In the latest X Space, we had the chance to dive into some of the most important questions from our community about the upcoming PARK token and EarnPark’s future. Eugene Netso shared key insights on everything from token distribution to governance, and how EarnPark plans to revolutionize the crypto investment space.
Will the PARK token airdrop for participating in the PARK Lounge happen at the end of the promotion, or will it align with the Tier 2 sale?
The token airdrop for PARK Lounge participants will occur after the DEX listing, which is scheduled for Q4 2025. The distribution process will follow the completion of the promotion and the verification of participants via KYC. After all the earned PARK Points are calculated and the eligibility of participants is confirmed, the distribution will take place. While the Tier 2 sale is planned for Q2 2025, the token distribution will be aligned with the end of the promotion and after the DEX listing, ensuring a seamless process for participants.
Can you share any details about the governance model for the PARK token?
EarnPark plans to implement a decentralized governance model with the PARK token, giving holders voting rights on platform decisions. The number of tokens held will determine the voting power, meaning the more tokens a participant owns, the stronger their influence. However, to avoid disproportionate control by large holders, EarnPark will use quadratic voting. This method ensures that the cost of additional votes increases, allowing for a more balanced and equitable governance system where smaller token holders can still have a meaningful say in the platform’s future.
Will there be a seed funding round, and are any partnerships in the works?
The seed funding round is currently in discussion. Details about the round will be shared once it’s finalized. As for partnerships, there are some exciting collaborations in the works, but the specifics will be disclosed at a later time. EarnPark has several potential partners and is focused on ensuring the right strategic partnerships are in place to help grow and scale the platform effectively.
What is the primary use case for EarnPark?
EarnPark’s main goal is to provide users with an accessible and secure way to earn passive income through crypto investment strategies. The platform aims to democratize access to investment strategies that were previously only available to large investors. EarnPark solves the problems of high entry barriers in traditional finance and the complexities of DeFi by offering transparent, easy-to-understand investment options that cater to a wide audience. EarnPark aims to simplify crypto investing and make it more accessible for everyone.
How does EarnPark provide such high APYs? Are the returns tied to high risks?
EarnPark can offer high APYs by utilizing a combination of strategies, including market making, liquidity providing, and other yield-generating opportunities. These strategies take advantage of market inefficiencies to deliver attractive returns. However, EarnPark is committed to managing risk effectively, and each strategy is carefully tested and optimized to strike a balance between high returns and reasonable risk. Strategies like Algo Trend are designed for long-term investing (at least a year), and while they might show negative returns in the short term, they offer significant potential for returns over time.
Why do some of EarnPark’s investment strategies have delayed withdrawals?
Some investment strategies, like market making, have delayed withdrawals to optimize returns. By limiting withdrawal frequency, funds can stay invested longer, generating higher returns for participants. This strategy helps to maintain a more predictable APY and optimize strategy management.
Will the PARK token have a specific use case? If so, what will it be?
Yes, the PARK token has several key use cases designed to enhance the EarnPark platform and its ecosystem.
First, it plays a crucial role in liquidity mining, where users earn additional PARK tokens by providing liquidity to platform strategies. Early participants can earn boosted rewards, which incentivizes both initial and ongoing investments.
Secondly, the PARK Lounge program allows users to earn PARK tokens through marketing and platform testing activities. This helps boost platform visibility, drive audience growth, and foster community loyalty.
The token is also integrated into staking and yield boost programs, allowing users to lock their PARK tokens for either fixed or flexible periods to earn rewards. The longer the lock period and the larger the stake, the higher the yield boost, helping users increase their overall APY.
PARK token holders will also enjoy exclusive access to high-demand strategies, AI agents, and personalized investment tools. These AI-driven features will help users optimize their strategies and maximize returns.
In terms of governance, the PARK token gives holders a direct say in decision-making, with voting power based on the number of tokens they hold. But beyond governance, we’re also working on shaping the broader ecosystem – figuring out the key roles within it and how to make the product as transparent as possible for users. In this setup, the token will also serve as a way to reward those who take on meaningful roles and contribute to the platform.
Overall, the PARK token is designed to incentivize active participation, long-term engagement, and governance within the EarnPark ecosystem, offering a range of benefits to users and fostering a community-driven platform.
Can you explain the PARK token allocation when it launches?
Investors will receive a portion of the tokens for supporting the initial phase of the project. This funding will help grow and expand the platform in its early stages.
The largest share will go to the community. These tokens will be used for marketing, user rewards, liquidity incentives, and staking programs. The aim here is to attract new users and create an active, loyal community that’s engaged in the platform’s success.
Core contributors, like the founding team, advisors, and key participants, will also receive a share. This is to ensure they remain committed to the platform’s long-term growth and development.
A portion of tokens will also be allocated for partnerships. This will support collaborations with key partners, advisors, and regulatory bodies, which are crucial for building a solid foundation for the platform.
Finally, there will be a portion set aside for liquidity. These tokens will ensure there’s enough liquidity on exchanges to support market-making activities, making it easy for users to trade the token.
Each of these categories is designed to align the interests of all participants with the long-term success of EarnPark, ensuring the token distribution supports the ecosystem effectively.
Are there any plans for token burning or other mechanisms to control supply?
To keep control over the token supply and manage inflation, there are two possible approaches for any unsold tokens from each tier. They can either be burned, which would reduce the total supply over time and potentially increase scarcity, or they could be used in a future sale to support further development and growth of the product. The best approach isn’t decided yet, but the goal is to strike a balance that benefits both the ecosystem and long-term token value.
Aside from the airdrop for Galactica members, will there be other ways to participate in the token sale?
There are two ways to participate.
First, there’s the PARK Lounge airdrop – EarnPark’s points-based program where users earn PARK Points by completing different tasks. The more points users have, the bigger their share of the $1,000,000 airdrop.
The token sale will take place on May 15th. For those looking to participate early, joining the waitlist ensures exclusive access to Tier 1 pricing.
Stay tuned for future updates – and thank you for being part of the EarnPark journey!