$AZUR
The AZUR Token Generation Event.
Onchain Prediction Markets AreHere
With the Azuro Score campaign concluding, we are excited to announce that this week we are launching AZUR, thus:
- Advancing the governance decentralization of the Azuro protocol
- Enabling the development of new products reliant on a native token
- Setting the stage for dynamic economic alignment across various functions like the liquidity pools, oracles and the application/frontend ecosystem through AZUR
Azuro enters this next stage, as the first at-scale onchain implementation of prediction markets utilizing pooled liquidity:
- $380M+ volume
- 5M+ transactions
- 28 applications, generating >$3.2M in revenue in the past 10 months
Azuro is regularly the leading revenue-generating protocol on Polygon, topping household names like AAVE & Curve, and the leading protocol by activity on GnosisChain, ahead of LayerZero & Gnosis Safe.
Azuro’s proprietary liquidity pool the “Liquidity Tree” is the top-ranking USDT pool on Polygon with ~20% unsubsidized returns, derived directly from protocol activity.
This post will outline:
- The mechanics of the imminent TGE
- AZUR tokenomics and vesting schedule
- AZUR planned utility
Summary
- Token launch will happen on Ethereum mainnet Uniswap v3 & CEXs
- The circulating supply at TGE is 15.2%
- The starting price will be set at $0.075
- Circulating mcap at launch: $11.4M
- LP positions in the AZUR/ETH pair will be incentivized with $AZUR
Tokenomics
- Ticker: AZUR
- Token Standard: ERC-20
- Total Supply: 1 billion
- Initial Circulating Supply: 152 million
- Starting price: $0.075
- Circulating mcap at launch: $11.4M
- Launching on: Uniswap V3 & CEXs
- DEX pair: AZUR/ETH
Distribution
Vesting Schedule
Ecosystem & Community Incentives
37.5% of AZUR is allocated to developing the Azuro ecosystem.
92M AZUR (9.2% of the total supply) will be unlocked at the TGE. The rest of the allocation includes the 3% Azuro Score airdrop vesting linearly over 6 months, while 25.3% has a 6-month lockup, after which it unlocks linearly over next 42 months. It will be used for the upcoming Azuro Waves incentive program, DEX liquidity provision incentives, as well as an Ecosystem fund, infrastructure initiatives, and more.
DAO Treasury
60M (6% of the total supply) of AZUR is available at TGE and will be used to support AZUR liquidity both on- and off-chain.
The remaining 75M AZUR (7.5% of total supply) are locked for 6 months followed by 30 month linear vesting. It will be used for initiatives that help advance an open predictions & betting industry that is portable, composable, more fair and more fun, onchain.
Investors
The investor allocation represents tokens obtained by value-add investors backing Azuro protocol’s development. Investors are locked for 6 to 9 months, followed by 24 to 30 month linear block-by-block vesting. No investor tokens are unlocked at TGE.
Core Contributors
This portion of the AZUR allocation represents the distribution to the core development team, advisors and partners who have worked on the protocol. All core contributors are locked for 1 year, followed by 30 months linear, block-by-block vesting. No core contributor tokens are unlocked at TGE.
AZUR Utility
- Governance: AZUR will be used to vote on governance proposals on matters regarding the Azuro protocol, such as General risk management frameworks, New product prioritization, Ecosystem and Community grants, The rewards distribution mechanisms for protocol participants, Infrastructure integrations, and others.
- Predictions in AZUR: an AZUR Liquidity Pool with zero odds-spread. A pool in the native token with no house edge, thus powering the most appealing prediction markets for price-sensitive users, in the world.
- The SuperCombo Game: participants can predict 15 different events packaged as a combo bet using USDT (or another stablecoin) for a chance to win a big Jackpot in AZUR (if they hit all 15). The game is powered by AZUR holders staking their AZUR in the dedicated SuperCombo liquidity pool, earning stablecoin rewards from user activity.
- Azuro Ecosystem Rewards V2: currently the Azuro economy is flat allowing only one reward level for applications/frontends. Rewards V2 will introduce a tiered rewards distribution system through a dynamic AZUR bribing mechanism.
- Staking: staking rewards via the Azuro Zero Emissions Model (ZEM)
FAQ (updated in progress)
How was the starting price decided?
$0.075 was the lowest price/valuation at which funds were raised privately in the past 18 months.
Why launch on Ethereum mainnet?
We see Ethereum as the most decentralized, safe and respected smart-contract blockchain. We have been inspired by and aligned with Ethereum values from the outset and have developed Azuro as an EVM-compatible solution until now. Ethereum is the natural home for AZUR from the outset.
Do you plan to have the token on an L2, as well?
Yes, timing and chain to be confirmed.
When exactly is the launch?
Tuesday, June 18 or Wednesday, June 19, exact time not to be announced.
Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps.
With its unique infrastructure layer approach, Azuro makes onchain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs.
- Website: https://azuro.org/
- Docs: https://gem.azuro.org
- Github: https://github.com/Azuro-protocol
- Onchain activity: https://dune.com/azuro/stats
