$COFFFE

Tokens

Definitions & Concepts

  • $COFFEE — ERC-20 utility token of the protocol Two main objectives drive $COFFEE emissions:

    1. To reach and maintain sufficient liquidity for optimal trading conditions. $COFFEE tokens are emitted as farming rewards to incentivize deep liquidity.

    2. To encourage decentralized governance. $COFFEE can be used to participate in the continuous development of the platform through governance. The ultimate goal is to achieve true decentralization.

  • veCOFFEE — ERC-721 governance token in the form of an NFT (non-fungible token) veCOFFEE is the vote-escrowed version of $COFFEE. Users can lock their $COFFEE tokens for up to 2 years to receive veCOFFEE. The longer the tokens are locked, the more veCOFFEE voting power is granted. To encourage sustained participation, a user's veCOFFEE balance decreases over time, becoming zero at the end of the initial locking period. veCOFFEE positions can also be increased, divided, and resold on a secondary market.

  • CoffeeNFT — ERC-721 founders' token in the form of an NFT (non-fungible token) CoffeeNFT can be staked for revenue sharing. The staking pool receives a share of trading fees from Coffee DEX and royalties from secondary sales of CoffeeNFT.

Token Addresses

  • $COFFEE: TBD

  • veCOFFEE: TBD

  • CoffeeNFT: TBD

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