Tokenomics is an important concept to consider when making an investment decision because ultimately a project that has smart and well-designed incentives to buy and hold tokens for the long haul is more likely to outlast and do better than a project that hasn’t built an ecosystem around its token. A well-built platform often translates into higher demand over time as new investors flock to the project, which, in turn, boosts prices. In this article we are going to give a comprehensive overview of Solcial ecosystem tokenomics.
What is Solcial:
Solcial is a permissionless social network allowing users to be rewarded fairly for their work, and promoting freedom of speech by allowing users to interact without fearing ban or censorship.
WHAT IS TOKENOMICS:
This is a portmanteau of “token” and “economics,” tokenomics is a catch-all for the elements that make a particular cryptocurrency (SLCL) valuable and interesting to investors. That includes everything from a token’s supply and how it’s issued to things like what utility it has.
SLCL is the cryptocurrency coin that powers the Solcial ecosystem.
User uses SLCL to pay for goods and services, settle transaction fees on Solcial platform, participate in exclusive token sales and more
CORE FEATURES SOLCIAL TOKENOMICS
- SLCL Token Distribution:
The total supply of SLCL tokens is capped at 1 billion. The complete token distribution can be seen in the chart shared below –
- SLCL Emission Rate & Distribution Schedule:
The initial token supply is 9 million and the same will grow exponentially for the next 3 years, reaching the total output of 1 billion tokens in circulation.
Below are the descriptions of each allocation.
Marketing and Partnerships (190,000,000 SLCL):
These marketing tokens are for new potential partners, and will also be used to provide liquidity at multiple exchanges. These tokens are vesting over two years with linear unlock.
Community Allocation (10,000,000 SLCL):
The community tokens will be used to onboard new communities, this includes launchpad communities (public sale), as well as free airdrop to strategic communities. These tokens will have 10% unlocked at launch, with the rest vested daily over one year.
Private investors (100,000,000 SLCL):
Solcial has raised private investment rounds over the second half of 2021 from selected strategic partners and angel investors. All tokens are vesting over two years with linear daily unlock.
All these investors align with our long term vision to promote freedom of speech and fight censorship. They’ve been immensely helpful and are a huge part of our mission to create a more open, inclusive social network that raises global economic prosperity.
Team and Advisors (200,000,000 SLCL):
Incentives for our growing network of advisors to continue their incredible support in various areas, helping to continuously push. Solcial to new heights with their respective areas of expertise and experience. All tokens are fully locked the first year with daily linear unlock during the next two years.
Ecosystem Incentive Fund (250,000,000 SLCL):
These tokens will be used to incentivise our community to engage with our social network and use it as much as possible. This will be a critical phase of our launch, hence why the importance of boosting the incentives during that time.
During the fair launch, all users will be able to mine SLCL tokens by being active on Solcial. In fact, the more active they are and the higher quality of engagement they show, the more SLCL tokens they will earn.
Treasury Reserve Fund (250,000,000 SLCL):
The treasury reserve fund tokens will be used at a later stage, in the future. These tokens are currently unused.
SLCL can be used for voting on the DAO,It can also be used to enjoy discounts on trading fees, and to purchase the token of any influencer of your choice on social
Solcial is a permissionless social network that gives users the power of decentralisation by allowing people to interact with each other without fear of censorship, and allowing content creators to be rewarded fairly at market value.
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