Singular Dollar Utility
Singular Dollar (SD): A versatile token offering transactional utility, governance rights, and revenue sharing, with benefits in network stability and expanded market integration.
Last updated
Singular Dollar (SD): A versatile token offering transactional utility, governance rights, and revenue sharing, with benefits in network stability and expanded market integration.
Last updated
SD token holders can participate in governance and stake their tokens to earn 30% of the platform's total fees in ETH. An additional 20% of the fees are converted to SLP and added to the floor price fund, currently valued at around $5M. Although currently modest, this mechanism is expected to enhance the system as fees grow. Stakers also receive escrowed SD tokens, which gradually convert into actual SD tokens over a year. The platform encourages long-term staking with a gamified system of multiplier points, rewarding users for extended staking periods and deducting points upon unstaking.
Three main utilities of the Singular Dollar (SD):
Transaction Medium & Fee Reduction: SD acts as a key medium of exchange within the Singular ecosystem, offering holders reduced transaction fees for increased cost efficiency.
Governance & Revenue Sharing: SD grants holders voting rights in ecosystem decisions and a share of 30% of the platform's revenue, providing both influence and a passive income stream.
Staking & Cross-Platform Integration: Staking SD tokens offers rewards and contributes to network stability, while its integration across various platforms enhances its utility and reach.
