Transition to PostState Blockchain security

Transitioning to PostState Blockchain security means the following:

The $SIGNAL token will stop to be used as a security token and will only be used as an economic token and governance token, for:

For Validators:

For Delegators (stakers):

  • Delegators (stakers) of $SIGNAL will receive PostState citizenship, will no longer receive rewards for staking $SIGNAL, but as Citizens, will begin to receive Unconditional Income from PostState

  • $SIGNAL delegators (stakers) will receive a $UNIT drop proportional to their $SIGNAL stake

  • Delegators (stakers) of $SIGNAL will be able to continue staking $SIGNAL, but not for the purpose of receiving rewards for staking, but for the purpose of participating in the decentralized management of the Sputnik Network App-chain

For Liquidity Providers paired with $SIGNAL:

  • Liquidity Providers will receive PostState citizenship, will no longer receive compensation for providing liquidity in pairs with $SIGNAL, but will continue to receive all swap commissions, and, like Citizens, will begin to receive Unconditional Income from PostState

  • Liquidity Providers will receive a drop of $UNIT proportional to the liquidity they supply in pairs with $SIGNAL

Transition period rewards

Throughout the transition to the PostState Blockchain security, validators, delegators and liquidity providers will receive rewards from the Community Pool:

  • From the Community Pool will be allocated an amount of $SIGNAL in equivalent to rewards during network inflation by 14.29%, but at the same time, new $SIGNAL tokens will not appear

Burning of $SIGNAL

After the finishing of Sputnik Network's transition to the security of the PostState Blockchain, all remaining $SIGNAL tokens from the Community Pool will be burned and the $SIGNAL Maximum Supply will be reduced by approximately 30%

Future of Sputnik App

  • Sputnik App will become one of the key elements of the economic infrastructure of the PostState Blockchain

  • The functionality of the Sputnik App will be developed using the PostState Blockchain budget

  • With an increase in the functionality of the application and zero inflation, as well as with continued demand for the functionality of the Sputnik App, the price of the $SIGNAL token will have to increase

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