Paribus PBX tokenomics overview
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What is Paribus (PBX) and what are the Tokenomics?

Paribus PBX tokenomics overview

This article explains the Paribus tokenomics. It covers the PBX token supply, the token sale distribution, the vesting schedule and some additional numbers.

What is Paribus?

Paribus has endeavored to redefine value with the creation of lending markets for previously un-leveraged digital assets. Whether it’s an exotic NFT or something as unexciting as an LP position, Paribus will help these assets realize their value in a decentralized marketplace. Currently, Paribus builds on Ethereum (ETH), with constant mention of building for Cardano (ADA).

Paribus tokenomics: token supply

Paribus has a total token supply of 10,000,000,000 (ten billion) PBX. The distribution is as follows:

  • Total Supply: 10B
  • Sale In Aggregate: 4B
  • Ecosystem: 3.3B
  • Foundation: 1.5B
  • Strategic/Advisory: 700M
  • Liquidity Provisioning: 500M

The distribution is relatively straight forward. However, the rationale effectively weighed a number of considerations:

  • The team designed the larger ecosystem to reward and stimulate users. Given more exotic assets have less defined marketplaces, encouraging trading by way of community support is essential.
  • A sizable sale allows the Paribus team to strategically distribute the token to value add investors as well as the public. The team believes this will ultimately facilitate platform usage.
  • The remaining is relatively traditional but the team is anticipating platform needs. For example, the team may need additional liquidity when going cross chain. Meanwhile, worthy partners, content creators and centralized exchange partners can add considerable value.

Paribus tokenomics: token sale distribution

  • Seed: 1.4B PBX @.0002
  • Private: 2.1 PBX @.00027
  • Public: 500M PBX @.0003

First, the seed and private rounds ensure sufficient funding. In addition, the relative price uniformity speaks to the belief in the Paribus project. Typically, there is a multiple levied against the public sale buyers. However, Team PBX was able to attract value-add investors and keep the buy-in price points equitable and fair.

Next, the team feels that ultimately, a wider distribution of PBX will be the driver in sustaining market demand. In the near term, the price parity and value add of strategic backing will secure a smooth rollout.

Paribus tokenomics: PBX vesting

The rate at which tokens enter the market can impact it. This is a given. The team considered the distribution of PBX in its roadmap. Its aim is to align distributions with milestones that can create functional demand for PBX.

Foundation: 6 month cliff, then 10% released monthly for 10 months

Ecosystem: 1 week cliff, then 16.67% released monthly for 6 months

Strategic/Advisory: 6 month cliff, then 10% released monthly for 10 months

Liquidity: 100% locked for 12 months

Seed: 7.5% upon TGE, weekly release 1 month after for 7 months

Private:10% upon TGE, weekly release 1 month after TGE for 7 months

Public: 50% released initially, then 50% released 1 month after TGE

Finally, in order to create a fairer marketplace, the largest distribution of circulating tokens will come from the public round. The team will put 250M tokens “in the wild,” following the IDO.

Additional Paribus tokenomics numbers

  • Circulating Supply Following TGE: 565M PBX
  • Listing Price: .0003USD
  • Hard Cap: 997K
  • Market Cap At TGE (based on public price): 169.5K**

**The market cap at TGE uses the public price vs. a blended average of seed, private and public. Calculating actual price paid and releases across rounds will produce a market cap of 152.7K.

Additionally, it is worth noting that the calculation leaves out liquidity. It is impossible to know how much of that people will tap. Certainly, we can expect some of the 500M tokens put up to become circulating. However, we can not possibly anticipate an actual number. Furthermore, the team locks this liquidity, represented in PBX and pair, for a minimum of 12 months.

Key takeaways

  • Paribus has a total token supply of 10 billion PBX.
  • The sale in aggregate is 4B PBX across seed, private and public rounds.
  • Vesting differs by allocation, and the team locks 100% of liquidity for 12 months.
  • The circulating supply following TGE is 565M PBX.

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