Spicenet Docs
  • Welcome to Spicenet
  • Introduction to Spicenet
    • Understanding the Need for a Global Financial Internet
    • The Sovereign Rollup Approach
  • Core Technical Architecture
    • The Nearly Optimal Merkle Tree (NOMT)
    • Asynchronous Execution Pipeline
    • Validator System Architecture
    • Shockwave
  • Advanced Technical Components
    • Sharding Implementation
    • Decentralized Sequencing
    • Based Multiple Concurrent Proposers
    • Multi-Staking Protocol
  • spicenet trading stack
    • Spicenet Trading Stack: Enshrined Liquidity and Market Structure
    • Unified Margin Accounts (UMAs)
    • Global and Local Markets
    • Instrument and Product Specification
    • Flashbooks: Intention-Based Orderbooks
    • Network-Owned Liquidity(NoL): A Deep Dive
    • Decoupled Order Matching and Settlement
  • spicenet execution network
    • Spicenet Execution Network
  • Products
    • PepperDEX: The Connective Tissue of Spicenet
    • hotUSD: the first Bitcoin dollar
    • User Abstraction Suite
    • Capsule: Smart Wallet Module
  • $SPICE Token
    • What is $SPICE?
    • $SPICE Utility
    • $SPICE Distribution
    • Airdrop and Ambassador Program
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  • Total Supply: 100M $SPICE
  • 25% Validator Rewards
  • 20% Seed -1 year cliff, 2 year linear vest
  • 15% LGE
  • 15% Core Contributors -1 year cliff, 3 year linear vest
  • 10% Future Fundraising -1 year cliff, 2 year linear vest
  • 10% Treasury
  • 5% Airdrop
  1. $SPICE Token

$SPICE Distribution

Previous$SPICE UtilityNextAirdrop and Ambassador Program

Last updated 3 months ago

Total Supply: 100M $SPICE

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.

25% Validator Rewards

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.

20% Seed -1 year cliff, 2 year linear vest

A successful seed raise has been completed and details are to be released shortly, stay tuned!

15% LGE

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.

15% Core Contributors -1 year cliff, 3 year linear vest

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.

10% Future Fundraising -1 year cliff, 2 year linear vest

Details on future raising are too be disclosed in the future.

10% Treasury

Reserved to be distributed as seen fit according to the DAO. Options include but are not limited to: grant programs, liquidity funds, marketing campaigns.

5% Airdrop

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.

2.5% Spice Gods (200 max)

  • 12,500 SPICE per user

1.5% Spice Kings (800 max)

  • 1500 SPICE per user

1% Spice Chads (not capped)