Introduction to concept
Community enterprises are organizations that are focused on achieving social, environmental, or economic goals that benefit a specific community. These enterprises are typically created and run by members of the community they serve and are often non-profit organizations. The Sallar ecosystem is a great example of a community enterprise that uses a token economy to incentivize and reward participation in its network of community projects.
Sallar is a utility token that serves as a payment method within the Sallar ecosystem.
The Sallar ecosystem is a network of community projects that use Sallar as their payment method. With Sallar, you can pay for products and services, such as clothing, and use it as the currency on the Marketplace Community.
One of the key features of Sallar is its ability to be mined. You can mine the token through an application that allows you to earn a small amount of token every 24 hours through mining or staking, depending on the action you choose to take.
Mining the token involves solving logical tasks through the application, which is the basis for receiving a reward in the form of Sallar tokens. The Sallar token is then sent to a wallet address that is linked to the application.
Staking is another way to earn Sallar tokens. Through the application, users can participate in a staking rewards program every 24 hours. User tokens are not blocked during this process.
Thanks to Sallar, the community can create their own projects and initiatives in synergy with the ecosystem, which provides mutual support through collaboration, multi-topic focus, and payments for products and services using the Sallar token.
All other information related to the mechanics of the smart contract is contained in the chapters of the documentation.
Last updated