$PBR THE NATIVE TOKEN OF POLKABRIDGE.
•$PBR is the native token of the polkabridge and will play a crucial role in helping polkabridge fulfill its vision to build an ecosystem of solutions to democratize finance. Below are the details about the token economics of $PBR, and we dive into how it will play its role in the polkabridge ecosystem.
$PBR plays few critical roles in the polkabridge ecosystem-
1. Being the native token of the chain, $PBR powers the network’s staking economy. Transaction fees and staking of $PBR helps secure the network.
2. $PBR holders can also be involved in the governance of the protocol. $PBR holders play a role in making critical decisions for the protocol like whitelisting of synthetic as well as collaterals that can be used on the platform.
3. polkabridge synthetics app users can collateralize their $PBR holdings to create and trade on polkadot.
•$PBR tokens will be distributed as rewards to liquidity providers and other participants who perform critical functions in the network.
•$PBR tokens will be minted and burned to maintain the stability of the network and ensure the solvency of the net debt of the network.
The PBR Token Distribution
•PBR must capture a broad user base from the polkadot ecosystem to be a truly interoperable synthetics protocol. The PBR token distribution model and release schedule incentivizes active participation from a significant portion of the polkadot ecosystem members while maintaining our long-term vision for growth through engagement with our community.
•The PBR token is inflationary in nature with an inflation of 30% set for the first year and a subsequent reduction of 25% in the inflation rate in each with the maximum supply capped at 200,000,000 PBR.
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What are you waiting for to enter yourself to win $PBR by just involving yourself in simple activities!
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