Tokenomics Update - July 2025
Historical announcement (July 2025). The events below have since taken place: the burns shown were executed (147,780,472 PEAR total) and the allocated tokens completed their 12-month vesting. Tokenomics have since evolved. In January 2026, PIP-3 replaced the ETH revenue-share model with weekly on-chain $PEAR buybacks, permanent burns, and liquidity (70%), with 30% to the DAO treasury. For the current model see PEAR & stPEAR and Staking.
In July 2025, after securing governance approval, Pear completed a $4.1M strategic raise from institutional investors.
Deal Structure
Total Raised: $4.1M
Token Price: $0.0203
Total PEAR Allocated: 202,005,718
Vesting: 12-month linear vesting starting 28 September 2025
Accrual: daily (1/365), claim-based, no auto-unlocks
Fairness to Prior Investors: These new tokens began vesting after the 27 September 2025 unlock, when earlier investors reached their 50% cliff unlock. This sequencing ensures transparency and opportunity for informed decision-making.
On 28 September 2025, an investor in this round allocated, say, 10M tokens received only (1/365) of it (about 0.274%). There is no 'cliff' or upfront amount unlike previous rounds, a slow release designed to align investors with the long-term vision of the team.
Burn History & Adjusted Total Supply
PEAR has consistently removed excess supply through token burns. The table below breaks down supply evolution since TGE (Token Generation Event):
Historical burns
| Date | Burned |
|---|---|
| 25 Dec 2024 | 10,000,000 |
| 31 Mar 2025 | 49,807,949 |
| 17 Jul 2025 | 10,000,000 |
| 27 Sep 2025 | 77,972,523 |
| Total Burned | 147,780,472 |
- Original Max Supply: 1,000,000,000 PEAR
- Adjusted Max Supply: 852,219,528 PEAR
About 15% of supply was permanently burned from previous treasury supply, making each token scarcer. This completed the commitment to burn an equivalent amount of supply at each major unlock in 2025.
Ownership breakdown
The strategic round together with the previous burns introduced an updated token distribution. Below are the pie charts of the percentage allocation of the original 1B tokens, and of the final circulating supply (once burns are accounted for).
Here is the comparison relative to the original 1B tokens:
Note that the early-supporter figure is higher than in previous pie charts due to more people completing the Tide quest tasks before the deadline. The team-and-advisor allocation was reduced to cut supply overhang.
And here relative to the final circulating supply:
TL;DR
- A $4.1M round brought in strategic partners aligned with the Pear ecosystem
- These investors paid $0.0203 (a 15% premium to the price over a 30 day lookback window), vesting linearly from 28 September 2025
- Prior investors unlocked before this round began vesting
- PEAR supply dropped from 1B to 852,219,528 via burns
- Emission schedule and ownership pie restructured transparently and fairly