Palapa, PT Global Karya Wisesa is a technology-based company at the forefront of blockchain and crypto asset innovation, based in Indonesia. Palapa has a vision to encourage widespread adoption and utilization of blockchain technology by creating an easy and user-focused ecosystem.
As the native token of an Indonesian crypto exchange, Palapa is backed by Bittime, one of the top three cryptocurrency trading platforms in Indonesia.
Contents
Tokenomics and Distribution
Palapa (PLPA) has a total supply of 10 billion tokens, with approximately 31 million PLPA currently in circulation.
The token distribution is strategically designed to support ecosystem sustainability while maintaining a balanced allocation between utility, community growth, and project development.
PLPA token allocation breakdown:
- Treasury for Staking 30%
- Ecosystem Development 20%
- Team 20%
- Early Investors 15%
- Public Sale 10%
- Community Rewards 5%
Bittime is currently implementing a deflationary mechanism for Palapa through a periodic buyback and burning program with a portion of Bittime’s profits being used to buy back and burn tokens from the market. This program aims to reduce the circulating supply and has the potential to increase the value of Palapa over time.
The burning of Palapa is a 24-month burn program that has been implemented starting from February 2025, targeting up to 80% of the total token supply. This initiative reflects the development team’s strong commitment to transparency and sustainable project growth, aligning with Palapa’s vision to build a robust and globally competitive digital asset ecosystem originating from Indonesia.
Functions and Use Cases of Palapa Token (PLPA)
As an Ethereum-based utility token (ERC-20), Palapa (PLPA) is designed to serve various real-world functions within its ecosystem. The token acts as a bridge between local innovation and global adoption, focusing on enhancing user participation and transaction efficiency across partner platforms that support PLPA.
Key use cases of PLPA include:
- Utility Asset: Used within the Palapa ecosystem for various services, including transaction fee payments and participation in community-driven programs.
- Staking and Rewards: Supports staking programs that offer returns to users who actively engage in the ecosystem.
- Governance: Grants token holders voting rights in decision-making related to the future development of the ecosystem.
- Multi-Platform Integration: Built on the ERC-20 standard, PLPA is compatible with multiple platforms and widely used crypto wallets around the world.
Links
X — x.com/tokenpalapa_
Instagram — instagram.com/tokenpalapa
TikTok — www.tiktok.com/@tokenpalapa
Website — www.palapatoken.id
Terms and Conditions
Pionex reserves the right to the final interpretation of these terms and conditions, including but not limited to modifications, changes, or cancellation of the event without prior notice. Please contact us if you have any questions.
Disclaimer
Although cryptocurrency has high growth potential, it still faces high market risks and volatility. Users are strongly advised to conduct their research and invest at their own risk.
