Deflationary Mechanism
Last updated
Last updated
The entire token supply is planned to be distributed over a period of 4 years. However, due to the unique deflationary initiative, the total supply of 100 million tokens will never be reached. The primary objective of the deflationary mechanism is to positively impact the unit token price by gradually reducing the $SATORI token supply to a determined level.
The $SATORI token has a fixed supply of 100M tokens and its deflationary structure is designed to be completed in 3 steps:
The deflationary function is scheduled to be initiated on July 30, 2024.
A certain amount of SATORI tokens is burned with each transfer. The burn rate is set at 1.5% per transfer until the total supply decreases from 100M to 85M.
The token burn rate will be 3% per transfer once the total supply decreases to 85M. This 3% burn rate will apply until the total supply drops to 75 million.
The token burn rate will be 5% per transfer until the total supply decreases from 75M to 50M. The deflationary process ends once the total supply decreases to 50 million, which is half of the initial total supply.
In addition to supporting the unit $SATORI token price by gradually reducing the token supply over time, the $SATORI token's deflationary mechanism also incorporates certain exemptions for promoting compliance in the operation of the protocol.
Exemptions:
No fee: There is no fee & burn for swaps on DEXs like Uniswap.
Users holding at least 0.1% (100,000 $SATORI) of the total supply are exempt from deflation.
The Satori launchpad, bridge, staking, farming, and other DeFi contracts are exempt from the deflationary mechanism.
According to the current token mechanism, the final $SATORI token supply is projected to be as low as 50M units. However, the actual SAT token supply will be less than 50M due to the burning of fees applied in the operation of the platform, as explained in the staking, launchpad, and bridge descriptions.