Introduction
Typus Finance simplifies the options products previously dominated by professional institutions, allowing ordinary users to participate easily. With the upcoming TGE (Token Generation Event), what innovations will Typus Finance bring us? This article will discuss the context behind Typus Finance's token issuance from the project's perspective, introducing the $TYPUS token economics and the 'Typus model' method for conducting the TGE.
Figure 1: Typus Finance simplifies options trading, making it easier for users in the Sui ecosystem to participate
Breaking the scene of VC tokens all over the crypto space! An analysis of the context behind Typus Finance token issuance
In the cryptocurrency market, the process of issuing tokens often involves high listing costs and market-making costs. When a project chooses this model, there will be many pressures that force the project side to rely on institutions and exchanges, making it difficult for community users to obtain fair investment opportunities. Therefore, the options project Typus Finance (hereinafter referred to as Typus) on Sui provides a new idea aimed at reshaping the decentralized token issuance model and providing a win-win opportunity for every participant in the Sui ecosystem.
Figure 2: Typus relies on the Sui blockchain's performance to provide high-quality options products
First, Typus is based on the high performance of the Sui public chain, combined with the native DeepBook decentralized order book system, laying a solid foundation for decentralized and fair token issuance. Thanks to many characteristics of DeepBook—processing thousands of orders per second, low latency at the millisecond level, and support for various order types—the decentralized trading experience reaches the smooth level of centralized exchanges (CEX), attracting more retail participants to enjoy fairer trading conditions.
On a solid infrastructure, Typus launches a rare decentralized options product in the market. In general trading markets, options can serve as a hedging tool to help investors effectively reduce risks in volatile markets. Typus' innovative options liquidity pool not only allows market makers to hedge market risks through options but also cleverly awakens dormant funds within the Sui ecosystem through strategic partnerships with multiple lending protocols. For market makers, this allows for continuous liquidity provision in a more stable way with lower risk, avoiding significant risks incurred during traditional market volatility.
Combining its innovative options pool product with various lending protocol strategic partnerships, Typus provides users with a variety of options derivative financial products, and its special mechanism further provides liquidity for market makers, thereby shaping the Sui ecosystem into a sustainably healthy environment and promoting the vigorous development of more Sui ecosystem projects.
For more context on Typus token issuance, refer to the TechFlow article for a more complete description.
Focusing on the joint development of the community and partners! Discussing $TYPUS token economics
The main use of the Typus governance token $TYPUS is staking. When holders choose to stake on the platform, they can enjoy benefits such as voting rights and advanced perks. The total supply of $TYPUS is 1 billion tokens, and from the token distribution by the project, it can be seen that Typus rewards users who promote and use its protocol. The token distribution is as follows:
Figure 3: $TYPUS token distribution chart
Ecosystem: 45%
Community: 35%: Rewards, incentive shares, and various community growth rewards
Funding Pool: 5%: For ecosystem growth, collaboration, and platform development
Airdrop: 4.5%: Given to early users and active participants
Development Use: 0.5%: For promoting Typus Finance
Stakeholders: 45%
Core Team: 25%: The working team behind Typus Finance
Partners: 20%: Strategic partners
Liquidity: 10%: To ensure smooth transactions on the platform
From this token model, it can be seen that Typus focuses on the joint development of the community and partners. Compared to traditional models that give too much share to early investors, $TYPUS invests resources in places that can develop long-term and sustainably for Typus, demonstrating its foresight. However, this distribution also carries potential risks; if community growth and external collaborations do not meet expectations, the high allocation may cause operational pressure.
Figure 4: $TYPUS unlocking schedule
In terms of lock-up, Typus has also decided to implement a 12-month lock-up for its team and partners' holding shares (45%). After the lock-up period ends, these two shares will begin a 12-month linear unlocking. The community share (35%) will also be locked, gradually unlocking over a period of 60 months according to official documents.
On the other hand, for users who want to hold $TYPUS long-term, Typus also provides a ve model (Vote Escrow Model) for staking. This model allows users to choose their staking period to receive special rewards or rights for staking. The longer the staking period, the more ve tokens ($veTYPUS) they can obtain, and the corresponding rewards will be richer; conversely, a shorter staking period will yield fewer ve tokens and rewards. Little Penguin suggests arranging according to the current market cycle and your personal expectations for Typus; the longest or shortest staking period may not necessarily be the best.
Fair token distribution! $TYPUS three-phase token issuance
Figure 5: Typus TGE is divided into three phases for token issuance
First phase whitelist subscription period, lock it in!
Figure 6: The first phase will have different pre-sale quotas based on different whitelist levels, such as the level of Tails NFT
This time there are not many ways to get on the whitelist for Typus token issuance. First, you can buy Tails NFT and stake it to get on the whitelist. As of the time of writing (11/15), a snapshot of holders has not yet been taken, so it is still possible; second, you can participate in community activities organized by various partners to obtain it. Here, I recommend following the official Typus X account for updates.
Users with a whitelist can submit the quantity and amount they wish to purchase during the first phase from 11/19 21:00 to 11/20 21:00 (U+8) and need to make a pre-payment. After the second phase Dutch auction ends, they can claim the purchased tokens and get back any excess payment. For details, please see the next segment's explanation.
The second phase Dutch auction period is here; let's compete with various bidders in the new Typus model!
Figure 7: The second phase adopts a Dutch auction model to determine the final issuance price of the tokens
The four-hour bidding time is the time to compete with various bidders.
When it starts at 11/20 21:00, the bidding price will begin to decrease over time, and during this period, every user can submit the quantity they wish to purchase. A total of 10,000,000 $TYPUS tokens are ready for users to buy. As the last token is sold, the final transaction price is determined. If not all tokens are sold by the end of the time, the tokens will settle at the lowest price.
For example: suppose the second phase Dutch auction is expected to sell 100 $TYPUS tokens. User Xiao Ming purchased 200 $TYPUS tokens at a price of 1 $SUI during the first phase whitelist period, and then during the second phase Dutch auction period, they bought 50 tokens at a price of 0.5 $SUI. Another user, Xiao Mei, purchased 50 tokens at a price of 0.3 $SUI, ending the Dutch auction as the tokens sold out.
Therefore, if the final bidding amount is 0.3 $SUI, then Xiao Ming will buy 250 $TYPUS tokens at the price of 0.3 $SUI, spending a total of 75 $SUI and receiving a refund of 150 $SUI (i.e., 1×200 + 0.5×50 – 0.3x(200+50)).
Recently, I spoke with Typus's CGO Kyrie, hoping that this 'Typus Model' can set a new standard for the market and provide a fairer token issuance form for a broader user base. I also look forward to feedback from major KOLs and the community.
As for the third phase, no news has been announced yet; you can follow the official account for updates.
Conclusion
Typus Finance chooses a different path than previous projects for token issuance, utilizing a fairer and more transparent way to conduct project token issuance. This approach not only combines the characteristics of an options project but also sets a new paradigm for the entire ecosystem. Let's look forward to the exciting developments that Typus Finance and the $TYPUS token will bring us!
About Typus Finance:
Typus Finance is a real yield infrastructure built on the Sui blockchain, allowing users to obtain excellent risk-return rates with just one click. Typus combines exchange, lending, and derivatives protocols to create an options market for long-tail assets. This approach not only enhances the risk-adjusted returns for liquidity providers (LPs) but also deepens liquidity in decentralized finance (DeFi), achieving a win-win situation for all participants.
Typus Finance Official Website https://typus.finance/
Typus Finance Official X https://x.com/TypusFinance
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