Transferring the network's native tokens among users

Transactions processing

Smart contracts and decentralized backend executing

Computing

Front-end code, NFT files, and so on

Files storing

a unique token that entitles your node to participate in the consensus

Node provider NFT

a unique token that entitles your node to store data

Storage provider NFT

a unique token that entitles you to form and manage a new chain

Chain NFT

How to get SK tokens

It's pretty simple: go to the Power Hub and choose Faucet tool to get test tokens

If you are a developer or researcher you're probably curious how to get test tokens so you can start testing or building something now

To utilize

If you're a part of web3 team please contact us via e-mail: partner@thepower.io

The best way to get SK tokens is to participate in our various incentivized campaigns. Please go to the Community page to check actual campaigns out

To earn

Node providers reward model

The network takes a commission from dApp users and developers for different types of network actions (described earlier) and distributes it among the node providers

Network Fee

There are two ways to be rewarded as a node provider:

Minting is a subsidy that is paid as an additional reward to the node till the network is not loaded with commercial transactions enough. SK release over time as rewards for producing data blocks by node provides

Minting

It has an extremely low volatility. It is used for a very large number of payments. That's why we use it to make stable tokenomics

The SDR was introduced by the IMF in 1969 as an additional international reserve and the most stable asset. The IMF publishes index rates on a daily basis

In order to minimize volatility transaction and service costs are calculated with XDR (SDR) index

- The competitiveness of service costs

- Minimum internal volatility

The base token economics operates in accordance with two important criteria:

Index XDR (SDR)

Stable token economics

The network has instruments for long-term value locking in the nodes and chains NFTs

Our go-to-market strategy is focused on the acquisition of web3 projects with a large number of users and transaction rate to maximize the network consumption and, therefore, growth of TVL (total value locked) The base token economics operates in accordance with two important criteria:

Sustainable economic growth

The more transactions we have in the network, the more market demand SK token will have. Thus the token market value will organically increase

Token distribution

Foundation

10.00%

Token sale

28.80%

Team & Advisiors

14.20%

Power_hub (ecosystem, grands, etc)

10.00%

Node reward (miting tokens)

12.00%

Commutity

20.00%

Liquidity Pool

5.00%

Tokens

pct.

Token Allocation

50,000,000

10.00%

Foundation

144,000,000

Token sale

28.80%

71,000,000

Team & Advisiors

14.20%

50,000,000

Power Hub (ecosystem, grands, hackathons, etc)

10.00%

60,000,000

Node reward (Miting tokens)

12.00%

100,000,000

Community (Incentivized Marketing)

20.00%

25,000,000

Liquidity Pool

5.00%

500,000,000

100.00%

Total supply

Token circulation model