Tokenomics
Sallar (ALL) token was created on the Solana network on TBD
Token adress: TBD
At the start of the project, the number of tokens was 10,000,000,000 $ALL (Initial and Max Supply). The total supply of Sallar is limited by the main smart contract and can reach a maximum of 7,269,921,068 $ALL (Total Supply).
Wallets
Treasury Wallet - $ALL 5,000,000,000 - 50%
Initial Burnt Tokens - $ALL 2,730,078,932 ~27,30%
Liquidity assets - $ALL 2,269,921,068 ~22.70%
Description
At the inception of the Sallar project, a significant milestone was achieved by burning approximately 2.73 billion tokens, which is about 27.30% of the initial supply. This strategic move ensures that the total supply of Sallar tokens will not exceed 7.2 billion, creating a stable foundation for the token's value and scarcity.
Token Distribution and Use
Out of the remaining tokens:
5 billion tokens (approximately 50% of the total supply) are dedicated to rewarding users who contribute their computing power through mobile distributed computing. This large allocation underscores the project's commitment to incentivizing participation and ensuring a robust decentralized network.
2.27 billion tokens (approximately 22.70% of the total supply) are designated as liquidity assets. These funds are targeted to enhance liquidity on decentralized exchanges (DEX) primarily. The proceeds from the sale of computing power are strategically reinvested into buybacks and further bolstering liquidity on exchanges, ensuring a healthy trading environment for Sallar tokens.
Mobile Distributed Computing Explained
Mobile distributed computing involves leveraging the collective processing power of mobile devices contributed by users around the world. This approach taps into the vast, underutilized resources of smartphones and tablets that can be redirected to support complex computations needed in various domains such as scientific research, data analysis, and AI training. Users participating in this network lend their device's idle processing power and, in return, earn Sallar tokens as a reward. This system not only provides a passive income stream for users but also promotes a more sustainable approach to computing by maximizing existing resources.
Sustainable and Strategic Growth
The focus on enhancing liquidity through buybacks and maintaining a healthy liquidity pool on decentralized exchanges is critical. By ensuring that tokens can be easily traded, Sallar aims to attract a broader audience, fostering greater adoption and participation in the network. This strategy supports the overall stability and growth of the token, making it more attractive to both existing and potential new members of the ecosystem.
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