Token Supply

Total Supply

The total supply of SORIC token is capped at 1,000,000,000 units. This finite supply ensures scarcity and helps in maintaining the token’s value over time.

Initial Token Distribution

The distribution of the SORIC tokens is meticulously planned to ensure the long-term viability and growth of the platform. Here’s the initial allocation:

Liquidity Provisioning (LP): 600,000,000 SORIC (60%)

A majority of the tokens are allocated for liquidity provisioning. This includes ensuring liquidity on decentralized exchanges and other liquidity pools. To prevent market manipulation and maintain price stability, these tokens are subject to lock-up periods and a gradual release strategy.

Founders and Team: 100,000,000 SORIC (10%)

Allocated for founders and the team, these tokens are vested over 4 years with a 1-year cliff. This aligns the team’s incentives with the long-term success of the platform, ensuring they remain committed to Solaric’s vision. It also provides a robust incentive structure for attracting future talent.

Community: 150,000,000 SORIC (15%)

Dedicated to the community, this allocation supports rewards for staking, participation in governance through a decentralized autonomous organization (DAO), airdrops, and user engagement, including verifying energy production. It emphasizes the importance of community involvement in driving the platform’s evolution.

Partnerships and Collaborations: 100,000,000 SORIC (10%)

This portion is reserved for strategic partnerships and collaborations that add value to the Solaric ecosystem. It includes alliances with solar project developers, clean energy advocates, and blockchain technology integrations, creating a broad and beneficial network.

Marketing: 50,000,000 SORIC (5%)

These tokens are allocated for marketing efforts aimed at increasing platform adoption, user acquisition, and overall awareness. Activities covered include public relations, advertising, community events, and sponsorships to foster a strong and active Solaric community.