TOTAL SUPPLY: 100,000,000.00 SMY**https://public.flourish.studio/visualisation/13961422/
Description of the Tokenomics*Let's examine the **SMY** token's tokenomics in more detail:*
This digital asset has been planned with a unique allocation scheme that guarantees growth and sustainability over the long term. It's crucial to comprehend the purpose of the SMY token before getting into the specifics of the allocation.
Using the SMY Token as Utility Backing
SMY Token is different from other digital assets, it is supported by real services in a vibrant environment. Swap fees are the main revenues flows, generated supporting the SMY cryptocurrency with a buyback model that will benefit the growth of the community around the project.
Swap Fee Collection
Each time a swap transaction occurs on Simplify, a fee is charged. A portion of this swap fee is directed back into the ecosystem and attributed to the value of the SMY token. This fee collection is one of the key utilities that support the SMY token, giving it intrinsic value and purpose.
Token AllocationLiquid Market - 40%
The largest portion, 40% of SMY tokens, are allocated to ensure liquidity in the market. This liquidity is important because it ensures stability and allows for smooth transactions for SIMP token holders. With a liquid market, investors can buy or sell SMY tokens without causing drastic price changes.
Team - 15%
This segment of 15%, is allocated to the team. This allocation is for the people who built the SMY ecosystem, a reward for their hard work and dedication. It's also a motivation for the team to continue developing and maintaining the ecosystem, ensuring its success. This allocation will follow a detailed vesting schedule setted by team members using smart contracts.
Strategic Sale - 15%
The next 15% is earmarked for Strategic Sales. This portion is for partnerships, collaborations, and and strategic acquisitions as VCs or Incubators, it can be thought of as a fund used to incentivize strategic partnerships and help the SMY ecosystem growth.
Angel Investors - 12%
12% of the tokens are allocated for Angel Investors. These are early investors who provide capital for the project, often before it becomes popular or profitable. Their support is crucial for the token's initial growth phase and they are compensated with a portion of SMY tokens.
Reserve Ecosystem - 10%