SPAY
SPAY is the operational token of the Script.TV blockchain is used as “gas” and for rewards. SPAY tokens total circulation will be 5,000,000,000.
When the blockchain is fully launched, the SPAY token will be distributed at an expected starting price of $0.005. Unlike the SCPT token, the SPAY token can only be obtained by using Script Network or by purchasing it on the public market (Uniswap, etc.). Users can earn SPAY tokens by watching ads or caching. SPAY can be sold to advertisers who pay for their ads on the Script.TV network.
SPAY token will be highly liquid; therefore, an annual increase in supply starting from the second year will be set at a rate of 9%. In order to avoid the devaluation of SPAY due to the annual token volume growth, about 25% of each transaction fee will be burned at the protocol level. This will become the cost of using the network and balance the price and volume of SPAY tokens.
The breakdown of the tokens are as follows. Tokens are not pre mined and team + airdrop tokens will be locked for 1 month, then vesting for 6 months thereafter. Team tokens will follow the same vesting schedule as SCPT for team (6 months cliff, then 20 months vesting thereafter). This means there will be a fraction of the total supply in circulation from launch, and for a relatively considerable amount of time thereafter.
50% scriptGLASS rewards
5 % validator and lightning rewards
5% edge node rewards
10% SPAY staking rewards
5% team
10% marketing reserve
5% token liquidity
10% airdrop + giveaways
SPAY Utility
Last modified 5mo ago