🪙Simplinomics
The total supply of $SIMPLI token is 1,000,000,000 tokens. $SIMPLI is a utility token to be used for platform value accrual and governance. Users will be able to stake $SIMPLI to unlock smarter AI models in the future.
NOTE:
*Subject to a 24-month vesting schedule with quarterly equal vesting started in Mar. 2023
**Subject to a 24-month vesting schedule with quarterly equal vesting after the partnership agreement. Stay tuned!
***Subject to a 12-month vesting schedule with equal vesting in months 1 to 12 started in Aug. 2021
Farm Value Accrual
5% of the farmed value will be used to buyback and burn $SIMPLI. SIMPLI's value can increase by:
A larger TVL (Total Value Locked) - more money farmed -> more yield -> more buyback of SIMPLI
Smarter AI models -> increase yield and reduce risk -> more buyback of SIMPLI
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