SLCR Tokenomics
This page intends to give you a brief explanation of how SLCR token economics work.
The maximum supply of SLCR is 100 million (100,000,000). All SLCR will be distributed to stakeholders by smart contract to keep transparency and can be tracked on blockchain.
The vesting schedule of SLCR for all kinds of stakeholders will be pre-defined and implemented on smart contracts, meaning that the SLCR not yet released according to the vesting schedule could not be unlocked by manual operation. Estimated timeframe for distributing all SLCR is Q2 2038.
51 million SLCR (51% of total token supply) will be allocated for community distribution with SLCR liquidity mining. Everyone in SOLARR community would have the opportunity to claim FREE SLCR on SOLARR platform and social media channels.
SLCR Allocation and Vesting
In order to maintain the transparency for the circulating supply of SLCR, the follow escrow smart contracts to lock SLCR for different stakeholders would be setup for anyone to track anytime on the blockchain:
Community Distribution Reserves: (Coming soon at Q2 2023)
Project Reserves: (Coming soon at Q2 2023)
Network Mobility Reserves: (Coming soon at Q2 2023)
Seed Purchasers Allocation: (Coming soon at Q2 2023)
Private Purchasers Allocation: (Coming soon at Q2 2023)
Team and Advisors Allocation: (Coming soon at Q2 2023)
Community Distribution
51.00%
Release through 168 months vesting schedule with a monthly evenly distributed basis
Project Reserves
15.00%
Release through 168 months vesting schedule with a monthly increment basis
Network Mobility Reserves
5.00%
Flexible for maintaining the minimum liquidity requirements for trading pairs
Seed Purchasers
7.28%
Release through 12 months vesting schedule with a monthly increment basis
Private Purchasers
4.90%
Release through 12 months vesting schedule with a monthly increment basis
Team and Advisors
16.82%
Release through 36 months vesting schedule with a month increment basis
Click here to check more pre-defined distribution % of different types of vesting schedules.
SLCR Utilities and Burning Mechanism
SLCR has different types of utilities throughout SOLARR platform, including
Generic Utilities: Applicable for overall SOLARR platform
Borrowing and Lending Utilities: Specifically applicable for borrowing and lending function
Genesis NFTs Offering Utilities: Specifically applicable for genesis NFTs offering function
Some of the SLCR utilities would be ready to launch by Q2 2023, and more utilities would be implemented to SLCR with future SOLARR platform enhancements.
Click here to learn more about SLCR utilities.
Regarding some of the SLCR utilities, such as 'Medium of Loan Offer' under Borrowing and Lending Utilities, the following situation would be applied:
Borrowers can collateralize NFTs and borrow SLCR
Lenders can provide SLCR as liquidity to lend & earn
Borrowers would repay by SLCR
Hence, SOLARR would receive 4% transaction fee in the form of SLCR from this kind of loan transaction.
SOLARR would partially or totally burn the SLCR received from operating activities when the utilities have been implemented on SOLARR platform, reducing the circulating supply of SLCR.
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