Tokenomics
Our Smol universe is powered by the Smol Token, which we went ahead and named XXS.
We have carefully considered the Smol token model for the long run, as we have big plans for our smols in the years to come. XXS can be used for betting on races and earning revenue share (which include partial token trading fees and blast-native yields).
The Smol token (XXS) starts out as an ERC20 token on the Ethereum blockchain and is bridged to Blast (ERC20) for community and full on-chain games operation.
XXS Token Metrics
Total Supply: 100,000,000 XXS
Initial Circulating Supply: 40,000,000 XXS
Blast Trading Tax
| Buy | Sell | Division | Description | |
|---|---|---|---|---|
| 0.0% | 0.0% | ➡️ | --- | --- |
Ethereum Uniswap Trading Tax
| Buy | Sell | Division | Description | |
|---|---|---|---|---|
| ↗️ | 1/3 -> Staking Pool | 1% of Uniswap volume as staking rewards | ||
| 3.0% | 3.0% | ➡️ | 1/3 -> Smols Fund | 1% of Uniswap volume for expanding the smols’ habitat |
| ↘️ | 1/3 -> Team | 1% of Uniswap volume sent to team multisig wallet |
XXS Initial Token Allocation Structure
| Allocation | Percentage | No. Tokens | Description |
|---|---|---|---|
| Token Sale | 20.0% | 20,000,000 XXS | initial token sale & distribution |
| Liquidity Vault | 10.0% | 10,000,000 XXS | reserved for adding and managing liquidity needs |
| Prize Pool | 10.0% | 10,000,000 XXS | token reserve for special rounds and events |
| Marketing | 15.0% | 15,000,000 XXS | token incentives for marketers & community |
| Staking Pool 🔒 | 20.0% | 20,000,000 XXS | 1+ years allocation for base staking rewards |
| Treasury 🔒♻️ | 15.0% | 15,000,000 XXS | vested, relocking project treasury |
| Team 🔒⌛ | 10.0% | 10,000,000 XXS | locked team members allocation |
Emissions Projections
Initial Circulating Supply will be ~ 40,000,000 XXS.
XXS Emission Projection Charts
After the fist year ~ 70,000,000 XXS will be in circulation.
We estimate that ~ 85% of XXS tokens will be in circulation at the 2 years mark, maybe more.
Staking pool tokens are permanently locked in the staking contract and can only be released as rewards for staking. Treasury tokens are vested recurrently for 3 month at a time. Team tokens are staked and locked for 10 years.