Safle Tokenomics: Empowering a Decentralized Future

Safle is an innovative platform with a well-structured tokenomics model at its core, designed to drive its decentralized ecosystem. The Safle token (SAFLE) plays a crucial role in ensuring security, utility, and governance within the platform. This article provides an in-depth look at the tokenomics of Safle, highlighting its various facets and future potential.

The $SAFLE token is a utility token that helps token holders to propose changes and steer the Safle ecosystem by creating proposals and voting on them.

Token Details:

• Token Name: Safle
• Token Symbol: SAFLE
• Token Type: Utility (In-wallet)
• Total Supply: 1,000,000,000
• Total Circulation: 178,000,000
• Base Chain: Polygon

Bridge: Celer (Polygon, ETH, BSC)

Here is the utility of the $SAFLE token.

1. Governance: SAFLE token holders are granted the power to participate in the decision-making processes of the platform. This decentralized governance model allows token holders to vote on key proposals, influencing the future development and direction of the Safle ecosystem. This ensures that the community has a say in important decisions, fostering a democratic and transparent environment.
2. Staking: Tokens can be staked to earn a yield and get access premium services in the Safle Wallet. This enhances the wallet’s usability, provides liquidity for payments & incentives the users to hold Safle token for a longer period of time.
3. Gas Fees: The token can be used to pay for services and transaction fees within the Safle ecosystem.The Token will be used as an intermediary for Gas Fees on multiple chains in order to provide users with seamless transactions across multiple chains without holding the native tokens, thus easing the user experience.
4. Payments: Safle tokens will be used at the native currency of the ecosystem for utilizing features, rewarding developers to contribute to Safle & the community for their efforts in enhancing the Safle’s ecosystem.
5. Incentives: $SAFLE token is used as an incentive for users and developers to engage with the platform using network effect economics.

Re-vesting

Safle team has revested their unlocked tokens for 2 years as a Proof of Commitment towards the community. Moreover, the unlocked supply for different pools have also been re-vested for 2 years. Only 17.8% tokens are in circulation as of 5th July 2024.

Distribution Model

Safle has implemented a strategic token distribution model to ensure fair allocation and support the platform’s growth. The total supply of SAFLE tokens is fixed to 1,000,000,000 tokens, with the allocation structured as follows:

| Particulars                        |  Allocation    |   Tokens allocated   |
|------------------------------------|----------------|----------------------|
| Community                          | 12.900%        | 129,000,000          |
| Staking Rewards                    | 19.464%        | 194,640,000          |
| Ecosystem                          | 12.500%        | 125,000,000          |
| Marketing                          | 9.400%         | 94,000,000           |
| Reserves unlocked                  | 5.000%         | 50,000,000           |
| Reserves vested                    | 8.840%         | 88,400,000           |
| Team                               | 2.500%         | 25,000,000           |
| Founders                           | 11.515%        | 115,150,000          |
| Previous Releases                  | 2.881%         | 2,881,000            |
| Early backers & Prior Allocations  | 15.000%        | 150,000,000          |

Users who stake their SAFLE tokens can earn rewards, promoting long-term holding and contributing to the stability and security of the network. This incentivizes users to remain engaged with the platform and benefit from their contributions.

Safle is committed to expanding the utility of its token and integrating more services into its ecosystem. The platform aims to continuously enhance the value proposition of the SAFLE token by introducing new features and functionalities. As the ecosystem grows, so will the opportunities for SAFLE token holders, ensuring a dynamic and evolving economic model.

About Safle

Safle is a decentralized platform focused on creating secure digital identities. By leveraging blockchain technology, Safle provides users with a self-sovereign identity system, ensuring privacy and control over personal data. The platform also offers a suite of tools for managing digital assets, making decentralized finance accessible and user-friendly. With a commitment to transparency and innovation, Safle is poised to revolutionize the way individuals interact with digital services.

To learn more about Saffle, visit:

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