Deep Dive into the PRS Token
The PRS token is an ERC-20 token, running on the Polygon Network and designed to facilitate transactions, store value, and incentivize engagement within the Presence Protocol. It is fundamental to the ecosystem, with a total supply capped at 30 million tokens.
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Token allocation

Management and STO
50% of the tokens are issued for management and Security Token Offering (STO).
Cash-Back Pool
The remaining 50% is allocated to a cash-back pool to facilitate the transfer and storage of new economic value created by the protocol.

Core economic principles

1
Scarcity and demand
The fixed total supply of PRS tokens creates scarcity, while the cash-back mechanism ensures immediate demand.
2
Locking incentives
Users who lock their PRS tokens for extended periods receive higher dividends and voting rights, promoting long-term holding.
3
Presence application utility
The application offers valuable features for businesses and customers who pay fees in PRS tokens, increasing demand for unlocked tokens.
4
Governance and transparency
Token holders participate in key decisions through a voting system, fostering trust and community engagement.

Key mechanisms

Locking periods
Users can lock their PRS tokens for various durations to receive increasing benefits like tiered dividends and voting power.
Loyalty program creation
Merchants can design and manage custom loyalty programs to attract and retain customers.
Marketing tools
Generate and distribute marketing vouchers and gift cards, and access exclusive promotional tools within Presence Application.
Cash-back mechanism
Users receive cash-back in PRS tokens for transactions, incentivizing engagement without causing token price instability.

Dynamic reward system

Tiered dividends
Based on the total number of locked tokens, locking period, and engagement, ensuring a fair distribution of rewards.
Calibrated cash-back rewards
Designed to incentivize engagement without causing token price instability.
Cash-Back mechanism
Receiving PRS tokens is tied to monetized NFT transactions, ensuring that real-world value from transaction commissions translates into a decreasing number of tokens with each event. This maintains token value and ensures stability.
Revenue model
The protocol generates revenue from transaction fees when customers redeem offers, and purchase gift cards (NFT transactions). These fees are converted to PRS tokens in the cash-back pool, with the remainder distributed to shareholders as dividends. This model ensures a real-world price-value relationship for the PRS token.
Governance Structure
The system features two token-curated boards (TCBs) for directors and investors, managing daily operations, voting on special resolutions, and overseeing the protocol's treasury and funds allocation.

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