Tokenomics Model
Discover how the SCY token powers the Scypher ecosystem. From staking to governance, learn how SCY supports the platform's features and growth.
1. Token Overview
Name: Scypher Token
Symbol: SCY
Type: Utility Token
Blockchain: Solana
Total Supply: 1,000,000,000 SCY
2. Token Utility
Platform Access
Access premium features of the Snipping Bot Exchange.
Transaction Fees
Pay platform fees at a discounted rate.
Governance
Participate in decision-making with voting power.
Rewards
Earn SCY through referrals and platform activities.
3. Token Distribution
4. Vesting Schedule
| Category | Vesting Period | Release Frequency |
|---|---|---|
| Public Sale | No vesting | Immediately tradable |
| Team and Advisors | 4 years | 1-year cliff, then monthly |
| Platform Development | 3 years | Quarterly release |
| Marketing and Partnerships | 2 years | Quarterly release |
| Community Rewards | 5 years | Based on participation |
| Reserve Fund | 5 years lock | Released as needed with governance approva |
5. Token Economics Mechanisms
Deflationary Measures
- Token Burning: A percentage of transaction fees will be burned to reduce the supply.
- Buy-back and Burn: A portion of platform profits will be used to buy back and burn SCY tokens.
Staking Rewards
- Stakers receive rewards in SCY generated from platform fees.
- Higher staking tiers provide additional benefits and voting power in governance.
Liquidity Mining
- Users providing liquidity to asset pools will be rewarded with SCY tokens.
- Dynamic reward rates based on the needs of asset pools.
Governance
- SCY holders vote on platform decisions, feature proposals, and changes to parameters.
- Quadratic voting system to prevent whale dominance and ensure fair representation.
Fee Structure
- Pay platform fees in SCY to receive a significant discount (e.g., 50%).
- Tiered fee structure based on SCY holdings or trading volume.
6. Token Utility in Platform Components
Snipping Bot Exchange
Access premium bot features and reduced trading fees when paying with SCY.
MPC Hot Wallet
Enhanced security features or higher transaction limits for SCY stakers.
Cold Wallet Storage
Priority support and additional backup features for SCY holders.
Tokenized Financial Products
Early access to tokenized products and reduced fees for SCY stakers.
7. Tokenomics Roadmap
Create and audit smart contracts for SCY token, conduct the public sale, and list SCY on decentralized exchanges.
Integrate SCY token into the Snipping Bot Exchange, implement staking and fee discount mechanisms.
Launch governance system, implement liquidity mining, and introduce tiered benefits based on SCY holdings.
Integrate SCY with tokenized financial products, implement cross-chain compatibility (if applicable), and expand SCY utility beyond the platform.
The tokenomics model will be regularly reviewed based on user feedback, market conditions, regulatory requirements, and technological advancements. Significant changes will be subject to community governance votes.