Overview

SPL TOKEN – TOKENOMICS AND USE CASES

SPL Token is the foundational token of the SuperWAL ecosystem, designed to facilitate transactions, validator rewards, staking, decentralized governance, and cost optimization on Walchain – a Layer 1 blockchain integrating SCP (Stellar Consensus Protocol) and ZK-Rollup from the ground up.

SuperWAL contract: 0x79422A1725c9d0CA16F5D0037ED340C1afbdF429

1. Overview of SPL Token

1.1. What is SPL Token?

SPL (SuperWAL Protocol Layer) is the native token of the Walchain ecosystem, serving as the central component for executing transactions, participating in governance, staking, and providing economic incentives within the SuperWAL ecosystem.

Key Features of SPL Token:

Token Standard: SPL follows a custom standard unique to Walchain (not SPL-20 like Solana or ERC-20), optimized for SCP and ZK-Rollup.
Multi-Chain Connectivity: SPL can be transferred to Ethereum, BSC, and Polygon via an asset bridge, despite Walchain’s lack of direct EVM compatibility.
Fixed Supply: Limited to a total supply of 1 billion tokens, ensuring long-term value preservation.
High Transaction Speed: Leveraging SCP and ZK-Rollup at Layer 1, SPL processes tens of thousands of transactions per second with near-zero fees.

1.2. Role in the Ecosystem

SPL is more than just a payment token; it plays critical economic and technical roles within SuperWAL:

Medium of Exchange: Used to pay transaction fees on Walchain, as well as for swaps, staking, farming, and liquidity provision in the DeFi ecosystem.
Network Governance: SPL holders can vote on network upgrades or tokenomics policy changes through the DAO system.
Validator Rewards: Validator nodes earn SPL for verifying transactions and generating ZK-Rollup proofs, without traditional “mining.”
Economic Incentive: SPL supports staking for passive rewards, yield farming, and powers the NFT marketplace, GameFi, and SocialFi within SuperWAL.

2. Use Cases of SPL Token

2.1. Transaction Fees on Walchain

SPL Fee Model:

Layer 1 (SCP + ZK-Rollup): Transaction fees are extremely low (~0.0001 SPL) due to ZK-Rollup compressing thousands of transactions into a single proof.
Asset Bridge Fees: A small fee applies when transferring SPL between Walchain and other blockchains (Ethereum, BSC, Polygon) for cross-chain processing.

Fee Mechanism with ZK-Rollup:

Transactions are processed off-chain → Batched via ZK-Rollup → Verified with zk-SNARKs → Fees are only charged when data is recorded on Layer 1.

2.2. Validator Rewards

How It Works:

Users don’t “mine” SPL via PoW; instead, validators (including light nodes) earn rewards by performing transaction verification tasks.
Validators receive SPL for participating in SCP consensus and generating ZK-Rollup proofs.

Reward Distribution Formula:

Reward (SPL/hour) = Base × Performance × Contribution Weight
- Base: Minimum reward for validators.
- Performance: Based on uptime and accuracy.
- Contribution Weight: Increases with the number of transaction batches processed.

2.3. Decentralized Governance

How SPL Supports Governance:

SPL holders can propose and vote on major ecosystem changes, such as consensus algorithm upgrades, staking policy adjustments, or tokenomics reallocations.
SuperWAL’s DAO system uses custom smart contracts (non-EVM based) to ensure transparency and tamper-proof voting.

DAO Voting Model:

SPL holders → Propose network upgrades → Vote via DAO → Reach consensus threshold → Implement on Walchain.

2.4. Staking and Yield Farming

How It Works:

Staking: Users lock SPL into pools to earn passive rewards while enhancing network security and liquidity.
Yield Farming: SPL is used to provide liquidity in DeFi pools on Walchain.

Staking Reward Model:

Users lock SPL → Earn rewards based on staking ratio → Contribute to network stability.

3. Inflation Control and Deflation Mechanisms

3.1. Deflation Mechanisms of SPL

Token Burning: A portion of transaction fees is permanently burned to reduce SPL supply.
Limited Issuance: No additional SPL tokens are issued after reaching the 1 billion token cap.
Staking Lock: Encourages long-term SPL locking, reducing circulating supply.

3.2. Supply Control Strategies

Gradual Reward Reduction: Validator rewards decrease as the network matures (e.g., halved after every 1 million SPL distributed).
Automatic Buyback and Burn: When the network has excess liquidity, it buys back SPL from the market and burns it to reduce supply.
Long-Term Staking Locks: Offers higher APY for extended staking periods, incentivizing token retention.

Outcome: Ensures long-term value stability and sustainable growth for SPL!

4. Conclusion

SPL Token is the backbone of the SuperWAL ecosystem, enabling fast transactions (~2 seconds), low fees (~0.0001 SPL), and exceptional scalability through Walchain’s SCP and ZK-Rollup integration at Layer 1.
With roles in governance, staking, validator rewards, and DeFi/NFT applications, SPL drives Web3 development within SuperWAL.

