WhitePaper Summary
Disclaimer
This document is intended solely for informational purposes and should not be considered financial advice. Investing in cryptocurrencies involves intrinsic risks.
Overview
Project Name: EarnPark
Token: PARK (Ticker: PARK)
Token Type: Security
Total Supply: 1,000,000,000 tokens
Initial Price: $0.0075 per token (Token Sale Tier 1)
EarnPark Platform
Founded: 2022
Headquarters: London, United Kingdom
Services: Interest accounts (yield-generating strategies, liquidity provision), swap (via 3d-party provider), buy (via 3d-party provider), crypto-backed loans (upcoming).
Compliance: Supervised by the U.S. Securities and Exchange Commission (SEC)
Token Issuer
EARNPARK PLATFORM LLP, UK
Token Details
Symbol: PARK
Initial Circulating Supply: 44,455,357.14 PARK tokens
Decimals: 6
Smart Contract Address: TBD
Blockchain Platform: Arbitrum One
Token Standard: ERC-20
Minting Mechanism: Fixed Supply, pre-minted
Utility and Benefits
Liquidity Mining: Rewards in PARK tokens for participating in platform services, with incentives for early and long-term contributors.
Yield Boost: Boosted rewards by staking PARK tokens.
Fee Reductions: Up to 30% fee reductions by using PARK tokens to cover platform fees.
Governance: PARK holders can engage in platform governance, voting on updates, changes, and new strategies.
Advanced Utility: Rewards for competitions, access to premium features, and validator rewards for network participants contributing to platform transparency (in the long term).
Tokenomics
Investors: 29% (290,000,000 tokens)
Community: 40% (400,000,000 tokens)
Core contributors: 22% (220,000,000 tokens)
Partnerships: 3% (30,000,000 tokens)
Liquidity Pool: 6% (60,000,000 tokens)
Roadmap
EarnParkβs tentative roadmap for the token launch:
Phase 1 (Q4 β24): Legal structure for token sale
Phase 2 (Q4 β24): PARK Lounge launch
Phase 3 (Q1 β25): Mobile Apps for iOS and Android v.1
Phase 4 (Q1 β25): Pre-mint and Token Sale (Tier 1 & Tier 2)
Phase 5 (Q2 β25): Token staking and discounts on fees via token
Phase 6 (Q2 β25): Token Sale (Tier 3 & Tier 4) and TGE
Phase 7 (Q3 β25): Token mining
Phase 8 (Q3 β25): Yield Boost mechanics
Phase 9 (Q4 β25): Token listing
Phase 10 (Q4 β25): Borrow and lending products
Phase 11 (Y β26): AI Agents v.1 and Governance
Phase 12 (Y β26): DeFi v.1 - Self-custody wallets
Risks
Crypto-Asset Risks: Market volatility, regulatory changes, security breaches.
Issuer-Related Risks: New venture uncertainties, user attraction challenges.
Technological Risks: Smart contract vulnerabilities, no insurance coverage.
Other Risks: Liquidity, adoption, operational management, competition, economic conditions, and token lock-in periods.
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