Prophetic Bird Token
Prophetic Bird Token $PRO - Genesis Songbird
Last updated
Prophetic Bird Token $PRO - Genesis Songbird
Last updated
Contract Address: 0xf810576A68C3731875BDe07404BE815b16fC0B4e
The Prophetic Bird Token $PRO is an incentive token that is minted and distributed to Liquidity Providers through the Master Prophet Yield Farming Contract.
Inflation rate is 0.5 $PRO per block. 0.25 PRO per block is minted in Farm V1 and 0.25 PRO pro per block in the V2 multi-farm. Over time the V2 multi-farm will take more minting share from V1. Also minting rates may continue to be halved with the bitcoin halving each 4 years.
The Prophetic Bird Token $PRO has a deflationary mechanic of 1% burn on transfers, which keeps the supply in check and incentivizes holding. For Example: If you transfer 100 $PRO, 1 $PRO is burnt. The receiving address will only receive 99 $PRO. Prophetic Bird Token does not have a set Max Supply but with rough calculations we can calculate that in 10 years the total supply could be around 250-300 Million. This is not taking into account the 1% burn on transfers and the $PRO buy/burn system. This number is derived by Songbirds average block time. Songbirds current average block time is about 1.5 seconds. About 15 Million PRO is minted per year and distributed as rewards to liquidity providers and stakers.
