# The PKM Token ![](https://3311004047-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdJ1Md6Z6KVLveY3kkBvz%2Fuploads%2FzfFkprLE2D5qLawFowgF%2Fpkm_cover.png?alt=media\&token=b0fc16a6-5a00-4f09-9a42-3751b1d4c870) **PKM** is a utility token on [Hive-Engine](https://hive-engine.com/faq) that will be distributed to PeakMonsters users as a Reward. This token will allow the PeakMonsters community to both take part in PeakMonsters' profits and access additional tools, features and special events.\ \ **HOW TO GET** \ **PKM** will be distributed (airdropped) to users of the PeakMonsters.com marketplace. There will be a weekly distribution based on PeakMonsters tiers. There will also be Bonus distributions for large purchases. We reward the total amount of purchases above ($10+) totals during a 30 minute time period (previously it was assessed for every blockchain transaction) . **March 23rd 2022** there was one large initial airdrop based on (PeakMonsters) users tiers- these were determined by the market volume in the past 52 weeks.\ More info here:[HOW TO GET PKM AIRDROPS?](/how-to-get-pkm-airdrops) This website ([pkm.peakmonsters.com](https://pkm.peakmonsters.com/)) contains all details about the token, how it will be distributed and the utility for the holders. **LAUNCH SCHEDULE 2022** * March 7th - Announcement and creation of PKM * March 14th - Start of the PKM:SPS pool with initial liquidity provided by the team (Buying enabled) * March 18th - First PeakMonsters tournament (w/ PKM rewards) * March 21st - Start of Large Transaction Bonus-Airdrops (9am UTC) * March 23rd - "The Big Airdrop" for last 52 weeks * March 24th - Start of PKM:SPS reward pool * March 30th - Start of the weekly airdrops **OFFICIAL POST**\ You can also read the official announcement post for more information and details or to share feedback and interact with the team and the community: # What To Do With PKM PKM is a Hive-Engine token. You can trade it freely on [Tribaldex](https://tribaldex.com) or [BeeSwap](https://beeswap.dcity.io/). When you get tokens (whether airdropped or purchased from markets) you will be able to do many things with them. Some common use cases for it: * **HOLD:** They are your tokens. You can always choose to do nothing with them and just "**HODL**" them and wait for them to go up in price. * **USE:** We plan implement new advanced services for our loyal users only that will require PKM. Also , we will create **tournaments** that require PKM for entry. * **POOL:** We are creating an SPS:PKM Liquidity Pool. The shareholders in this pool will share in PeakMonsters profits through Daily Rewards. * **SELL:** There will an option swap PKM for SPS using Liquditity pool. Also the ability to exchange with other users for SWAP.HIVE on sites like [Tribaldex ](https://tribaldex.com/trade/PKM) * **BUY MORE**: Using the SPS:PKM Liquidity pool will usually best but you can check [buy-sell market](https://tribaldex.com/trade/PKM) \--------------------------- **`The benefits of a PKM:SPS Liquidity Pool`**\ `We want the PKM tokens, to not just exist but, to be able to be bought and sold and to have liquidity and price stability. These things are possible via Liquidity Pools. We are pairing PKM together with SPS which is Splinterlands main token "Splintershards".` `Most of our users have SPS and/or know how to get it. SPS is easily and directly tradable for HIVE, DEC, BNB and several other tokens.` Discussed more in [Liquidity Pool & LP Rewards](/liquidity-pool-and-lp-rewards) # Token Dynamics The Current amount in circulation is and will always be very different from maximum possible. The maximum total supply of PKM tokens is 500,000,000 which we plan to allocate as follows: | Source | Max Possible | % of Total | | ------------------------- | --------------: | ---------: | | Airdrops | 375,000,000 | 75% | | Partnership opportunities | 50,000,000 | 10% | | Provide Liquidity | 25,000,000 | 5% | | LP Rewards | 25,000,000 | 5% | | Team | 25,000,000 | 5% | | **Total** | **500,000,000** | **100%** | **Tokens only enter circulation based on specific criteria. The MAX supply is designed to handle a 10x increase in market use over the next 10 years. However, at current rates, MAX supply may not be depleted for \~100 years. We suggest paying attention to the actual number of Issued/circulated tokens.** **AIRDROPS** Most of the tokens are set aside to be airdropped to PeakMonsters users. For additional details about the rules of the airdrop please refer to: [HOW TO GET PKM AIRDROPS?](/how-to-get-pkm-airdrops) `As an example: during the initial drop we expect to distribute ~2-2.5 million tokens to users.