Rewards Mechanism

Saita Rewards Token

The Saita Rewards Token (SRT) employs a comprehensive and automated reward mechanism to incentivize long-term holding and active participation within the Saita Chain Ecosystem. Below are the key components of the rewards mechanism:

 

Reflections

Mechanism: A portion of transaction fees is redistributed to all existing token holders.

Benefit: Provides continuous passive income to holders, rewarding them for maintaining their positions.

Staking

  • Mechanism: Holders can stake their tokens to earn attractive Annual Percentage Rates (APRs).
  • Parameters for SRT:
    • Minimum Stake Amount: 500 SRT
    • Lock-up Periods and APRs:
  •  
  • 30 days: 5%
  • 60 days: 7%
  • 90 days: 10%
  • 120 days: 12%
  • 180 days: 15%
  • Parameters for Ecosystem Tokens:
    • Minimum Stake Amount: 500 tokens
    • Lock-up Periods and APRs:
  • 30 days: 3%
  • 60 days: 4%
  • 90 days: 5%
  • 120 days: 6%
  • 180 days: 7%
  • Distribution: Weekly, automated batch processing at the end of the lock-up period.

 

 

3. Farming

  • Mechanism: Holders can provide liquidity in the form of Liquidity Pool (LP) tokens to earn rewards.
  • Parameters for SRT: Provides continuous passive income to holders, rewarding them for maintaining their positions.
    • Minimum Stake Amount: 500 SRT or equivalent LP tokens
    • Lock-up Periods and APRs:
  • 30 days: 6%
  • 60 days: 8%
  • 90 days: 11%
  • 120 days: 13%
  • 180 days: 16%
  • Parameters for Ecosystem Tokens:
    • Minimum Stake Amount: 500 tokens or equivalent LP tokens
    • Lock-up Periods and APRs:
  • 30 days: 4%
  • 60 days: 5%
  • 90 days: 6%
  • 120 days: 7%
  • 180 days: 8%
  • Distribution: Weekly, automated batch processing at the end of the lock-up period.

 

 

Market Cap Milestone Rewards

  • Mechanism: At specific market cap milestones, a predetermined percentage of the total token supply is distributed to holders instead of being burned.
  • These One-Time Market Cap Milestone Reward distributions reward holders for their long-term participation, and support by distributing a predetermined percentage amount of the total supply for the major achievement being reached.
    • The One-Time Market Cap Milestone reward is only a one-time distribution for each milestone achieved and once it has been achieved it will not be issued again until the next milestone.
  • Details:
  • At $500k Market Cap: Distribute 2% of the remaining total supply to early adopters.
  • At $50 Million Market Cap: Distribute 4% of the remaining total supply.
  • At $500 Million Market Cap: Distribute 6% of the total supply.
  • At $1 Billion Market Cap: Distribute 8% of the total supply.
  • At $10 Billion Market Cap: Distribute 12% of the total supply.

Diamond Hand Reward Program (aka Quarterly Rewards Program) (QRP)

  • Mechanism: Each transaction incurs buy and sell tax fees which are collected and used to purchase additional tokens from the Saita Rewards Token List. These tokens are held in the QRP Wallet for 90 days. These Additional rewards for holders who maintain their SRT holdings and complete ecosystems without selling SRT.
  • Distribution: Rewards are distributed to eligible holders every 90 days if SRT is not sold, and eligibility requirements are met.