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Tokenomics

The tokenomics of the $SNSY token are designed to create a sustainable and thriving platform within Sensay, supporting our mission in digital replication. The $SNSY token sale and distribution was completed via a fair public sale. There was no pre-sale or private sale.

Launch Date: Q1 2024 Launch Price: $0.001 per token. Network: Ethereum, Arbitrum, Base Primary DEX: Uniswap, SushiSwap CEX: MEXC

Participation Requirements:

  • Participants had to register an account on Sensay.io to be whitelisted for the launch.
  • Participants had to use an ERC20-compatible wallet.
  • Excluded participants from specified restricted countries. As of December 2023, the list of restricted countries is Afghanistan, Algeria, Bangladesh, Belarus, Bosnia and Herzegovina, Burundi, Central African Republic, China, Democratic People’s Republic of Korea, Democratic Republic of the Congo, Egypt, Guinea, Republic of Guinea-Bissau, Haiti, India, Iran, Iraq, Lebanon, Libya, Kazakhstan, Mali, Myanmar, Qatar, Oman, Morocco, Nepal, Nicaragua, North Macedonia, Russia, Saudi Arabia, Somalia, South Sudan, Sudan, Syria, Tunisia, Turkey, USA, Venezuela, Vietnam, Yemen, Zimbabwe

The token was available to buy or sell via Uniswap as an official Decentralised Exchange (DEX) from its IDO (Initial DEX Offering) and thereafter. Token holders can also create their own liquidity pools on Decentralised Exchanges. Through market-making strategies and partnerships, we will actively manage the token's presence on our official exchanges.

Allocation:

  • Public Sale: 20% (2,000,000,000 tokens) to foster widespread community involvement. These tokens had a 20% unlock on TGE and 20% monthly for 4 months.
  • Platform Development: 15% (1,500,000,000 tokens) for ongoing enhancements and features development of the Sensay platform. Monthly unlock over 48 months.
  • Team and Advisors: 10% (1,000,000,000 tokens) with a 6-month cliff and vesting period of 4 years to ensure long-term commitment. 5% (50,000,000 tokens) will be distributed at public sale.
  • Future Team: 10% (1,000,000,000 tokens) to be offered to future employees, advisors, and team members as incentives, salary and bonuses. Vesting over 4 years.
  • Community Incentives: 10% (1,000,000,000 tokens) for user engagement, staking rewards, and community growth.
  • Partnerships and Collaborations: 5% (500,000,000 tokens) to build and strengthen the Sensay network. Monthly unlock over 48 months.
  • Marketing: 10% (1,000,000,000 tokens) for broad-scale marketing and promotional activities to achieve aggressive growth and brand awareness. Including social to earn, and learn to earn initiatives.
  • Exchange Listings: 5% (500,000,000 tokens) to ensure liquidity and accessibility across cryptocurrency exchanges. Monthly unlock over 48 months.
  • Reserve Fund: 15% (1,500,000,000 tokens) set aside for unforeseen expenses, contingencies, and strategic initiatives. Monthly unlock over 48 months.

Circulating Supply Key Milestones:

  • April 2024 TGE: 500m tokens were unlocked from the public sale along with 700m tokens provided for liquidity and other incentives.
  • August 2024: Public sale vesting will be complete, with around 3.2b tokens in circulation. (Public Sale 20%, Liquidity 7%, other unlocks 5%)
  • April 2025: 4b tokens in circulation. This includes some team, staking, and marketing unlocks.
  • April 2026: 5b tokens in circulation. Tokens locked into liquidity, burned, distributed and earned.
  • April 2027: 6bn tokens in circulation. Tokens locked into liquidity, burned, distributed and earned.
  • April 2028: 7bn tokens in circulation. Reserve Fund and other tokens remain locked.

Token Mechanisms:

Deflationary Supply: The $SNSY token has a fixed supply of 10,000,000,000. Tokens may be burned from time to time as part of community activities, or business operations.

Liquidity Provision: Tokens may be used within the Sensay platform to purchase subscriptions and other goods and services within the platform. A portion of these tokens will be locked into official DEX. The LP token for this locked liquidity will be kept indefinitely in the Sensay Treasury.

Multi-Chain Future: The $SNSY token was developed with a LayerZero OFT (Omnichain Fungible Token). The Omnichain Fungible Token (OFT) Standard allows fungible tokens to be transferred across multiple blockchains without asset wrapping or middlechains. The OFT enabled $SNSY to be deployed to Arbitrum and Base to enable fast, cheap transactions of the utility token within the Sensay platform.

For full information about the $SNSY IDO, visit: https://asksensay.medium.com/everything-you-need-to-know-about-sensay-and-the-upcoming-public-sale-and-ido-of-snsy-token-a442d2af3a2c