Tokenomics
Understanding the economic model and utility of Ihram Token (IHT)
Token Overview
Ihram Token (IHT) is designed with a sustainable economic model to support long-term growth and utility with a sustainable economic model to support long-term growth and utility within the pilgrimage ecosystem. Our tokenomics are structured to ensure the token maintains its value while providing tangible benefits to all stakeholders in the ecosystem.
IHT serves multiple purposes within our platform, from facilitating transactions to enabling governance participation. The token's utility is deeply integrated into every aspect of the Ihram ecosystem, creating natural demand and circulation.
Token Distribution
Allocation Breakdown
Community Rewards (30%)
Allocated for staking rewards, liquidity mining, and community incentives to encourage platform adoption and usage.
Development Fund (20%)
Reserved for ongoing platform development, technical improvements, and ecosystem expansion.
Liquidity Pool (15%)
Dedicated to ensuring sufficient market liquidity across various exchanges and trading platforms.
Team & Advisors (15%)
Allocated to the founding team and advisors, with a 2-year vesting period and 6-month cliff.
Marketing (10%)
For marketing initiatives, partnerships, and awareness campaigns to drive platform adoption.
Reserve (10%)
Strategic reserve for future initiatives, unexpected challenges, and ecosystem stability.
Token Release Schedule
IHT tokens will be released gradually over a 36-month period to ensure market stability and sustainable growth.
Token Utility
Payment & Discounts
- Pay for pilgrimage services with up to 30% discounted rates
- Reduced transaction fees when using IHT for payments
- Priority access to limited accommodation options
Governance & Voting
- Voting rights on platform development priorities
- Proposal submission for new features and improvements
- Participation in service provider verification process
Staking & Rewards
- Earn halal returns through the Pilgrimage Savings Protocol
- Liquidity provider rewards for contributing to token pools
- Referral bonuses for bringing new users to the platform