` **PARTNERSHIPS** 10% (50m) will be set aside for potential **partnership opportunities** which can make the token or the PeakMonsters.com site more successful. The goal is for this to last 10+ years. *`We do not have immediate plans for this pool so they will remain out of circulation until further notice, we will announce any partnerships on this blog`* [*`@peak-monsters`* ](https://peakd.com/@peak-monsters) **PROVIDE LIQUIDITY** You can read more about why Liquidity Pools are beneficial here: [Liquidity Pool & LP Rewards](/liquidity-pool-and-lp-rewards) 5% (25m) has been set aside for the team to request from to add to the Liquidity Pool. It's important to note: \ \- Team account or team members will provide the corresponding SPS for the pool.\ \- The PKM:SPS DOES NOT go into their own accounts. \ \- Team account or team members cannot freely use this pool for themselves for a year.\ \- Team members using these PKM tokens to provide liquidity WILL NOT receive LP Rewards during this year. `Approx. 2 Million PKM from this pool will be used at the beginning to provide liquidity and, as explained above, the team will provide the SPS.` `There is a likelihood that this pool never gets fully used because it does require SPS to be personally acquired and risked to add to the other side of the pool and team members may choose to instead buy PKM themselves so that they can earn LP rewards in their own accounts.` **LP REWARDS** 5% (25m) has been set aside as Rewards for shareholders in the LP. To start we will be adding 1 million PKM to the Reward pool. The goal is for this to last 10+ years. **TEAM** 5% (25m) will be used as an incentive to @PeakMonsters team. We will airdrop PKM monthly from this pool to the @peakmonsters account proportionally to the main airdrop. We are planning a 1:10 ratio, meaning if users get 3 million in a year PeakMonsters will get 300k. \------------------- ### SPENDING AND BURNING We plan on creating new advanced products for PeakMonsters.com that will require PKM and the PKM received will not go to the PeakMonsters market... instead these are the options for those tokens: 1. Burn the tokens 2. Put the tokens back in the Airdrop Pool (for sake of pool longevity) 3. Put the tokens in the LP reward pool 4. Give tokens to PKM tournament organizers
# HOW TO GET PKM AIRDROPS? Details about the PKM airdrops \ **AIRDROP MAX SUPPLY** = 375 million PKM\ **INITIAL AIRDROP** (estimate) = 2 - 2.5 Million\ **LARGE PURCHASE BONUS** (yearly estimate)= 600k **PEAKMONSTERS AIRDROPS** The main distribution mechanism for the PKM token is through airdrops. The amount airdropped will be based on purchases made through PeakMonsters. The more activity, the more tokens that will be Airdropped. However, there is a max allowed for the airdrop which is 375 million. `NOTE: More sales on peakmonsters.com will also result in a larger Rewards given to PKM LP providers.` `NOTE 2: Sales, not rentals. It is presently not technically possible to track rental volume in the same way as sales volume due to the huge number of micro transactions. If this becomes possible in the Splinterlands API we can add this.` ### **TWO MAIN METHODS** The airdrop is based on two key metrics: **Yearly Sales Volume** and **Large Purchase Bonus**. **\[STARTING MARCH 21ST] - "LARGE TRANSACTION BONUS-AIRDROPS"**\ Large market purchase will be rewarded with a small amount of PKM. We presently consider transactions of **$10 and up** to qualify. As of Dec 13th 2022 it was switched to count your total purchased during a 30 minute window (which benefits bids and non card market) The number of tokens awarded increases the larger the transaction. View the table on this page: [Large Purchase Bonus](/how-to-get-pkm-airdrops/large-purchase-bonus) **\[MARCH 23RD] - "THE BIG AIRDROP"**\ We will reward users for the last 52 weeks of volume based on your Tier. It is based on a .3x of your yearly market volume for your tier. [Tier Based Airdrop](/how-to-get-pkm-airdrops/tier-based-airdrop) *`We estimate this initial drop to be about 2-2.5 million tokens, but it is not possible to give the exact number as tiers change daily and more activity may come to peakmonsters.com marketplace after the PKM announcement.`* **\[STARTING MARCH 30TH] - WEEKLY AIRDROPS** Starting March 30th we will continue to distribute at a weekly rate based on Tiers. View the table on this page [Tier Based Airdrop](/how-to-get-pkm-airdrops/tier-based-airdrop) \----------------------------------------------------------------------- **AIRDROP ABUSE PROTECTIONS** 1. Only peakmonsters.com purchases with fees above 3% will be counted to determine tier and for the bonus-airdrops. 2. To avoid abuse from potential "self-buying" of PKM we will lower the PKM drop if PKM price becomes more valuable than the fee cost it takes to get the tokens. \------------------------------------------------------------------------ **QUESTION: WHY A LIMITED AIRDROP SUPPLY?