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:
Transaction fees on Sputnik DEX, Sputnik dApp and any other dApps that will be created on the Sputnik Network App-chain
Payments for Sputnik App functionality
Decentralized governance of Sputnik Network, Sputnik DEX, Sputnik dApp and any other dApps that will be created on the Sputnik Network App-chain
For Validators:
PostState Blockchain validators will begin to provide security for Sputnik Network App-chain
Sputnik Network validators will be able to stop validating Sputnik Network and will be given the opportunity to start validating PostState Blockchain
All transaction fees on Sputnik DEX, Sputnik dApp and any other dApps that will be created on the Sputnik Network App-chain will be sent to the PostState Blockchain budget and distributed between validators and PostState citizens
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 10%
Burning of $SIGNAL
After the finishing of Sputnik Network's transition to the security of the PostState Blockchain, all non-used $SIGNAL from StakingRewards Pool, Liquidity Rewards Pool, Community Pool and PayFees Pool - will be burned
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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