Whitepaper
  • Introduction
  • Problem Statement
  • Solution
    • Specialized Application Areas
      • Secure Web3 Wallet Application
      • Decentralized Professional Network and Work Platform
      • Fast and Secure Ramp System
    • Conclusion
  • Technology
    • Blockchain Infrastructure and Layered Architecture
    • Smart Contract Infrastructure and Automation Mechanisms
    • Decentralized Identity (DID) and Security Mechanisms
    • Fast and Secure Ramp System Infrastructure
  • Tokenomics
    • Token Use Cases and Functionality
    • Token Supply and Distribution Model
    • Deflation Mechanisms and Token Burning (Burning Mechanism)
    • Governance and Decentralized Voting Mechanism
    • Ecosystem Incentives and Sustainability Model
    • Conclusion
  • Use Cases
    • Secure Web3 Wallet Usage
    • Decentralized Professional Network and Job Platforms
    • Fast and Secure Fiat-Crypto Ramp System
    • Smart Contract-Based Financial Services
    • Conclusion
  • Risks and Mitigation Strategies
    • Security Risks & Mitigation Strategies
    • Scalability & Network Congestion Risks
    • Regulation & Legal Compliance Risks
    • Market Volatility & Liquidity Risks
    • Conclusion
  • Conclusion
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  1. Tokenomics

Token Use Cases and Functionality

The Solvex token serves a variety of use cases within the ecosystem, fulfilling critical functions like value transfer, governance, incentive mechanisms, and security measures.

  • DeFi Transactions: The Solvex token is used as a core asset for liquidity mining, yield farming, and cross-chain transfers within the decentralized finance (DeFi) ecosystem.

  • Payment Tool: It is used to access services on the Solvex platform, execute smart contract transactions, and pay gas fees.

  • Staking and Delegation: Users can stake their tokens to contribute to network security and earn rewards. Additionally, they can delegate their tokens to validator nodes for passive income.

  • Governance: Token holders have voting rights in the decentralized governance model, participating in critical decisions regarding the ecosystem via a DAO (Decentralized Autonomous Organization).

  • Discounted Transaction Fees: Tokens used for transaction fees on the Solvex platform offer discount benefits at specified rates.

  • NFT and Digital Asset Management: The Solvex token is also utilized for minting, staking, and trading within the NFT ecosystem.

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Last updated 1 month ago