Uses of PICKLE Token
The PICKLE token admittedly has limited use in its raw (unlocked) form. When timelocked by their user, PICKLE tokens convert into DILL, representing an entitlement to a portion of the platform revenues, voting rights, boosts on your farm returns, and more.
The unlocked PICKLE token can serve as a liquid option against a share of the platform revenue. If the protocol revenue continues to increase, your unlocked PICKLE (which can be converted to DILL at the click of a button) should increase in value as well, representing the value of the cashflow you could generate by converting the PICKLE into DILL.
An increase in platform revenue would also generate significant upward pressure on the price of the PICKLE token, not only because of a cash flow valuation, but also because of supply and demand functions. Forty-five (45) percent of platform revenue is used to buy back PICKLE tokens from the market each week. If platform revenue increases, the amount of PICKLE bought back will also increase, putting upward pressure on the price of the PICKLE token.
These two functions should keep changes in the PICKLE price moving in the same direction as platform revenue, and reinforce the relationship between the token and the protocol’s success.
Last modified 3mo ago
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