The TAKE Token

Name: Takepile Ticker: TAKE Total Supply: 10,000,000 Chain: Fantom Contract: 0xE9e5a97aCc59BB68813bF368487fBFfd0a39713b The Takepile token (TAKE) is the reward and utility token of the Takepile Protocol. TAKE can be earned through trading on Takepile, single-staking pileTokens and liquidity mining in the LP vaults.

The TAKE token's main utility is to be staked on piles to earn fee share. Accumulated pileTokens can be claimed at any time from a pile. TAKE is also required to use different tiers of leverage on Takepile.

Example: The DAI-10x Pile has 90 TAKE staked, and you deposit 10 TAKE onto the pile, bringing the total amount of TAKE staked up to 100. You would receive 10% of all fee share accumulated by the DAI-10x Pile, rewarded in pileDAI-10. This pileDAI-10 can then be swapped for DAI, or staked in the pileDAI-10 single-staking vault to earn more TAKE.

Emissions are set at 4.8% APR and are proportional to the amount of collateral used for a trade. TAKE is earned while a position is open. TAKE is not earned if a trade is closed before 15 minutes have passed. By adding liquidity to the TAKE/DAI trading pair, the resulting LP tokens can be staked in a Vault:

TAKE is also rewarded at a variable rate through the LP vaults: No-lockup LP vault - 10% APR 7-30 day lockup - 60% APR 31-180 day lockup - 120% APR 181-365 day lockup - 200% APR

After the first month of operation, these rates will be lowered over time to more sustainable levels while remaining competitive with other DEX LP vaults.

TAKE is being allocated as such:

• 75% of TAKE is locked in the emissions contract for rewarding open positions, pileToken Vault and LP Vault participants

• 13.26% is reserved for the future development of the protocol including CEX and DEX listings, partnerships, and contributing more to TAKE's LP over time

• .45% was allocated to the Takepile presale to raise funds for the initial seeding of piles and launch liquidity

• 5.3% is reserved for onboarding team members

• 1.33% of supply is being reserved for the initial liquidity

• 4% of supply is allocated to ANCAP holders post-ANCAP-acquisition by Takepile, vested over 3 months

• 0.66% of supply was allocated to private investors to get Takepile to the presale stage