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Sirath Network Tokenomics

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Overview

Sirath Network RollApps provides a scalable and user-friendly platform for developers and enterprises to deploy decentralized applications. Our mission is to bring blockchain adoption to the mainstream by combining high performance, low fees, and seamless integrations. By harnessing the power of Layer 2 solutions and EVM compatibility, Sirath Network ensures an ideal environment for decentralized applications to thrive.

Features

Scalability

Leverage RollApps to achieve high throughput without compromising decentralization. Sirath Network is designed to support a wide range of use cases, from DeFi to gaming, ensuring a seamless user experience.

Low Fees

Transaction costs can be a major barrier to blockchain adoption. Sirath Network’s Layer 2 architecture reduces fees significantly, making blockchain applications accessible to everyone.

Community-Centric Approach

Empowering users and developers is at the core of Sirath Network. Through meaningful incentives, grants, and transparent governance, the community is given a central role in shaping the future of the network.

Robust Security

Built on a strong foundation, Sirath Network benefits from the security of its underlying blockchain infrastructure. This ensures that applications deployed on the platform are safeguarded against potential threats.

$STN Token Utility

The $STN token serves as the backbone of the Sirath Network ecosystem, offering multiple utilities that drive platform adoption and user engagement

Governance Rights

  1. Proposal Creation: Token holders can create and submit governance proposals
  2. Voting Power: Voting weight is determined by $STN holdings and staking duration
  3. Protocol Parameters: Participate in decisions regarding network upgrades, fee structures, and resource allocation

Staking Benefits

  1. Security Provision: Stake $STN & participate in network security
  2. Reward Generation: Earn staking rewards for contributing to network stability
  3. Tier-Based Benefits: Access enhanced platform features based on staking amount

Economic Incentives

  1. Liquidity Mining: Earn additional rewards by providing liquidity to designated pools
  2. Developer Rewards: Receive $STN tokens for contributing to the ecosystem's growth
  3. Community Initiatives: Participate in bug bounties and improvement proposals

Token Allocation

  1. Community Incentive (20%): 2,000,000 tokens are allocated to community-driven initiatives. These include incentivized testnet participation, staking reward programs, and strategic community development activities.

  2. Initial RollApps Offering (IRO) (30%): 3,000,000 tokens are reserved for public token sale events. This ensures broad token distribution and enables community-driven governance participation.

  3. Team & Advisors (10%): 1,000,000 tokens are set aside for the core development team and strategic advisors. These tokens are subject to long-term vesting schedules aligned with project milestones.

  4. Ecosystem Fund (10%): 1,000,000 tokens are dedicated to fostering ecosystem growth. This includes grants, developer incentives, and strategic integrations with complementary protocols.

  5. Liquidity (20%): 2,000,000 tokens are allocated to establish and maintain deep liquidity pools across decentralized and centralized exchanges. This ensures market stability and trading efficiency.

  6. Partnerships & Marketing (10%): 1,000,000 tokens are earmarked for strategic partnerships, ecosystem expansion initiatives, and comprehensive marketing campaigns to drive sustainable protocol growth.

Vesting & Lock-Up Schedule

Community Incentive

  • Airdrops: 100% unlock at TGE (Token Generation Event). 20% of the total supply, 10% for Initial distribution; the remaining 10% will be announced later.

Initial RollApps Offering (IRO)

  • 100% unlocked at TGE (Token Generation Event).

Team & Advisors

  • Team Tokens: 4-year vesting with a 1-year cliff.
  • Advisor Tokens: 2-year vesting with a 6-month cliff.

Ecosystem Fund & Marketing

  • Tokens are released based on milestones or project requirements to ensure a strategic approach to fund utilization.

Roadmap

Phase 1: Launch

  • Conduct the Initial RollApps Offering (IRO).
  • Deploy the Sirath Network mainnet.
  • Launch new campaigns to incentivize early adopters.

Phase 2: Ecosystem Growth

  • Introduce comprehensive developer grants to encourage innovation.
  • Integrate decentralized applications (dApps) and establish strategic partnerships.
  • Expand liquidity pools across decentralized (DEX) and centralized exchanges (CEX).

Phase 3: Community Expansion

  • Host global hackathons and community-driven events.
  • Roll out advanced features for RollApps to enhance functionality and usability.
  • Target new markets and regional expansions to grow the Sirath Network user base.

Conclusion

The Sirath Network is committed to becoming a leading platform for decentralized application deployment, fostering innovation, and driving blockchain adoption on a global scale. With a robust tokenomics model, a clear roadmap, and a focus on community-driven growth, Sirath Network is positioned to set new standards in the blockchain space. Join us on this journey to transform the future of decentralized applications!