🪙
Token Economy

Ⅰ. Dual Token Mechanism

SecondLive economic system consists of two kinds of tokens: governance token SLT and incentive token Bean.
SLT (SecondLive Token) is the adhesive that binds all members of SecondLive Community together, and the governance token of the whole platform.
Beans are used to stimulate the output of various behaviors of users on the platform, including: operating space, experiencing games, creating content, completing specific tasks, participating in operational activities, etc. Users holding beans can participate in staking and obtain SLT tokens.

. SecondLive Token

SLT is the BEP20 governance token of SecondLive. Holders will shape the future of SecondLive by supporting the upgrading of the ecosystem and guiding the use of community funds.
  • Name of token: SecondLive Token
  • Short for token: SLT
  • Total supply: 1,000,000,000
Token Allocation

Allocation & Unlock Schedule

Allocation Item
Propotion
Token Quantity
Unlock Rule
Sponsor & Consultant
25%
250,000,000
Lock two years, quarterly released
Public Sale
5%
50,000,000
Unlock immediately
Ecological Construction
15%
150,000,000
Lock three years,quarterly released
Team
20%
200,000,000
Lock three years,semiannually released
Community Incentive
35%
350,000,000
Gradually released in ten years

Ⅲ. Bean Token

Incentive tokens for user behavior in SecondLive will be an unlimited supply.
There are different roles in SecondLive, such as creator, operator and ordinary user. We encourage users to participate in the construction of SecondLive through Beans and encourage more users to join. After obtaining Beans, you can stake Beans for SLT.
There will be more ways of earning Beans with the variety of products offered.

The Output of current Bean

The output of Beans: After users create Space, according to the conditions of active users in their Space, the Space will automatically produce Beans to bring income to the creator. The more active a Space is, the more Beans that will be produced.
Other outputs: Users can get Bean incentives from playing games, chatting, working, AMAs, and decorating Space in the SecondLive world.

Consumption of current Bean

SecondLive will provide a certain amount of SLT every week (currently 100,000 SLT) and the number will be modified with the increase of users and DAO governance. SLT will be put into the income pool for the incentive of staking Beans. Users can stake Beans to get SLT rewards. Beans in the income pool will be burned.
Last modified 10d ago