Tokenomics
Details about the token’s utility, total supply, distribution plan, and economic model.
Solanova Tokenomics: Empowering the Future with Value and Utility
The Solanova Token is a fundamental element of our ecosystem, designed to enable a seamless and efficient experience within the platform. Our tokenomics structure focuses on utility, fairness, and long-term sustainability. We aim to provide value to our token holders while ensuring the growth of the Solanova ecosystem.
Token Utility
The Solanova Token will serve several key functions within the ecosystem:
Access to Services: Holders can use the token to access Solanova's core services, including autonomous vehicle rides, AI-powered solutions, and more.
Governance: Token holders will have the opportunity to participate in decision-making processes related to platform upgrades, new feature releases, and other governance matters.
Rewards & Incentives: Participants who engage with the platform, whether by staking, contributing to development, or using services, will be eligible for rewards and incentives in the form of Solanova Tokens.
Transaction Fees: The token will be used for paying transaction fees across the platform, making every interaction seamless and efficient.
Token Distribution
The total supply of Solanova Tokens is fixed at 100,000,000 tokens. This capped supply ensures scarcity, which contributes to the token's potential value over time.
No Pre-Sale: There will be no pre-sale or early public sale, ensuring a fair distribution to all participants.
Ecosystem and Platform Development: A portion of tokens will be allocated to the ongoing development of the ecosystem, including technological advancements, partnerships, and other initiatives.
Team and Advisors: The team and advisors will receive a small allocation, ensuring the long-term commitment to the project's success. This allocation will be distributed in a way that is fair and sustainable, with vesting over 3-month periods to avoid inflation and ensure the team's commitment to the project's vision.
Community Engagement: Tokens will also be allocated for community incentives, staking rewards, and airdrops, promoting adoption and engagement from the Solanova community.
Token Supply and Price
Total Supply: 100,000,000 tokens.
Initial Token Price: $0.0004 per token during the token generation event (TGE).
No Pre-Sale: There will be no pre-sale or early token sale. All tokens will be available to the public once the TGE begins, ensuring equal access for everyone interested in participating.
Vesting and Unlocking Schedule
To ensure a balanced and fair distribution of tokens over time, the allocation for the team and other stakeholders will be locked and gradually unlocked in 3-month intervals. This strategy aligns the interests of the team with the long-term success of the project.
Team Allocation: The team’s allocation will be vested over time to ensure that the team remains committed to the project's growth and success. The unlocking of team tokens will occur over 3-month periods to avoid inflation and maintain the project's stability.
Advisor and Other Stakeholder Allocation: Similarly, the advisors and other stakeholders will also receive their allocation in 3-month intervals, ensuring that the distribution remains fair and aligned with the project's long-term goals.
Economic Sustainability
The Solanova Token’s economy is designed to be sustainable and provide value to all participants in the ecosystem. By gradually unlocking tokens and ensuring fair distribution, we are setting up a healthy economic structure that encourages participation and rewards those who contribute to the platform’s growth.
Inflation Control & Burn Mechanism
To maintain the scarcity of the token and increase its value over time, we will implement a burn mechanism. A portion of the transaction fees collected through the platform will be burned periodically, reducing the overall token supply and potentially increasing the token's value for holders.
Long-Term Vision
Ethernova’s tokenomics are built to ensure long-term value creation for all stakeholders. Our approach to token distribution, price setting, and vesting is designed to support the sustainable growth of the ecosystem. We believe that the Ethernova Token will not only power the platform but also drive the future of mobility and AI.
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