$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% token allocation, 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, which will be debited as you use Armor AI. The second option is to stake a significant amount of $ARMR tokens (8 million), which will entitle you to free AI usage. 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 takes a 1% trading fee for all transactions made through the wallet, with the exception of transfers to other wallets, which have no fees. The 1% trading fee is split in 3 parts:
- 50% of the trading fee goes to Armor as the revenue-generating mechanism for the ecosystem
- 25% of the trading fee goes to the NFT holders that invited the user to Armor (Referrals)
- 25% of the trading fee is shared between all of the Armor Codex NFT holders based on the rarity of their NFT
The Armor Codex will include a referral code unique to each NFT. Only Codex holders will have referral codes. 0.25% of a user's trading volume will go to the NFT referral code that the user signed up with. Forever.
Users have 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 to hold the $ARMR token at all. The subscriptions give users access to crypto rewards, and the higher tiers have a discount on their trading fees.
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