Tokenomics
Token Overview
The objectives concerning the SD token encompass:
The predominant allocation of SD tokens to early adopters and private token sale investors.
SD tokens will be granted to a substantial portion of the current global population, establishing SD as the most extensively disseminated utility token for the Singular DEX platform.
Utilization of the SD token and Singular ID will extend to protocol governance.
The SD token will serve as the cornerstone of an expansive link between Traditional Finance and decentralized financial networks.
SD: the utility and governance token. Accrues 30% markets generated fees.
Network Information
Singular Dollar (SD) is an ERC-20 token on Arbitrum network
Contract Address
0xf063d7c6B43190B470201Fe5388Ce10B370330aE
Total Supply
200M
Ticker: $SD
dual-purpose utility and governance token, offering holders 30% of market-generated fees and voting rights in platform decisions.
Circulating supply
At launch, the maximum circulating supply will be 50M SD
Buyback Mechanism
Singular's buyback mechanism involves using profits to repurchase a portion of its 50 Million tokens, aiming to reduce supply, increase scarcity, and boost token value, while demonstrating market confidence.
The SD Token Allocation
35%
Public Sale
A significant portion of the total supply, amounting to 70M $SD tokens (35%), is allocated for public sale. This ensures wide distribution and accessibility to the broader community, promoting decentralization and active participation in SingularDEX's ecosystem.
20%
Team & Advisors
The allocation for the team and advisors is set at 20% of the total supply (40 million $SD tokens). Of this, $3M SD tokens are dedicated to advisors, acknowledging their critical role in guiding the platform's strategic direction. The remaining $27 million $SD tokens are reserved for the cofounders, aligning their interests with the long-term growth and success of SingularDEX. The team and advisors' tokens are subject to a 24 months vesting period, with the initial listing price of $1 per token
20%
Ecosystem & Partnerships
To bolster the platform's ecosystem and foster strategic partnerships, 20% of the total supply (40 million $SD tokens) is earmarked. This allocation is crucial for expanding the platform's reach and enhancing its capabilities through collaborations and integrations.
5%
Private Token Sale
5% of the total supply, translating to 10M $SD tokens, is reserved for private sale. This stage targets strategic investors and partners who can contribute to the long-term success and stability of SingularDEX.
10%
Reserve Fund
A reserve fund comprising 10% of the total supply (20M $SD tokens) is established to ensure financial stability and support future development needs, contributing to the platform's resilience and adaptability.
Important User Disclaimer: Please be informed that crypto products carry a significant level of risk, and their regulatory status remains uncertain in numerous jurisdictions. It's important to note that there might not be any available regulatory avenues for seeking remedies in case of losses incurred through SD transactions. The valuation of SD is subject to rapid fluctuations and is susceptible to complete loss. For additional details, kindly refer to www.singularvest.com
Safety Advisory: Kindly take note that complimentary SD tokens can exclusively be acquired by utilizing the Singular DEX; no distribution of SD through airdrops will occur beyond the confines of the Singular App. There exists no "Initial Coin Offering (ICO)" for SD. Exercise caution against fraudulent applications and counterfeit SD tokens. It's crucial to acknowledge that the deployment of the SD token is solely applicable to Arbitrum, using the specified addresses provided above.
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