Tokenomics
A New Era of Cashflows
SPLX token contract (same in all networks):
https://blockscan.com/address/0xA26710B65D505b6f85ECB418b073A4A67586DEdD Beware of SCAM! SPLX token is multi-chain and can move freely between all networks without any bridges. It means users can transfer tokens to each other across networks natively without bridges.
Total supply: 1B
Team: Cliff to 2025, linear unlock 1,5% of total allocation in month;
Sales: Each sold token will be burned at a ratio of 1:1;
1.5% Private Sale Investors
5% Seed Investors (Crowdfunding, Community, and SAFTs.)
3.5% Future Sales
10% Will be burn
Treasury: Insurance cases, marketing and integrations;
2% Early initiatives
18% Cliff to 2024, linear unlock 0,55% of total allocation in month
Ecosystem fund: For grants and liquidity in other networks;
2.5% Initial liquidity (LP Tokens will be burn)
2.5% Will be burn
8% Liquidity in other networks
2% Grants
5% Partner Fund
Airdrop: Split Foundation will distribute a portion of the SPLX and veSPLX allocation to members in multiple waves.
0.5% of SPLX Tokens will be distributed through Mercle campaigns
An allocation of 24.5% of the SPLX token supply will be held in reserve for future user airdrops and will be distributed as veSPLX staking for 6 months. Details of the incentive program will be announced each quarter, the Split Foundation will be responsible for determining airdrop metrics as fairly as possible. The best way to improve your odds of receiving future airdrops is to get meaningfully involved!
Deflation
Traders can burn tokens on the platform and receive an increased profit % for MEV transactions (up to 60%). To get a 10% premium, a trader must burn 100 tokens, the maximum possible value.
Example: If a trader burns 10 tokens, he will get a 1% bonus.
100% are burned and go out of circulation
Cross-chain
SPLX token has a built-in cross-chain function that allows it to be used in other networks and protocol strategies without any bridges.
In the future, the token will have liquidity in all networks and can be used as a bridge, which will eliminate the bridge exploits.
MEV sharing
Token holders can stake and lock their SPLX for a certain period, which allows them to receive a share of the Protocol MEV on each network.
The protocol uses a multiplier for minting veSPLX NFT from locked SPLX, which varies depending on the locking time:
1 Month: 1 SPLX = 0.1 veSPLX;
3 Months: 1 SPLX = 0.25 veSPLX;
6 Months: 1 SPLX = 0.5 veSPLX;
12 Months: 1 SPLX = 1 veSPLX;
The protocol allocates 10% of the total MEV profit in each network and distributes it to veSPLX NFT holders.
This design creates a positive demand loop that reduces token circulation, increasing demand and decreasing selling pressure
The protocol also accepts SPLX LP tokens for locking, which allows the protocol to control some of the liquidity in the pools
You can sell your NFTs before the expiry date through NFT marketplaces
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