$ARMR is a utility-based token that provides two functions to the protocol. First, it's the payment method for the consumption of AI units in the wallet. Second, it is a rewards-claiming mechanism for revenue 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.
The 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 units. First, you have $ARMR in your wallet, and it will be debited as you use it in the wallet. The second option is to hold a significant amount of $ARMR in your wallet (token gating), which will entitle you to a free or monthly discount on AI units. Third, by holding an Armor Codex NFT, which, depending on the rarity, will give you a small discount to completely free access to the Armor wallet. More about the NFTs below.
Users holding large amounts of ARMR are rewarded by paying lower fees for AI units or the AI being totally free. These discounts are calculated monthly and rollover (non-cumulative) month by month. For the discount to be applied, the users need to have held the ARMR token in the ARMR wallet for at least 30 days.
The Armor Codex is an ERC-721 NFT in a collection of 10,000 unique 1 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% commission 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. 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 affiliate links, and all of the rewards will be claimable only by the NFT holder. If a user installs Armor Wallet via an affiliate link, the NFT holder will earn 0.25% 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-organizing 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 token launch.
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 https://league.armorwallet.ai/ and connect your wallet, link Twitter/ X, and then go to the activities section for a list of activities you can do 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. Let's build the best community and the biggest Web3 wallet in the space!
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