Token $SIGNAL
"When Sputnik first crossed the sky, I looked up and thought about the predetermination of the future. After all, that little light, moving rapidly from one end of the sky to the other, was the future of all mankind."
1 $SIGNAL = 1,000,000 uSIGNAL
Max Supply: 1,024,000,000 $SIGNAL
Initial Token Release: 1,024,000,000 $SIGNAL
The main usability of the $SIGNAL token:
Payment for transactions in the Sputnik Network
All transactions within the Sputnik Network App-chain require payment in $SIGNAL
A user who has connected to the Sputnik App via the Web2 service and has not attached a Personal Address can send a limited number of "free transactions" daily - payment for such transactions will be made in $SIGNAL from the Community Pool
A user who has connected to the Sputnik App and attached a Personal Address can send an unlimited number of transactions, but must pay for transactions in $SIGNAL independently
Sending transactions by a list of addresses or by a list of usernames, from an Internal or Personal Address, is paid in $SIGNAL in the amount of: 1 $SIGNAL per 100 addresses and/or usernames - this is a changeable parameter that is regulated by validators and can be changed by a general vote when the market price changes $SIGNAL
Example:
If 1 $SIGNAL costs 0.10$, then to send tokens and/or NFTs to 100 addresses and/or usernames, the user must pay: 0.01$ for 10 addresses -> 0.001$ per address -> 1$ for sending to 1000 addresses
If the price of $SIGNAL goes up, and 1 $SIGNAL costs 1$, and users stop sending transactions to lists of addresses because the price is too high ($10 for sending to 1000 addresses), then validators will reduce the payment in $SIGNAL, and 1 $SIGNAL will be enough to pay for a transaction to 1000 addresses ($1 for sending to 1000 addresses)
If the price of $SIGNAL goes down, and 1 $SIGNAL costs 0.01$, and it is not profitable for validators to provide security network because the price is too low ($0.1 for sending to 1000 addresses), then the validators will increase the payment in $SIGNAL, and 1 $SIGNAL will be enough to pay for a transaction to 10 addresses ($1 for sending to 1000 addresses)
! Please note that this is just an example that describes the self-regulation mechanism between the market price of $SIGNAL and the utility of $SIGNAL
!! The actual numbers will be the result of a mutually beneficial consensus between the needs of users to send transactions and the interests of validators
Providing security for the Sputnik Network
Validators and delegators will be able to hold $SIGNAL to provide security for the network
Validators and delegators will receive a reward for holding $SIGNAL for the first three years, until the Sputnik App-Chain transfers security for the PostState network
Decentralized governance of the Sputnik Network
For staking $SIGNAL, validators and delegators will not only receive a reward for the first three years, but also Voting Power to participate in the Decentralized Governance of the Network
All issues related to changing parameters, such as payment for transactions by a list of addresses and/or usernames, will be resolved by creating and voting on proposals
Distribution of rewards for providing liquidity in pairs with $SIGNAL, both on Sputnik DEX and on other DEXs, will also be be determined through Decentralized Management
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