SPL Token is not just a currency—it’s the economic foundation of the entire SuperWAL Web3 ecosystem!

PreviousQuorum Slice NextRoadmap

Last updated 1 month ago

Overview

SPL TOKEN – TOKENOMICS AND USE CASES

SuperWAL contract: 0x79422A1725c9d0CA16F5D0037ED340C1afbdF429

1. Overview of SPL Token

1.1. What is SPL Token?

Key Features of SPL Token:

Token Standard: SPL follows a custom standard unique to Walchain (not SPL-20 like Solana or ERC-20), optimized for SCP and ZK-Rollup.
Multi-Chain Connectivity: SPL can be transferred to Ethereum, BSC, and Polygon via an asset bridge, despite Walchain’s lack of direct EVM compatibility.
Fixed Supply: Limited to a total supply of 1 billion tokens, ensuring long-term value preservation.
High Transaction Speed: Leveraging SCP and ZK-Rollup at Layer 1, SPL processes tens of thousands of transactions per second with near-zero fees.

1.2. Role in the Ecosystem

SPL is more than just a payment token; it plays critical economic and technical roles within SuperWAL:

Medium of Exchange: Used to pay transaction fees on Walchain, as well as for swaps, staking, farming, and liquidity provision in the DeFi ecosystem.
Network Governance: SPL holders can vote on network upgrades or tokenomics policy changes through the DAO system.
Validator Rewards: Validator nodes earn SPL for verifying transactions and generating ZK-Rollup proofs, without traditional “mining.”
Economic Incentive: SPL supports staking for passive rewards, yield farming, and powers the NFT marketplace, GameFi, and SocialFi within SuperWAL.

2. Use Cases of SPL Token

2.1. Transaction Fees on Walchain

SPL Fee Model:

Layer 1 (SCP + ZK-Rollup): Transaction fees are extremely low (~0.0001 SPL) due to ZK-Rollup compressing thousands of transactions into a single proof.
Asset Bridge Fees: A small fee applies when transferring SPL between Walchain and other blockchains (Ethereum, BSC, Polygon) for cross-chain processing.

Fee Mechanism with ZK-Rollup:

Transactions are processed off-chain → Batched via ZK-Rollup → Verified with zk-SNARKs → Fees are only charged when data is recorded on Layer 1.

2.2. Validator Rewards

How It Works:

Users don’t “mine” SPL via PoW; instead, validators (including light nodes) earn rewards by performing transaction verification tasks.
Validators receive SPL for participating in SCP consensus and generating ZK-Rollup proofs.

Reward Distribution Formula:

Reward (SPL/hour) = Base × Performance × Contribution Weight
- Base: Minimum reward for validators.
- Performance: Based on uptime and accuracy.
- Contribution Weight: Increases with the number of transaction batches processed.

2.3. Decentralized Governance

How SPL Supports Governance:

SPL holders can propose and vote on major ecosystem changes, such as consensus algorithm upgrades, staking policy adjustments, or tokenomics reallocations.
SuperWAL’s DAO system uses custom smart contracts (non-EVM based) to ensure transparency and tamper-proof voting.

DAO Voting Model:

SPL holders → Propose network upgrades → Vote via DAO → Reach consensus threshold → Implement on Walchain.

2.4. Staking and Yield Farming

How It Works:

Staking: Users lock SPL into pools to earn passive rewards while enhancing network security and liquidity.
Yield Farming: SPL is used to provide liquidity in DeFi pools on Walchain.

Staking Reward Model:

Users lock SPL → Earn rewards based on staking ratio → Contribute to network stability.

3. Inflation Control and Deflation Mechanisms

3.1. Deflation Mechanisms of SPL

Token Burning: A portion of transaction fees is permanently burned to reduce SPL supply.
Limited Issuance: No additional SPL tokens are issued after reaching the 1 billion token cap.
Staking Lock: Encourages long-term SPL locking, reducing circulating supply.

3.2. Supply Control Strategies

Gradual Reward Reduction: Validator rewards decrease as the network matures (e.g., halved after every 1 million SPL distributed).
Automatic Buyback and Burn: When the network has excess liquidity, it buys back SPL from the market and burns it to reduce supply.
Long-Term Staking Locks: Offers higher APY for extended staking periods, incentivizing token retention.

Outcome: Ensures long-term value stability and sustainable growth for SPL!

4. Conclusion

SPL Token is the backbone of the SuperWAL ecosystem, enabling fast transactions (~2 seconds), low fees (~0.0001 SPL), and exceptional scalability through Walchain’s SCP and ZK-Rollup integration at Layer 1.
With roles in governance, staking, validator rewards, and DeFi/NFT applications, SPL drives Web3 development within SuperWAL.

SPL Token is not just a currency—it’s the economic foundation of the entire SuperWAL Web3 ecosystem!

PreviousQuorum Slice NextRoadmap

Last updated 1 month ago