Tokenomics
Sakka is a reward token given to ecosystem participants and serves as a strong incentive to secure more interest in the Sakka betting protocol. Through the token economy structure that operates to maximize value, meaningful liquidity-based governance, airdrops, and rewards provide more financial opportunities. Sakka token is a key that maintains the Sakka protocol ecosystem and is distributed to single, paired, and staking participants through liquidity mining.
Basic Information
Ticker: SAK
Contract address: 0x37CDC46C78Cf403F1Da8a1eeBCffB3ed1DD01868
Multi-Chains: Binance Smart Chain (BSC), Klaytn
Total Supply: 100,000,000
Initial Liquidity: 200,000 USDT - 20,000,000
Sakka Initial price: 0.01 USDT
Daily Yields
The initial daily emission is 200,000 Sakka, and the amount, excluding the withdrawal commission, will be distributed during the first month. After a month, the total daily emission halving will be applied, and the withdrawal rate will be added. For detailed emission plans, please refer to Distribution of Tokens.
Distribution of Tokens
Setting the initial Sakka supply to 20% gives early users an equal chance to make purchases in Klayswap and Pancake freely. From the beginning, Sakka is distributed through liquidity staking in each staking pool, such as single pools or paired pools, and Sakka is distributed to liquidity providers as a reward. The staking part accounts for 50% of the total supply. During the 2022 World Cup in Qatar, airdrop tokens, which account for 5% of the total supply, will be distributed to users who play a role and complete the airdrop tasks. In addition, 10% of the total supply of Saka tokens will be used to fund project development, which will be unlocked linearly after the protocol has been running for three months. Community incentives and team reservations account for 10% and 5% of the total supply, respectively. They will be progressively unlocked as tokens are listed on mainstream exchanges after the protocol has been running for six months.
Application Scenarios
Sakka can be distributed through ecosystem contributions such as pool deposits and staking or acquired through trading and can be used as follows.
Users can participate in Sakka staking and receive Sakka token rewards.
Sakka can be used for governance voting related to the agenda of the Sakka Protocol (to be updated)
Users can use Sakka as a fee on the betting platform (to be updated).
Users can vote to decide on various proposals, such as the addition of new pools, the distribution ratio, the selection of a co-branded NFT, and the priority of e-sports betting (to be updated).
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