$ARMR is a utility-based token that provides two functions to the protocol. First, it's the metering for the consumption of AI units to use Armor Wallet. Second, it is a claiming mechanism for rewards generated by the protocol.
Armor will have an initial presale of 60% of the tokens sold in 4 rounds, each round increasing the quantity and price of the token. The presale will have a limit per wallet, but the goal is 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.
The team will have a 5% released 6 months after TGE with a 3-month linear vesting.
Use of Proceeds
Token Distribution
The ARMR token is used to meter the use of Armor AI, it consumes AI units (a mix of compute and data units). Users will spend the ARMR token every time they interact with the AI assistant. Fees and pricing chart to come.
There are three ways users can pay with AI units. First, you have ARMR in your wallet, and it will be debited as you use it in the wallet as you use Armor AI. The second option is to stake a significant amount of ARMR tokens (6 million), which will entitle you AI units to spend. Third, is through a subscription service similar to web2 products where you pay a monthly fee and can use Armor Wallet.
Users holding large amounts of ARMR are rewarded by paying lower fees for AI units with ARMR tokens.
Armor Wallet has a 1% trading fee on it. 0.5％ will go to the Armor Codex NFT holders, and 0.5% will go to the Armor project for expenses and operations. Of the .5% going to NFT holders, 50% of that goes to the NFT with the referral code used by the user and the other 50% is distrobuted to the NFT holders based on the rarity of the NFT.
The Armor Codex will include an referral code unique to each NFT. Only Codex holders will have a referral codes, 0.25% of a users trading volume will go to the NFT referral code that user signed up with. Forever.
Users has a second way to use Armor Wallet which is a simple monthly subscription fee. With a subscription you get a fixed amount of Armor AI credits per month so you don't have hold the ARMR token at all. The fee gives users access to special rewards and the higher tiers have a discount on their trading fees.
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