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: $0.01 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: 68,201,389 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
EarnPark’s tentative roadmap for the token launch: Phase 1 (Q4'24): Legal structure for token sale
Phase 2 (Q4'24): PARK Lounge launch
Phase 3 (Q1'25): Mobile Apps for iOS and Android (v.1)
Phase 4 (Q2'25): Token Sale (Tier 1-2) & Token mining
Phase 5 (Q2'25): Portfolio analytics v.1
Phase 6 (Q3'25): Transaction history
Phase 7 (Q3'25): Proof of Reserves
Phase 8 (Q4’25): DeFi IL Mitigation Protocol (MVP)
Phase 9 (Q4’25): Token staking
Phase 10 (Q4'25): Token Sale (Tier 3-4-5) & Yield Boost mechanics
Phase 11 (Q4'25): TGE & Token listing
Phase 12 (Q1'26): Discounts on fees via token
Phase 13 (Q1'26): On-Chain Strategy Access via Wallet-Connect (v.1)
Phase 14 (Q1’26): AI Agents v.1
Phase 15 (Q2'26): Al Investment Assistant
Phase 16 (Q2'26): Debit Cards
Phase 17 (Q3'26): Governance
Phase 18 (Q4'26): DeFi (v.2)
Phase 19 (Y'27): US Market Entry
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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