Tokenomics
The first 9.75% of the tokens are allocated to foundational reserves. This reserve is designed to provide stability and security to the ecosystem, as it can be used to fund ongoing operations, support development, and cover unexpected expenses. The foundational reserves can also serve as a mechanism to control the supply of tokens, which can help to maintain price stability and prevent excessive volatility.
42% of the tokens, is dedicated to the provision of liquidity. This allocation is designed to support the different phases of the fair distribution through an airdrop. Other utilities include supporting the development of applications, partnerships and ad-hoc marketing initiatives designed to drive adoption and growth.
About 26% of the tokens are allocated to the Seed and Private Rounds who are strategic early supporters of the project. By allocating tokens to seed and private round investors, we can incentivize early support and participation such as bootstrapping the Total Value Locked (TVL) on the platform. This can help build a strong community of early adopters who are invested in the success of the project.
Team and advisors are allocated 10% of the total token supply.
Token Utility - $SMOOVE
SMOOVE tokens will be used for the following purposes:
Governance token for protocol decision-making, such as onboarding validators or launching on other move chains
Boost DeFi vault yields in gauge-style, where users are incentivised to deposit their tokens to earn higher APY
Insurance participation, to tap on our liquidity pool for protection against slashing
Revenue sharing via buybacks or an xSushi model, where token holders can earn a share of the revenue generated by the ecosystem
Validator collateral
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