Token Economics

Overview

SmartMall Token (SMT) is the native token of the Smart Mall ecosystem, designed to power decentralized commerce and facilitate platform transactions. SMT employs a structured minting, burning, and distribution mechanism to ensure a sustainable supply.

Token Details:

• Token Name: SMT (SmartMall Token)

• Primary Blockchains: Polygon / BNB Chain

• Consensus Protocol: Proof of Work

• Maximum Total Supply: 100 million tokens

• Burned Tokens: 79 million tokens

• Circulating Supply: 21 million tokens

• Token Lock-up: 100% (only minted through GUP conversion)

• Additional Minting: Not allowed

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2. Token Distribution and Minting Mechanism

2.1 Distribution Methods

SMT tokens are primarily distributed through the following channels:

• Airdrop: Rewards for early adopters and participants

• Initial Bounty Offering (IBO): Incentives for early user engagement

• Initial DEX Offering (IDO): Enables open market participation

2.2 Minting Protocol

• SMT tokens are exclusively minted by converting GUP tokens, with no additional issuance allowed post-launch.

• Minting Ratio: During each conversion, 3% of the burned GUP tokens are used to mint SMT.

• NFT Integration Ratio: The conversion ratio related to NFTs ranges between 70% and 100%.

• Minting Resource: GUP is the sole required resource for minting SMT.

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3. Minting Difficulty Adjustment Mechanism

SMARTMALL Token employs a dynamic difficulty adjustment mechanism to regulate token minting.

Formula:

Sn=n×a1+n(n−1)2×dS_n = \frac{n \times a}{1 + \frac{n(n-1)}{2} \times d}Sn​=1+2n(n−1)​×dn×a​

Note: In the formula, aaa is the initial exchange rate and ddd is the difficulty adjustment factor. Please supplement with detailed formulas as needed based on actual conditions.

Parameters:

• Initial Exchange Rate: 10 GUP = 1 SMT (Ratio: 10:1)

• Maximum Exchange Rate: 1000 GUP = 1 SMT (Ratio: 1000:1)

• Difficulty Adjustment: For every 1 million GUP burned, the difficulty increases by 0.1, until the minting ratio reaches the hard cap of 1000:1.

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4. Revenue Distribution Model

The revenue distribution mechanism, executed through smart contracts, ensures fair allocation of earnings among participants:

• 80% of the Generated Revenue: Directly distributed to token holders' wallets.

• 20% of the Revenue: Allocated for liquidity provision (LP), reflecting token holders' shares in joint distribution.