$SNB Distribution
The Tokenomics of Shinobi have been designed to create a self-sustaining economy driven by The Shinobi Token ($SNB).
An important factor to consider would be the allocation of the tokens. A common feature of poor tokenomics would be large quantities allocated to private investors, with little to no minimum lock-up time before they can sell it (AKA vesting period). This would allow them to sell it in bulk and causing prices to plummet. Now that we have briefly covered what good tokenomics should look like, let us examine $SNB token, we envision this project to be a long-term one, releasing 1 million $SNB over a long period of 10 years. In this article, we will deep-dive into $SNB tokenomics and longevity of the token.
Tokenomics
For Liquidity Reward, which is ve rewards, a gradually decreasing amount is used. In the first year, 16% of the tokens are released, and in the following year, 75% of the tokens from the previous year will be released. In the second year, 12% of the tokens will be released, the third year, 9% of the tokens will be released, and so on.
Token Allocation
The total amount of $SNB issued is 1 million.
- Liquidity Reward: 60%. Allocated for generating liquidity for $Secret Bitcoin(sBTC). The rewards will be distributed to users who contribute to increasing the liquidity or Locked Value of $sBTC, either by staking $sBTC or by providing liquidity to the AMM in the form of sBTC and other currency pairs.
- IDO: 8%. For sale in fundraising. Allocated to generate initial liquidity.
- Team: 15%. To motivate and compensate team members for their dedication to developing $SNB.
- Marketing: 5%. For marketing partners and marketing budget.
- Airdrop / Future listing: 3%. Airdrop will be distributed to the beta testers and future contributors such as future IEOs.
- Seed Investor: 9% For the investors who have supported Shinobi since its establishment.
Initial Supply
The first Initial Supply to be released from the total volume will be 190,000, which is 19% of the total volume.
- Liquidity Reward 0%
- IDO 8% (No Lockup)
- Team 5% (remaining 10% is 2 year liner vesting)
- Marketing 2% (remaining 3% is 3 year liner vesting / Unlock 1% per year)
- Airdrop / Future listing 3% (No lockup)
- Seed Investor 1% (remaining 8% is 2 year liner vesting / Unlock 4% per year)
