Skip to main content

Tokenomics

PSY is purely a governance token that manages the smart contracts, and treasury of tokens through on-chain voting. Proposals will be made on-chain, and voted on with the PSY token.

The PsyOptions protocol does generate fees from minting and exercising, volume on permissioned Serum markets, and affiliate fees from the user interface integrated with Serum order books. These fees are deposited into an address controlled by the governance protocol, with which PSY tokens can make proposals and cast votes.

The PSY Token#

  • Token Symbol: PSY
  • Max Supply: 1,000,000,000
  • Circulating Supply: 62,000,000
  • Token Type: SPL
  • Token Contract: PsyFiqqjiv41G7o5SMRzDJCu4psptThNR2GtfeGHfSq
The PSY Token breakdown is as follows:
  • Team/Contributors/Advisors: 15%
    • For building PsyOptions from the ground up.
  • Private Round 1: 5%
    • Our initial funding round with an emphasis on Market Makers who can provide liquidity for PsyOptions.
  • Private Round 2: 7%
    • Our second funding round with an emphasis on investors who can help PsyOptions grow. Participants of this round got in at the same price as IEO participants.
  • IEO: 3%
    • 1% FTX IEO
    • 1% Gate IEO
    • 1% Initial liquidity and rewards initiatives
  • DAO Treasury: 60%
    • The token allocation for the PsyDAO. These tokens can be unlocked through future governance proposals to further grow the Psy Ecosystem.
  • External Contributor Fund: 8%
    • These tokens will be used to fund, and incentivize contributors that help grow the Psy Ecosystem. At this time they have yet to be allocated, and are not a part of the circulating supply.
  • PSY Liquidity Provisions: 2%
    • Reserves for market makers on exchanges.

Are Team, and Private Round Coins Vested?#

Yes, Team and Private Round coins are vested for four years with a one year cliff. However, during the Token Generation Event, 10% of the Private Round 1 and 10% of the Private Round 2 coins will enter the circulating supply.

Where Can I Get PSY?#

PSY is currently available on the following exchanges, with more to come:

  • FTX
  • Gate

Can I Stake PSY?#

There is currently no staking mechanism, however, this can change in the future through on-chain governance.

Do PSY Token Holders Receive Protocol Revenue?#

No, the protocol revenue is deposited into an address controlled by governance.