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Update $SVMAI token documentation with correct allocation information
Co-authored-by: 0xrinegade <[email protected]>
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docs/svmai-token.md

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@@ -79,50 +79,31 @@ The $SVMAI token is the native utility token of the Solana AI Registries ecosyst
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## Economic Model
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### Token Allocation
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### Token Allocation & Circulation Status
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The total supply of $SVMAI tokens is capped at 1,000,000,000 (1 billion) tokens, with the following allocation:
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The $SVMAI token was launched with 100% of the tokens already unlocked and in circulation. The token contract address is: `Cpzvdx6pppc9TNArsGsqgShCsKC9NCCjA2gtzHvUpump`
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- **Protocol Development & Treasury**: 30% (300M tokens)
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- Initial development funding
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- Ongoing protocol improvements
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- Security audits and technical infrastructure
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Key characteristics:
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- **Total Supply**: Fixed supply as defined at launch
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- **Circulation Status**: 100% of tokens already unlocked and in circulation
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- **Initial Distribution**: Completed during token launch
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- **Ecosystem Growth**: 25% (250M tokens)
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- Grants for builders and integrators
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- Hackathons and developer incentives
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- Strategic partnerships and integrations
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### Token Utility Focus
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- **Community Rewards**: 20% (200M tokens)
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- Staking rewards
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- Curation incentives
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- Participation incentives
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With all tokens already in circulation, the $SVMAI token utility focuses on:
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- **Team & Advisors**: 15% (150M tokens)
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- Core team allocation (4-year vesting with 1-year cliff)
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- Advisors and early contributors
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- **Public Distribution**: 10% (100M tokens)
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- Initial exchange offerings
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- Community sales
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- Liquidity provision
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### Token Release Schedule
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To ensure sustainable growth and minimize market volatility, $SVMAI tokens are released according to the following schedule:
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- **Initial Circulation**: 15% of total supply available at launch
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- **Linear Release**: Remaining tokens released linearly over 4 years
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- **Stakeholder-Specific Vesting**: Customized vesting schedules for team, advisors, and strategic partners
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- **Governance-Controlled Treasury**: Release of treasury tokens subject to governance votes
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- **Ecosystem Participation**: Enabling participation in the protocol ecosystem
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- **Governance Rights**: Providing voting power for protocol governance
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- **Service Access**: Facilitating access to registry services
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- **Future Revenue Sharing**: Potential for token holders to benefit from protocol revenue
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### Value Capture Mechanisms
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The $SVMAI token is designed with multiple value capture mechanisms:
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The $SVMAI token is designed with value capture mechanisms primarily focused on future revenue:
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1. **Fee Capture**: A percentage of registration and service fees are used to buy back and burn $SVMAI tokens
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2. **Staking Requirements**: Various protocol functions require active staking, reducing circulating supply
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3. **Governance-Driven Scarcity**: Token holders can vote to adjust monetary policy including potential burn rates
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1. **Future Revenue Sharing**: Protocol revenue may be distributed to token holders in various forms
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2. **Staking Opportunities**: Potential for staking-based rewards from future protocol revenue
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3. **Governance-Driven Value**: Token holders can vote on revenue distribution models
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4. **Utility-Driven Demand**: Increasing usage of the protocol drives demand for the utility functions of the token
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## Token Integration with Protocol Components
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## Protocol Revenue Distribution
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Revenue generated from the protocol is distributed as follows:
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Future revenue generated from the protocol may be distributed according to a model determined through governance, which could include:
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- **Holder Benefits**: Direct or indirect benefits to token holders
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- **Development Fund**: Allocation to ongoing protocol development
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- **Treasury Building**: Building protocol reserves for sustainability
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- **Community Programs**: Funding for ecosystem growth initiatives
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- **Token Burning**: 40% of revenue used for token burning
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- **Staking Rewards**: 30% distributed to token stakers
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- **Development Fund**: 20% allocated to ongoing protocol development
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- **Community Treasury**: 10% managed by governance for ecosystem initiatives
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The specific revenue distribution model will be determined through governance processes and may evolve as the protocol matures.
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## Ecosystem Sustainability
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