**\ There is a limited supply for the PKM token which means a limited airdrop. At today's market rates it may still last \~100 years but if Splinterlands and PeakMonsters continue to grow then it will potentially run out much faster.\ \ IF the airdrop runs out we believe we still have some great options: 1. We can survey token holders before it runs out if they would like to decrease rates of the airdrop so it may last longer. 2. We can let the airdrop pool run out and then PeakMonsters can switch to a new decreased airdrop where PeakMonsters market uses some profits to buy PKM from the market to distribute it to users while a now non-inflating token may have beneficial implications that users appreciate. 3. We already plan to create some new features that will require users to "spend" PKM token to have access. At the beginning we may burn those tokens, but going forward we may collect them to be used as a refill for the airdrop pool or add as rewards for LP. # Tier Based Airdrop Start of the weekly distributions based on tiers will be on March 30th, 2022. **We are doing a full 52 week airdrop at the start (March 23rd, 2022) to reflect the prior 12 months market volume then we will continue with a weekly distribution a week later.** The rate is 0.3x the volume but for your reference we have provided a table. Tier 2 is only rewarded during initial airdrop
Tier (12 month Volume)Weekly (PKM)Yearly Estimate (PKM)
2 ($10) Initial OnlyNA2 (Initial Only)
3 ($50)0.28815
4 ($250)1.44275
5 ($750)4.327225
6 ($1500)8.654450
7 ($3000)17.308900
8 ($6000)34.6151800
9 ($9000)51.9232700
10 ($15000)86.5384500
11 ($25000)144.2317500
12 ($50000)288.46215000
13($100000)576.92330000
14 ($175000)1009.61552500
15 ($250000)1442.30875000
{% hint style="info" %} **AIRDROP ABUSE PROTECTIONS** 1. Only peakmonsters.com purchases with fees above 3% will be counted to determine tier. 2. To avoid abuse from potential "self-buying" of PKM we will lower the PKM drop **IF** PKM price becomes more valuable than the fee cost it takes to get the tokens. {% endhint %} \---------------------------- **HOW TO VIEW YOUR TIER**\ To view your PeakMonsters.com tier go to your profile page on PeakMonsters.com ![](https://3311004047-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdJ1Md6Z6KVLveY3kkBvz%2Fuploads%2FYEKrKlqiVWAgZyg95J07%2Fimage.png?alt=media\&token=bc61ad9c-6c76-428e-8273-67648abe937b) # Large Purchase Bonus Each large transaction is rewarded with PKM These transaction based airdrops will be distributed approx 30 minutes after an order (bid orders included). Beginning Dec 13th 2022 the system now tracks ALL orders done in a 30 minute window, both bids and manual purchases. `NOTE: The amount of the order that qualifies for the airdrop is the actual amount spent as reported by Splinterlands. When purchasing multiple cards there is a possibility that some of them are not on the market anymore once the transaction is processed and will not be considered.`
Amount (USD)Quantity (PKM)
10 USD1
20 USD2.25
50 USD6
100 USD12.5
250 USD35
500 USD75
2000 USD350
5000 USD1000
10000 USD2200
{% hint style="info" %} **AIRDROP ABUSE PROTECTIONS** 1. Only peakmonsters.com purchases with fees above 3% will be counted to determine bonus-airdrops. 2. To avoid abuse from potential "self-buying" of PKM we will lower the PKM drop **IF** PKM price becomes more valuable than the fee cost it takes to get the tokens. {% endhint %} The team reserve the right to adjust the airdrop limits and add/remove tiers according to market usage. # Liquidity Pool & LP Rewards `NOTE: LP REWARDS START ON MARCH 24th` **PKM:SPS LIQUIDITY POOL** This pool allows users to exchange tokens between SPS and PKM. You can read how to [swap back and forth here](https://peakd.com/hive-126911/@pkm-token/liquidity-pool-live--1st-partnership). You can access the pool on [BeeSwap](https://beeswap.dcity.io/swap?input=PKM\&output=SPS) or [TribalDex](https://tribaldex.com/dieselpools/pools) **INITIAL PKM:SPS LIQUIDITY**\ As described in [Token Dynamics](/token-dynamics) some PKM was set aside to help increase the size of the PKM:SPS pool. `The amount added at launch of the pool was 810k SPS and 8.1Million PKM. The SPS was provided by team members and a partnership with Splinterlands. Team contributions of SPS were brought in from their own personal holdings (putting their money and faith in the project). The @`*`PeakMonsters account itself will eventually also add to the Liquidity Pool.