$ARMR is a utility based token providing two functions to the protocol. First it's the payment method for consumption of AI units in the wallet. Second it is a rewards claiming mechanism for revenue generated by the protocol.
Armor will be having an initial presale of 60% of the tokens sold in 4 rounds, each round increasing the quantity sold and the price of the token. The presale will have a limit no per wallet but the goal to add as many users as possible on launch day with a max presale limit of $6.58m. 10% of the presale will be used as liquidity and market making and DEX LP will have a 6 month lockup. Airdrop tokens will be claimable by holders on launch day.
Team will have a 5% released 6 months after TGE with a 3 month linear vesting.
Use of proceeds is as follows.
Token distribution.
The ARMR token is used to purchase AI units (a mix of compute and data units). Users will spend the ARMOR token every time they interact with the AI assistant. Fees and pricing chart to come.
There are three ways users can pay with AI unites. First you have $ARMR in your wallet and it will be debited as you use it in the wallet. Second option is to hold a significant amount of $ARMR in your wallet (token gating) which will then entitle you to free or a discount on AI units per month. Third, by holding a Armor Codex NFT which, depending on the rarity will give you from a small discount to completely free access to the Armor wallet. More about the NFTs below.
Users that hold large amounts of ARMR are rewarded by either paying lower fees for AI units or they can be totally free. These discounts are calculated on a monthly basis and rollover (non-cumulative) month by month. The discount to be applied the users needs to have held the ARMR token in the ARMR wallet for at least 30 days.
The Armor Codex is a ERC-721 NFT in a collection of 10,000 unique 1 of 1 NFTs on the Base blockchain. Each NFT contains traits that define their uniqueness and rarity in the collection. Based on the rarity level this will give the user a discount on the AI unit purchase fee.
Armor Wallet has a 1% commissions on it. 0.25％ will go to the Armor Codex NFT holders and 0.5% goes to the Armor project for operations expensive. The commission will be distributed to NFT holders based on the rarity of the NFTs.
The Armor Codex will include an affiliate link unique to each NFT. Only Codex holders will have affilate links and all of the rewards will be claimable only by the NFT holder. If a users installs Armor Wallet via an affiliate link the NFT holder will earn .25% of all of the trading volume created by that user. Forever.
Armor believes in community driven efforts crypto is unique in that it's a self organising community of financial people. No big corporations to structure what or how we can behave or decide on what we can and can't do. In this way we want to reward our community and their participation with a public airdrop of ARMR tokens at the launch of the token.
We are allocating 10% of the total supply to airdrop participants. To join the airdrop and become part of our community all you have to do is go to xxxxxxxxxxxxx and then connect your wallet, link twitter/x and then go to the activities section for a list of activities you can do in order to increase your chances for a fat airdrop.
The more activities you do and the more you join the Armor Wallet community the higher the multiple you will have on TGE. Lets build the best community and the biggest web3 wallet in the space!
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