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PILOT Token

  • The PILOT token launched in July 2021 with a total supply of 20m tokens and ~7.5% of supply in circulation. The rest is locked in vesting contractsarrow-up-right.

  • In October 2021 we launched the PILOT burn programarrow-up-right. With this, we started to burn PILOT tokens each quarter as they are unlocked from the vesting contract. This scheme is designed to benefit our community of token holders.

  • Overall, the scheme will lead to 78% of the total supply being burned, leaving only 4.4m tokens. These 4.4m tokens will not necessarily ever enter circulating supply, and there may be additional burns in the future.

Token Utility

  • In June 2022 we launched PILOT stakingarrow-up-right. This allows you to stakearrow-up-right the PILOT token on the Unipilot dApp to earn a share of protocol revenue paid in ETH.

  • These rewards are not inflationary. The Unipilot protocol takes a cut of fees earned on the protocol, and 40% of this revenue is shared with PILOT stakers, with the remainder used to cover protocol expenses, helping us to limit PILOT inflation.

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