim at any time.
W-pool holders can claim when the stake time is longer than W period.
M-pool holders can claim when the stake time is longer than M period.
Q-pool holders can claim when the stake time is longer than Q period.
Period W, M ,Q will be determined by Dao Governance.
​
Take W period is 1000 block as an example:
Holder mints vCAT at block height 9999.
W-pool makes a settlement every 1000 blocks, and makes a settlement at 10000 block height.
The vCAT holder cannot claim funding payment at 10000 block height because the stake time does not satisfy the period required by the W pool.
The vCAT holder can claim the funding payment from the settlement at 11000 block height.
​

vCAT Holders Create New Transaction Pool:

vCAT holders can lock their vCat to create a transaction pool.
The amount of vCAT standard is:
f(x)=upperfactor−1lowerfactor+circulationf(x) = upper factor - \frac{1}{lower factor + circulation}
The initial upper factor is 10000, the lower factor is 0.0001
​
After vCAT is locked, it can not be burned to redeem the Cat.
CAT will be staked in a contract as a security insurance fund.
Holders can transfer vCAT after the lock period is over.
Holders can claim 30% of funding payments from the transaction pool they created.
​
Figure 1.0

Transaction Reward

The transaction reward is shared every 100,000 blocks (about 10 days). The initial total daily reward pool is 200,000 CAT.
​

LP Provider Reward

LP Provider rewards are shared within every block. The initial total daily reward pool is 200,000 CAT.

Token Distribution

Token Allocation
CAT
Percentage
Release Schedule
Genesis Incentive
70,000,000
7%
For early LP providers
Air Drop
30,000,000
3%
For early traders
Mining
400,000,000
40%
Distributed over time in accordance with LP providers and traders incentive
Team
150,000,000
15%
2 year vesting
Investment&Partners
150,000,000
15%
2 year vesting
Ecosystem
200,000,000
20%
-
Total
1,000,000,000
100%
​