The $STRIKE token is the native utility and governance token of the Strike Finance protocol. It plays a key role in collateralising positions, reducing fees, staking to earn protocol revenue, and participating in governance.
Please note that these details have been obtained from the Strike Finance Discord server.
Total Supply and Distribution
There is a fixed supply of 25,000,000 $STRIKE tokens. The token distribution is as follows:
- Public Sale: 60% (15,000,000 tokens)
- Team and Advisors: 15% (3,750,000 tokens)
- Liquidity: 12% (3,000,000 tokens)
- DAO Treasury: 13% (3,250,000 tokens)
This results in an 85% public allocation and 15% allocated to the team and advisors.
Token Emissions
- Initial Circulating Supply: 72% of the total supply (includes public sale and liquidity).
- Team Allocation: Unlocks fully after 30 months, bringing the total circulating supply to 87%.
- DAO Treasury: The remaining 13% will be governed and deployed by the community over time.
STRIKE Token Utility
The $STRIKE token has several functions within the Strike Finance ecosystem:
- Collateral: $STRIKE can be used as collateral for trading perpetual futures (future feature). It provides access to discounted fees and higher leverage. If a position using $STRIKE is liquidated, the tokens are burned.
- Staking: Token holders can stake their STRIKE tokens at beta.strikefinance.org/staking to earn a share of protocol trading fees.
- Governance: STRIKE holders can vote on protocol upgrades, new features, and treasury spending decisions.
- Trading Fee Discounts: STRIKE holders benefit from reduced trading fees. Discounts can be stacked if STRIKE is also used as collateral.
$STRIKE is a core part of the Strike Finance ecosystem. It aligns incentives between traders, token holders, and governance participants. Whether used for staking, collateral, or voting, STRIKE allows users to benefit from the platform’s growth while supporting its long-term decentralised direction.
