SSC Chain offers a unique set of features and advantages that make it stand out in the ever-evolving blockchain landscape.
Introduction
Shinechain, a pioneer in the world of cryptocurrencies, has made a breakthrough with its innovative technology, combining artificial intelligence (AI) with blockchain innovation. At the heart of this transformative ecosystem lies the SSC20 cryptocurrency, the powerful force that drives all operations and transactions within the Shinechain network. In this article, we dive into the tokenomics of SSC20, exploring the total supply, distribution, and strategic approach that differentiates it from traditional cryptocurrencies.
What is Shinescan?
In simple terms, Shinescan is an open source layer one blockchain platform, which can be used to launch decentralized applications and deploy enterprise solutions. It is built on the proof-of-work (POW) consensus protocol. We need a consensus mechanism to maintain the integrity and security of the blockchain network. In this case, we use proof of work as a consensus protocol. What’s happening here is trying to find a miner to generate the next block. This will solve complex math puzzles. If anyone solves the puzzle first, he can also mine the next block. This is how proof of work (POW) works.
Shinsescan blockchain validation rate 50,000 per second. You can also create new dapps on top of the blockchain. It can be used to achieve high-speed and highly scalable solutions in decentralized applications. It also provides APIs for smart contract developers. So this is one of the next biggest things in the web 3.0 and gaming industry.
Total Supply and Distribution Controlled
SSC20 offers a total supply of 100,000,000 tokens. However, what sets it apart from many other cryptocurrencies is its strategic approach to token distribution. The initial launch of SSC20 in 2023 introduces only 25% of the total supply, equivalent to 25,000,000 tokens. The remaining tokens will be released gradually over time, and careful control of this supply is a key feature that allows Shinechain to adapt to the evolving needs of the network and its investors.
Staking Validators and Rewards
Most of the SSC20 tokens, 20% to be exact, are allocated to validators. These validators play an important role in the Shinechain ecosystem, as they ensure the security and integrity of the blockchain. In exchange for their services, validators receive a 20% stake for 20 months, amounting to 5,000,000 tokens. This incentivizes their active participation in the network and increases its overall resilience.
Additionally, validators are rewarded with an additional 20% of the total token supply for 20 months, another 5,000,000 tokens. This strategic approach ensures a stable and consistent reward structure, encouraging long-term commitment and stability among validators. With a monthly reward rate of 1%, this encourages continued engagement and dedication to the Shinechain network.
Development
A total of 22% of SSC20 tokens, equivalent to 5,500,000 tokens, were allocated for development. This allocation underscores Shinechain’s commitment to continuous innovation and improvement of its ecosystem. These tokens serve as a lifeblood for development teams, providing the resources necessary to drive technological progress and maintain network competitiveness.
GOAL REALITY PERSPECTIVE
SSC Chain, a premier supplier of financial services worldwide, makes every effort to improve the quality of life of our customers and help them achieve their goals so that we can continue to be considered the industry standard. This is done so that we can maintain our position as the gold standard. One of our primary goals is to make a positive contribution to our customers’ overall financial well-being, and we plan to achieve this goal in a variety of different ways. One of our main goals is to make a beneficial contribution to customers’ financial well-being. Because we consider our customers to be our most valuable resource, we make a concentrated effort to guarantee that they can contact a support agent whenever they have questions or problems, regardless of the time of day or night. This happens 24 hours a day, seven days a week.
List of IEOs and DEXs
Another 20% of SSC20 tokens, for a total of 5,000,000 tokens, are reserved for the Initial Exchange Offering (IEO) on LATOKEN. This allocation reflects Shinechain’s strategic approach to utilize established exchanges for distribution of its tokens, ensuring broader accessibility to the cryptocurrency community.
DEX listing, decentralized SSC token exchange listing will take place on PancakeSwap. A total allocation of 2% of SSC20 tokens is reserved for this purpose, amounting to 500,000 tokens. This allocation contributes to the liquidity and functionality of the exchange, driving a smooth trading experience for SSC20 holders.
Betting and Team Prizes
10% of SSC20 tokens, for a total of 2,500,000 tokens, are dedicated to staking rewards. This reward program not only provides benefits to validators but also encourages active participation from the wider community. With a monthly reward rate of 0.83%, it incentivizes users to stake their SSC20 tokens and actively engage with the network.
The Shinechain team was allocated 5% of SSC20 tokens, equivalent to 1,250,000 tokens. This allocation is designed to ensure that the development team is well compensated for their dedication and hard work, aligning their interests with the long-term success of the Shinechain ecosystem.
Key Features of SSC Chain
- Enhanced Security: SSC Chain uses advanced cryptographic techniques and consensus mechanisms to ensure the highest level of security. With strong encryption and advanced authentication protocols, it minimizes the risk of data breaches and fraudulent activities.
- Scalability: One of the most significant limitations of legacy blockchain platforms is scalability. SSC Chain addresses this problem by leveraging a unique architecture that enables horizontal scaling. This means that as the network grows, it can accommodate higher transaction volumes without reducing performance.
- Interoperability: SSC Chain is designed to interact seamlessly with other blockchains and existing systems, encouraging interoperability across platforms. These features make it an ideal choice for businesses looking to integrate blockchain technology into their operations.
- Flexibility: SSC Chain’s modular design allows developers to customize and build applications tailored to their specific needs. Whether for supply chain management, finance, healthcare, or any other industry, SSC Chain offers the flexibility needed to develop customized solutions.
- Energy Efficiency: At a time when environmental issues are a top priority, SSC Chain places great emphasis on energy efficiency. Its consensus algorithm consumes much less energy compared to traditional Proof of Work (PoW) blockchains, making it a more environmentally friendly alternative.
SSC Chain Roadmap
SSC Chain is a curated directory of the best cryptocurrency resources. We are slowly turning this website into the best place for beginners to learn about cryptocurrencies.
Stage 1: June 2023
Community Development
Stage 2: November 2023
Integrated SSC Chain + Airdrop
Stage 3: May 2024
Live SSC Chain on International Exchanges
Stage 4: August 2024
SSC Chain Affiliate Program
Stage 5: November 2024
International Programs
The directories that make up the SSC Chain platform are directories that have been carefully vetted to contain only the best cryptocurrency resources currently available on the market. The ongoing process requires minor adjustments to the website to turn it into a learning environment that will be most beneficial to novice users interested in acquiring information about cryptocurrencies.
CLOSING REMARKS:
The cryptocurrency in question is being hailed as the first completely community-based and decentralized form of digital currency anywhere in the world. Utilizing the SSC Chain Platform is one way to ensure the safe transfer of various digital currencies in the cryptocurrency arena which is experiencing tremendous innovation today. A mechanism designed to fight inflation has been developed as a result of widespread fear of the phenomenon. The impact of inflation has been felt by many people around the world. Our goal is to create an environment that will protect society from the potential negative impacts associated with FIAT money ownership and central bank control.
FOR MORE INFORMATION VISIT
WEBSITE: https://sscchain.org/
TWITTER: https://twitter.com/shinescanx
TELEGRAM: https://t.me/shinescanchat
Forum Username: Raffii
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3428425