SFI Tokenomics

📑 About SFI

SFI is the governance token of Socket.Finance. No presale. No pre-mining. All dev keys are burned.

Token Contract: 0x1E15abF152067e9Fe4A48bbf094A71f5bB16325D

Fixed Maximum Total Supply: 31,500

Circulating Supply:

At first you need to understand our token release logic. We have 3 pools (ETH-SFI, WETH, SFI) at this moment. ETH-SFI pool total reward 18,000 SFI, WETH pool total reward 6,000 SFI. SFI pool total reward 6,000 SFI. Our total supply is 18,000 + 6,000 + 6,000 + 1,500(dev fund vesting in one year) = 31,500 SFI.

Each pool will be rewarded half of the total supply in the first week and the rewards half every week.

For example:

ETH-SFI pool total reward 18,000 SFI：

• First week (2020/10/17 10:00:00 UTC ~ 2020/10/24 10:00:00 UTC) reward 9,000 SFI
• Second week (2020/10/24 10:00:00 UTC ~ 2020/10/31 10:00:00 UTC) reward 4,500 SFI
• Third week (2020/10/31 10:00:00 UTC ~ 2020/11/07 10:00:00 UTC) reward 2,250 SFI
• … and so on

Total reward is 9,000 + 4,500 + 2,250 + … = 18,000.

If you do not understand the function, you can read about this on Wikipedia under the topic Infinite series calculation.

📋 Allocation:

• Reward 6,000 for WETH Pool (19.1%)
• Reward 6,000 for SFI Pool (19.1%)
• Reward 18,000 for ETH-SFI LP Pool (57.1%)
• Reward 1,500 for development fund (4.7%). Linear vesting in one year ≈ 4.1 SFI / day.

💬 Welcome to join our community !

Twitter: https://twitter.com/SocketFinance

Github: https://github.com/socket-finance

Telegram: https://t.me/SocketFinanceOfficial

Discord: https://discord.gg/qEYfJK2

Medium: https://medium.com/@SocketFinance