Introducing SZO
The SZO token is a utility token that regulates incentivies and secures the network for token holders and suppliers of liquidity in the mining pool.
Token Supply - 230,000,000 SZO
Token Type - ERC20
Inflation - 5% a year or 11.5mil SZO per year.
There are 2 ways to get SZO. Which is to provide liquidity into the ShuttleOne.Network. You get it as a reward for supporting the protocol.
The other method is to buy it off exchanges should it be listed.
ShuttleOne is not doing a token sale, neither are we raising monies via tokens. There are no private sales, nor pools for investment. Please check with our official channels for clarifications.
The primary use case of the SZO token is access payment to utilize the products and services offered by the ShuttleOne.Network to our users.
Merchants who taps on the ShuttleOne.Network of products, for services such as onchain risk management, credit for trade financing, kyb and aml regulatory compliance and remittance pays a fee set by the network in SZO.
Token holders are incentivised by holding onto the SZO token as more SZO is burnt whenever there is a transaction done via the network.
Liquidity suppliers to the ShuttleOne.Network enjoys a rate of return per second in SZO that is shared to liquidty providers paid out per block. The rate per 30 days is as follows:
Should liquidity suppliers wish to support the network for longer terms the rewards grows exponentially of the above rewards to the power of 1.2.
ShuttleOne will be releasing announcements of Governance & Vaults related details in Q4 2020. We plan to deliver these before Q3 2021.
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