Draft documentation
$COKE Tokenomics
Supply allocation, reward mechanics, liquidity sizing, and treasury policy.
Supply allocation
Total supply: 1,000,000,000 $COKE. 120,000,000 $COKE (12.00%) is allocated from the Prawns9000 allocation: 100m to the locked treasury seed and 20m to the initial LP-incentive program.
| Allocation | $COKE | Supply share | Status |
|---|---|---|---|
| Treasury seed | 100,000,000 | 10.0000% | — |
| $COKE/$KOX LP rewards | 20,000,000 | 2.0000% | Eight-week increasing distribution |
| All other supply | 880,000,000 | 88.0000% | Includes locked LP and all other holders |
The 20m $COKE LP rewards are distributed over eight weeks using 1:2:3:4:5:6:7:8 weights: 555,556; 1,111,111; 1,666,667; 2,222,222; 2,777,778; 3,333,333; 3,888,889; and 4,444,444 $COKE. Rounding is adjusted in the final distribution.
Reward mechanics
$COKE is a StonkFun reward-mode Token-2022 mint with a 3.00% transfer fee. The current holder allocation is 97.5% of that fee: 2.925% of eligible $KOX transfer volume.
holder reward pool = eligible $KOX volume × 3.00% × 97.5%
treasury receipt = holder reward pool × 10.00%
treasury receipt = eligible $KOX volume × 0.2925%
A 10% treasury receives approximately 2.925 $KOX per 1,000 $KOX of eligible transfer volume.
Treasury policy
The treasury begins with a 100m $COKE seed. The treasury collects 10% of $KOX paid to $COKE holders. During the first eight weeks, 100% of treasury $KOX receipts are used to buy $COKE. The 20m $COKE LP rewards are separate from those receipts.
StonkFun emissions are not compatible with multisig or DAO custody. The treasury will therefore use a new wallet generated by Ledger Status. Ledger Status will manage the treasury wallet; Prawns9000 will participate as a non-signing partner; and Sicarious and Rick from GG will act as advisors.
Initial Raydium liquidity
The $COKE/$KOX pool is a Raydium CPMM. Raydium reports burnPercent: 100 for its initial graduated LP position. The initial LP is Burn & Earn locked.
The initial locked LP remains in the pool. Its share of market capitalization changes with price.
| Estimated $COKE market capitalization | Implied $COKE price | Initial locked LP / market capitalization |
|---|---|---|
| $12.3k | $0.0000123 | 77.6% |
| $24.5k | $0.0000245 | 55.1% |
| $49.1k | $0.0000491 | 38.9% |
| $98.2k | $0.0000982 | 27.5% |
| $245.4k | $0.0002454 | 17.4% |
| $490.8k | $0.0004908 | 12.3% |
| $1m | $0.001 | 8.6% |
| $10m | $0.01 | 2.7% |
| $100m | $0.10 | 0.9% |
| $250m | $0.25 | 0.5% |
| $500m | $0.50 | 0.4% |
| $1bn | $1.00 | 0.3% |
Assumes a constant $KOX/USD price and excludes fees, additional deposits, and withdrawals.
Requirements before execution
- Generate and publish the Ledger Status treasury wallet address and its 100m $COKE balance.
- Publish the disposition plan for the 41.785m $COKE non-treasury remainder.
- Define LP-incentive terms before each program begins: eligible positions, calculation method, duration, reward amount, and payment process.
- Publish each treasury receipt, swap, and LP-incentive payment.