Tokenomics Overview
Solar Studios Tokenomics Overview
Introducing Solar, the native token powering the Solar ecosystem. Designed for scalability and innovation, Solar drives utility across its DEX, ecosystem partnerships, and staking rewards, while promoting decentralized adoption.
Token Name: Solar
Total Supply: 150 Million
Launch Price: $0.15 per token
Network: Eclipse
Contract Address: To be announced soon
The following sections detail the distribution of Solar Tokens, outlining how each allocation supports the ecosystem’s growth and long-term vision.
NFT Allocation (8%)
Companions mint will be launching on the Scope Marketplace on December 17th. Each NFT comes with a set amount of Solar Tokens, assigned based on tiers. These tiers are encoded in the metadata and determine the value of tokens included with the NFT.
Tier Information:
Tier 0: 150 NFTs, each comes with $200 worth of Solar Tokens.
Tier 1: 850 NFTs, each comes with $150 worth of Solar Tokens.
Tier 2: 2,000 NFTs, each comes with $100 worth of Solar Tokens.
Tier 3: 3,000 NFTs, each comes with $75 worth of Solar Tokens.
Tier 4: 4,000 NFTs, each comes with $50 worth of Solar Tokens.
Additionally, ASC Holders are eligible for an $80 bonus in Solar Tokens, regardless of the tier they mint. This ensures extra value for loyal members of the ecosystem while promoting broader adoption of the Companions NFTs. Bonus is applicate per wallet and not per NFT.
Team (7%)
The Solar team is composed of a dedicated and diverse group of professionals, ensuring the long-term success and growth of the ecosystem. This allocation represents 7% of the total token supply, which will be unlocked slowly over 24 months to align with the project’s milestones and maintain stability.
Team Composition:
3 Founders: Steering the vision, strategy, and execution of Solar’s ecosystem.
Head of Operations: Overseeing day-to-day operations and ensuring efficient execution of plans.
Head of Gaming: Driving the development and innovation within the gaming vertical.
Head of Partnerships: Cultivating strategic relationships and expanding the Solar ecosystem.
Animator & Artist: Bringing creativity to life through compelling visuals and design.
2 Full-Time Developers: Building and maintaining the infrastructure and features that power Solar.
3 Moderators: Managing community engagement and social media to foster a strong and vibrant user base.
A Safety-First Approach: To protect the ecosystem and the interests of token holders, team tokens are vested over 24 months, ensuring gradual unlocks that prevent sudden supply shocks. This measured approach guarantees that the team remains committed to the project’s long-term goals.
Marketing (5%)
The marketing allocation focuses on expanding Solar’s reach and onboarding new users to the ecosystem. By leveraging collaborations, strategic partnerships, and targeted campaigns, this fund ensures Solar’s visibility and adoption among key audiences.
Key Strategies:
Collaborations: Partnering with influencers, industry leaders, and complementary projects to amplify awareness.
Giveaways: Engaging the community through contests and token giveaways to boost participation.
User Onboarding: Creating educational resources and onboarding initiatives to welcome both Web3 natives and Web2 users into the ecosystem.
Ecosystem Partners (10%)
Solar is building a thriving ecosystem by empowering projects that utilize the Solar SDK and migrate liquidity to the DEX. This allocation supports partnerships with projects that align with Solar’s vision of decentralized growth.
Key Goals:
SDK Utilization: Incentivizing projects to integrate the Solar SDK into their operations, unlocking advanced DEX functionalities.
Liquidity Migration: Encouraging partners to migrate their liquidity to Solar DEX to enhance trading volume and liquidity depth.
Holistic Incentives: Supporting projects that use all aspects of the DEX, from swaps to staking, and actively participate in the Solar ecosystem.
CEX and DEX Listings (30%)
Solar’s initial listing will begin on its native DEX, ensuring a smooth launch and providing immediate access to trading. Liquidity will be strategically allocated to both the DEX and future CEX listings to ensure price stability and widespread availability of Solar Tokens.
Key Details:
DEX First: Liquidity will be provided to the Solar DEX to facilitate trading at launch.
CEX Rollout: In the weeks following the DEX launch, tokens will be listed on centralized exchanges (CEXs), backed by sufficient liquidity.
Liquidity Distribution: The 30% allocation ensures enough liquidity to support trading across multiple exchanges while maintaining robust liquidity pools on the DEX.
Seed and Private Round (7%)
The seed and private round tokens represent the contributions of early supporters who believed in Solar’s vision and helped propel its growth. These individuals—family, friends, and community members—played a pivotal role in Solar’s development.
Why This Matters:
Support for Development: Early contributions supported critical milestones, such as the DEX launch, audits, and infrastructure development.
Non-VC Backing: These tokens are allocated to individuals, not venture capitalists, emphasizing the grassroots and community-driven nature of Solar’s growth.
Acknowledgment: This allocation honors the unwavering belief and early support of these contributors, ensuring they remain part of Solar’s journey.
Vesting schedules ensure these tokens are unlocked gradually to maintain market stability while rewarding early believers.
Staking (15%)
Solar Tokens will offer staking opportunities in the near future, rewarding users for locking their tokens and supporting the network.
Key Details:
Rewards: Stakers will earn rewards in Solar Tokens, incentivizing participation in the ecosystem.
Percentage Allocation: A 15% allocation is dedicated to staking rewards, ensuring long-term engagement.
Future Developments: The exact percentage return for stakers is yet to be determined and will be announced closer to the staking program launch.
Airdrops / DEX Rewards (10%)
Solar rewards its active users by distributing tokens through airdrops and DEX incentives.
Key Details:
Airdrops: Users who participate actively on the DEX and achieve a reward badge will qualify for token airdrops.
DEX Rewards: Incentives are designed to encourage trading and liquidity provision on the DEX, driving engagement and activity.
Leaderboard: A leaderboard on the DEX will showcase top users, rewarding them for their contributions and participation.
Reserves (8%)
Solar’s reserves are a strategic allocation for unforeseen opportunities and long-term sustainability.
Use Cases:
Web2 Expansion: Solar is in discussions with Web2 companies to integrate the DEX and Studio, bridging traditional industries with decentralized technologies. Talks are progressing steadily but remain ongoing.
Over-the-Counter (OTC) Sales: Reserves can support OTC deals, with tokens vested to prevent supply shocks.
Additional Initiatives: Reserves may also be utilized for future airdrops, marketing campaigns, or additional staking incentives.
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