$SPICE Distribution
Last updated
Last updated
The $SPICE distribution is designed to incentivize key contributors within the network and ensure that Spicenet is able to offer the following: security, liquidity, application incentives/grants, and hard work.
Validator rewards will follow a halving schedule that has an asymptote at 25,000,000 $SPICE distributed. As time goes on and the network grows liquidity and volume, less validator rewards are required for stakers as the network brings in more fees. A halving schedule tapers the need to offer large validator incentives over time. Validators are given the largest allocation of tokens to align with the fact that on Spicenet, your $SPICE stake is what dictates your importance in the network.
A successful seed raise has been completed and details are to be released shortly, stay tuned!
The Liquidity Generation Event is like a public sale that holds better terms for the investor and aligns better with the network's needs at launch. Users will deposit into Spicenet's Network-owned Liquidity vault to "Purchase" $SPICE on a price curve. This way Spicenet can support ample volume at launch. For the investor this is more attractive than a public sale because they are able to reclaim their capital after a period of time and earn yield throughout the duration.
Spicenet uses these tokens to incentivize the core participant in the network. A large portion of these tokens are used to reward completion of KPIs accomplished by highly motivated team at Spicenet.
Details on future raising are too be disclosed in the future.
Reserved to be distributed as seen fit according to the DAO. Options include but are not limited to: grant programs, liquidity funds, marketing campaigns.
Spicenet takes a completely new strategy on offering an airdrop that rewards three key roles in the community. These rolls are scarce, allowing those that achieve them to earn a substantial amount of tokens.
12,500 SPICE per user
1.5% Spice Kings (1000 max)
1500 SPICE per user
1% Spice Chads (not capped)