`*\ \ **USER CONTRIBUTIONS** After creation of PKM:SPS any account is allowed to add PKM:SPS to this pool\ \ **LP REWARD POOL** \ Rewards will be given to contributing users to incentivize a large more stable PKM:SPS pool. PeakMonsters team will donate profits to a contract-pool that will contractually and daily distribute tokens to users that add to the PKM:SPS pool. Before tokens are sent to the distribution contract the token donations will be set aside in this account [@pkm-reward](https://peakd.com/@pkm-rewards/wallet/hive-engine). In practice the more activity on peakmonsters.com market the more value will be added as rewards. **LP REWARD POOL PERIOD** We are starting with a **120 day period**. This means that the total rewards will be distributed during that 120 days. Immediately after starting the reward pool period we will start saving up for the next one (@pkm-reward account) We reserve the right to add to the reward pool before each period ends. `This is the best and fairest technical method to interact with the hive-engine contract.`` `*`If Hive-engine creates a new distribution method we can adapt.`*` ``We will try to keep the length between 90-180 days.` \ **INITIAL REWARDS**\ As of March 17th the initial rewards are ![Example: $50,153 distributed over 120 days would be $417 a day](https://3311004047-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdJ1Md6Z6KVLveY3kkBvz%2Fuploads%2FfisCGoNy377NHbCuIYEc%2Fimage.png?alt=media\&token=c9b536c5-1dc2-455a-b8dd-834816340c9f) **TOKEN REQUESTS** *We will look to our users to see what tokens they would like in the pool. This may result in swapping tokens for others including buying PKM from the market to add to the reward pool.* ***Restrictions on team member liquidity***\ Team members getting PKM set aside to help Liquidity will **not** be eligible for Liquidity Pool Rewards. Also they will **not** be able to pull their liquidity for a minimum of 12 months or they will forfeit the PKM split. Team members may opt to just buy PKM like other users to be able to access profit sharing and not lock up their SPS. **TOURNAMENTS**\ Each month we will donate some profits to tournaments as requested by our tournament organizer. `NOTE: There is no pool of PKM that is freely available for tournament prizes so any PKM awarded during tournament must have been purchased by PeakMonsters or collected via tournament entry fees.` **----------------------------** \ **QUESTION: STAKING VS LIQUIDITY POOLS** Staking requires less work and less risk than adding tokens to a liquidity pool so we understand why people are interested in it... we all want to "earn more while doing less." * First of all we PeakMonsters.com and PeakD.com will work on developing easier UI (user interface) for adding and removing from Liquidity Pools to reduce the work needed. * Secondly we believe for the long-term stability of the PKM token it is important to create larger liquidity pools and also to reward those who provide more to the ecosystem and potentially risk more. "What we obtain too cheap, we esteem too lightly" -Thomas Paine * Staking systems can work well as a way to inflate a currency to already invested parties. We have already decided primary inflation of PKM comes as bonus airdrop to those using PeakMonsters.com marketplace. * Additionally the technology provided by Hive-Engine was simple and already developed. We can donate profits to the contract and the contract will be responsible for fair and consistent distributions. \
# How-To Add Liquidity `NOTE: LP REWARDS START ON MARCH 24th` **STEPS FOR ADDING LIQUIDITY**\ Choose one of the following sites \ [BeeSwap (direct link)](https://beeswap.dcity.io/swap?add_liquidity\&pool=DEC:SPS) [TribalDex (Choose PKM:SPS)](https://tribaldex.com/dieselpools/add) ![](https://3311004047-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdJ1Md6Z6KVLveY3kkBvz%2Fuploads%2FFaapDTYSKwDwU8q7U0kO%2Fimage.png?alt=media\&token=f7052b16-f529-49fd-8c2a-78a664f2adb2) `NOTE: These images will be updated once the Pool Exists` STEP 1: Choose the PKM:SPS pool \ STEP 2: Choose an amount for one of the tokens... the other side will be automatically calculated\ STEP 3: Click this button to send both tokens to the Liquidity Pool. \--------------------------------------- **QUESTION: FEES?** There is no fee to add or remove from the liquidity pool. There is a .25% fee to use the pool to swap back and forth from PKM to SPS LP providers receive extra PKM and SPS whenever the pool is used to swap tokens. **QUESTION: CHANGE OF VALUE?** Whenever a swap is done the proportion of tokens in the pool changes and that includes your proportion (balance) you have added to the Liquidity Pool. The two sides (PKM and SPS) will be equal in the pool and for you they will be equal in value if you ever withdraw. # FAQ
Why use Hive-Engine? Hive-Engine is the most used Hive sidechain supporting smart contracts and tokens. Also it's already integrated and used by Splinterlands and most players are already familiar with it.
