Ecosystem Incetives
The Ecosystem Incentives account for 30% of the block reward in the TAN network. These incentives are designed to encourage various forms of participation and support for the network, ultimately driving growth and adoption. Here’s a detailed breakdown of how these incentives work:
# Developer Incentives:
Purpose: Promote the growth and development of the TAN ecosystem.
Mechanism: Developers who contribute by building decentralized applications (dApps), smart contracts, or adding to the network's Total Value Locked (TVL) receive incentives.
Benefit: This incentivizes developers to create tools and applications that expand the TAN ecosystem, fostering innovation and increasing the network's value. The goal is to make TAN a robust and versatile platform with a wide array of applications and use cases.
# Wallet Incentives:
Purpose: Encourage frequent use of TAN for transactions.
Mechanism: Users who make frequent transactions are rewarded based on the volume of their transactions. For example, users completing transactions in increments of 1,000, 5,000, or 20,000 TAN will earn incentives.
Benefit: This rewards users for using TAN as a means of exchange, increasing adoption and usage of the token. The more transactions users make, the more incentives they receive, promoting active engagement with the network.
# Staking Incentives:
Purpose: Reward users who stake their TAN tokens to secure the network.
Mechanism: Users who stake their tokens receive additional incentives beyond block rewards. These rewards are designed to encourage users to lock up their tokens, helping to secure the network’s consensus mechanism.
Benefit: Stakers are rewarded for contributing to network security and stability, and the extra staking rewards provide an ongoing incentive to hold and stake TAN, further decentralizing and securing the network.
# Holding Incentives:
Purpose: Reward long-term investors for holding TAN.
Mechanism: Investors who hold TAN for extended periods receive incentives based on the length of time they hold the token. The longer they hold, the more incentives they earn.
Benefit: This encourages a stable holder base, reducing market volatility and supporting the long-term value of TAN. It also enhances the token’s value proposition by rewarding investors for their patience and belief in the network's future.
Last updated