Exciting news in the world of decentralized finance! The innovative Ink Finance ecosystem has launched the QUILL token, with a total supply of 100 million tokens. Initial circulation starts at 2.3%, equaling 2.3 million QUILL tokens.
This token is essential for governance within Ink Finance and serves dual purposes: allowing holders to stake or rent for yield income.
Investors can benefit from staking rewards spread over 20 years and have opportunities to participate in liquidity provision for additional income. The QUILL token presents a compelling case for growth and engagement in the evolving decentralized finance landscape. Stay tuned for more developments in Ink Finance’s ambitious journey!
Kucoin New Coin Listing Announcement
Ink Finance (QUILL) has been listed on Kucoin!
QUILL/USDT – more charts on TradingView.
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Perplexity QUILL Research
To be clear, this content is an analytical perspective based on the limited information provided, and should not be taken as financial advice.
Tokenomics
Total Supply and Distribution
The total supply of the QUILL token is 100,000,000[2][5].
– The initial circulating supply is 2.3% of the total supply, which translates to 2,300,000 QUILL tokens[2].
– The token distribution includes allocations for various rounds such as the Seed Round, Strategic Round, Public Round, Exchange Liquidity, Advisors & Team, Staking Rewards, Community Incentives, and the Insurance Fund. Here is a breakdown:
– Seed Round: 10,000,000 QUILL tokens with a vesting schedule of 10% vested at TGE, 12 months cliff, and monthly unlock for 24 months[2].
– Strategic Round: 10,000,000 QUILL tokens with a vesting schedule of 10% vested at TGE, 8 months cliff, and monthly unlock for 24 months[2].
– Public Round: 2,500,000 QUILL tokens with a vesting schedule of 20% vested at TGE, 4 months cliff, and monthly unlock for 8 months[2].
– Exchange Liquidity: 2,500,000 QUILL tokens fully unlocked[2].
– Advisors & Team: 20,000,000 QUILL tokens with a 5-year cliff and 10% unlocked every 6 months[2].
– Staking Rewards: 20,000,000 QUILL tokens emitted over 20 years according to a predetermined curve[2].
– Community Incentives: 10,000,000 QUILL tokens fully unlocked[2].
– Insurance Fund: 10,000,000 QUILL tokens with a max payout of 10% of the initial balance and 30% of the initial balance must be maintained at all times[2].
Utility Within the Ecosystem
– QUILL tokens serve as governance tokens for the Ink Finance ecosystem and can be used by DAOs as their default governance tokens if they do not issue their own[1].
– The tokens have two primary utilities: stake-to-use and rent-to-use. Retail token holders can pool these tokens for lending and generate rental (yield) income[2].
– Advanced features of the platform require staking a minimum of 10,000 QUILL tokens, determined by a transparent voting process by the INK DAO[3].
Burn or Minting Mechanisms
– There is a mechanism where QUILL tokens bought back from fees are deposited into the staking emission pool, effectively creating a “soft destruction” that supports future operations and puts upward pressure on the QUILL token price[3].
Revenue Model
Fee Structures and Transaction Costs
– Ink Finance generates revenue through fees charged for financial services such as issuance, settlement, and clearing of assets. These fees are drawn from the cryptocurrencies handled in these services and then swapped for QUILL tokens, which are deposited into the staking emission pool[3].
– The protocol charges proportional fees based on the transaction volume and the size of the assets under management[3].
Income Sources
– Revenue also comes from QUILL lending/rental/lease income, as retail token holders can pool tokens for lending and generate yield[2].
Market Position
Competitive Advantage
– Ink Finance stands out by offering a highly customizable governance framework and financial management tools, catering to both crypto-native DAOs/projects and professional organizations scaling Real-World Assets (RWAs)[2].
– It provides unique features such as multi-level sub DAOs, various governance schemes, and advanced treasury management, which differentiate it from other DeFi platforms[2].
Market Share and Adoption
– Ink Finance aims to address the limitations of current DeFi lending practices and establish credit-based financing, enhancing the legitimacy of decentralized financial governance. This positions it as a significant player in the DeFi and RWA spaces[4].
Growth Potential
Roadmap and Upcoming Features
– The project includes a roadmap with features such as DAO network setup, various governance schemes, treasury management, crowdfunding, and financing options like DAO-to-DAO lending and digital debt/bond issuance[2].
– Future developments include the Unified Custodian Vault (UCV), InkEnvelope, Multi-currency Staking Engine, and BRC-based membership management[2].
Partnerships and Integrations
– While specific partnerships are not detailed in the available sources, the project’s ability to integrate with various DAOs and RWA originators suggests potential for broad adoption and collaboration[2].
Scalability
– The platform is designed to be scalable, supporting both crypto-native and Web2.5 organizations. It offers a flexible and customizable framework that can adapt to the needs of different users[2].
Potential for Investor Returns
Staking Rewards and APY
– Investors can generate returns through staking QUILL tokens, which are required to access advanced features of the platform. The staking rewards are emitted over 20 years according to a predetermined curve[2].
Liquidity Provision Opportunities
– Retail token holders can pool QUILL tokens for lending and generate rental (yield) income, providing a liquidity provision opportunity[2].
Capital Appreciation
– The potential for capital appreciation is driven by the demand for QUILL tokens, which is influenced by the adoption and usage of the Ink Finance platform. The “soft destruction” mechanism of buying back and depositing QUILL tokens into the staking emission pool also supports upward price pressure[3].
Unique Incentive Structures
– The INK Sponsorship mechanism allows DAOs without sufficient capital to rent INK facilities using their own tokens, which are then accrued into the INK DAO Treasury. This creates an incubator portfolio that benefits the entire community of QUILL holders[3].
By analyzing these aspects, investors can understand the comprehensive value proposition and growth potential of the Ink Finance project and the QUILL token.
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Citations
Learn More About INK Finance:
Website: https://www.inkfinance.xyz/
X (Twitter): https://twitter.com/inkfinance
Whitepaper: click to view
Discover the strategic distribution, unique utilities, and growth potential that could redefine decentralized finance and offer lucrative opportunities for investors.
Key details about QUILL’s distribution include allocations across various rounds. The Seed and Strategic Rounds have 10 million tokens each, spread out over a specific vesting timeline. Public Round sees 2.5 million tokens, while Exchange Liquidity is fully available at 2.5 million tokens. Advisors and Team receive 20 million tokens over a five-year period, ensuring a long-term vested interest. Community Incentives and the Insurance Fund both hold 10 million tokens; Insurance Fund has special payout limitations to ensure stability.
Ink Finance earns revenue through transaction fees and lending, swapping fees collected into QUILL tokens. This setup bolsters the staking emission pool and supports the QUILL value. Unique governance and financial tools set Ink Finance apart in the DeFi sphere, alongside plans for DAO-to-DAO lending, digital debt issuance, and more exciting roadmap features.
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