🎨4. Issuance Scheme of SMP Token
Last updated
Last updated
The SMP Token can be minted/burned when needed, with a maximum issuance limit of 10 billion tokens. Initially, the tokens will be issued under the ERC20 standard on Ethereum, but they are multi-chain tokens that can be bridged to other blockchains for use as needed.
SMP Token Issuance Overview
| Ticker | SMP |
|---|---|
For SMP tokens, our policy will be to initially issue and release only about 20% (TBD), and thereafter issue new tokens that will be minted based on actual token demand. At the same time, we will in principle burn all tokens that come back to us through SMP Platform fees.
The initial breakdown of uses for the initial 20% or so of tokens to be issued will be private sale and partner compensation, investor holdings, and liquidity providing. The remaining 80% will be allocated towards ecosystem rewards, ecosystem funds, and team ownership. After 10 years, all tokens will be available for issuance and circulation.
The distribution of tokens issued is as follows
| Type | Description | Number Issued |
|---|---|---|
Contract address
TBD
Blockchain
Ethereum
Standard
ERC20
Maximum number issued
10 billion tokens
SMP Tokens
Total number of SMP tokens issued
10,000,000,000
(100%)
Ecosystem Rewards
Quantity given out/sold in various services
3,500,000,000
(35%)
Team Ownership
Quantity held within the project
2,100,000,000
(21%)
Ecosystem Fund
Ecosystem Management quantity
2,300,000,000
(23%)
Liquidity Provision
Liquidity provision quantity
500,000,000
(5%)
Private Sale and Partner Compensation
Quantity put on private sale, given to our business partners
1,550,000,000
(15.5%)
Investor Holdings (to be sold by IEO)
Quantity to be sold at IEO
50,000,000
(0.5%)