Why a DIESEL POOL? Using Hive-Engine based "Diesel Pool" has several interesting benefits. Hive blockchain doesn't require fees for transactions. Also diesel pools allow for Reward Pools to those who help provide Liquidity into the Liquidity Pools. (we explain the benefit of this below). Diesel Pools have been used to swap hundreds of millions of dollars of tokens and are accessible to all our Hive based users. We believe we can also integrate user interfaces into our websites to make adding to these pools and swapping easier.
Other utilities for PKM? At launch Liquidity Pools and Tournaments will require PKM, however we will develop many new features that will require PKM \ \ You can make suggestions here:
Why no simple staking? This was explained on the [Liquidity Pool & LP Rewards](/liquidity-pool-and-lp-rewards) page
What about accounts that buy cards from their own alt accounts? It is possible for users to buy cards from friends or their own alt accounts. It's quite literally impossible to prohibit and that was always understood. A minimum market fee is required for a purchase to qualify for the airdrop, but still we want to help people understand that a user paying the market fee of 3-5% could essentially acquire PKM via this method. **EXAMPLE: Under current airdrop model**\ A single $10,000 purchase can result in a 2200PKM bonus drop and could cost $300-500 in fees via this method ($0.136 - 0.227 immediate cost for those tokens) \ However same purchase can qualify someone for tier 9 and 52 weeks of airdrops totaling another 2700PKM. **POSSIBLE IMPLICATIONS**\ This also means that that IF price keeps going up and users keep getting tokens via this method then the airdrop pool may not last as long as we originally indicated so we want people to be aware of that as the 500M cap on the token is a hard cap and most of that goes to the airdrop. However, we have already explained some methods we can do to repopulate PKM into the airdrop and thereby extend it. **POSSIBLY NEVER ACTUALLY USED**\ This is all theoretical because in part prices may never be such that any person does this instead of just buying straight from liquidity pools OR the airdrop can be modified if this potential mechanism causes problems for the airdrop users and the team decide to rectify.
Who controls the price of PKM? If you're asking what the price is going to be... Our team has no idea what it will be and nothing that we say should ever be construed to imply we have a clue... because we don't. However, we admit we may create amazing products that motivate users to want to want more PKM.\ \ We do know that on the 14th of March we will add liquidity to the PKM:SPS pool at a 1:10 ratio meaning that for at least a couple of seconds the price will be 1/10th that of SPS. But after that the market will determine prices. (P.s. Anyone can create and populate a liquidity pool for PKM this just happens to be the one we're creating to begin with.)
How much PKM do I "NEED"? New features will roll out over the course of the year and beyond. You do not "NEED" any PKM to use the site the way it is now. To use future features the amount of PKM will be minimal. You will never "NEED" large amounts of PKM at any time. However there may be reasons YOU decide to get more PKM ("WANT") and that is your decision. One potential reason is the rewards given from the PKM:SPS liquidity pool which starts on March 23rd.
Any plans for integrating PKM into PeakD.com? PeakD plans on allowing tipping of PKM in the future on posts. PeakMonsters would happily buy PKM in order to tip users that write about PeakMonsters.com features. If you have other use cases please let us know
Have you thought about ...? Maybe, maybe not... but if you want to share it with us please feel free to do so We are for sure looking for more ideas on how to utilize the PKM token.