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Tokenomics

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Allocation & Distribution​

Locked Tokens​

  • 12% of SIGMA tokens are locked for vesting for backed investors who helped support the protocol since the beginning.
  • 20% of SIGMA tokens are locked for the Sigmaswap team.

For more detail, go to Vesting.

Initial DEX Offering (IDO)​

  • 5% of SIGMA tokens are initially sold to the first group of Sigmaswap users. The fund collected is used as a capital to bootstrap the liquidity of the SIGMA token once it is open for trade.

Learn more about IDO-vesting.

Public Launch​

  • After the IDO is completed, 5% of SIGMA tokens are then transferred into the liquidity pool for trading, first on the Sigmaswap. The launch includes the features of liquidity provision, liquidity mining, and staking.

Liquidity Mining​

Emission Rate​

note

The circulating supply below might not be accurate due to the Deflationary Mechanisms and Vesting.

Per second​

The table includes the initial liquidity(5%) and liquidity mining emission(58%).

Months after releaseEmission rate/secondEmission rate/monthEstimated circulation
10.71,814,4006,814,400
20.71,814,4008,628,800
30.71,814,40010,443,200
40.71,814,40012,257,600
50.71,814,40014,072,000
60.71,814,40015,886,400
70.71,814,40017,700,800
80.71,814,40019,515,200
90.71,814,40021,329,600
100.71,814,40023,144,000
110.71,814,40024,958,400
120.71,814,40026,772,800
130.71,814,40028,587,200
140.71,814,40030,401,600
150.71,814,40032,216,000
160.71,814,40034,030,400
170.71,814,40035,844,800
180.71,814,40037,659,200
190.71,814,40039,473,600
200.71,814,40041,288,000
210.71,814,40043,102,400
220.71,814,40044,916,800
230.71,814,40046,731,200
240.71,814,40048,545,600
250.71,814,40050,360,000
260.71,814,40052,174,400
270.71,814,40053,988,800
280.71,814,40055,803,200
290.71,814,40057,617,600
300.71,814,40059,432,000
310.71,814,40061,246,400
320.71,814,40063,060,800
tip

The total emission period could be extended by the overall tokenomic system, deflationary mechanisms, and future events in the Sigmaswap protocol.

Deflationary Mechanisms​

Sigmaswap protocol is aware of inflationary situations that possibly occur. Hence, we introduce methods to decrease in circulation.

Burn​

Sigmaswap implemented buyback & burn method. The amount of tokens burned can be mined again in the Sigmaswap Liquidity Mining Pool and the Staking Pool. The collected fund is sent to the liquidity mining reward contract for 80% and to SIGMA staking reward for 20%. This can result in extending the period of SIGMA emission (from 32 months at setting).

Unopenable Lock​

The idea of an unopanable lock is like life imprisonment in reality. Sigmaswap has a buyback & lock method to decrease the total supply of SIGMA. These locked tokens are forever imprisoned in an immutable and uncontrollable contract.

Treasury​

Treasury is a storage of tokens collected from fees in any protocol services, resulting in reduced circulating supply. The fund is managed by the Sigmaswap Governance.

Verify the Circulating Supply​

The easiest way is to check at Sigmaswap Landing Page.

However, there could be errors. To confirm that the circulating SIGMA supply shown anywhere is correct, head to the SIGMA token address on Hashscan and see how much SIGMA is minted. Then perform a subtraction by the sum of (locked tokens in vesting(team, investors, IDO) + treasury + unopenable locked token + buyback address). That is the actual total amount of SIGMA in circulation.

note

Check all the deployed token and contract addresses here.

Fees​

Fees in Sigmaswap play an important role in controlling SIGMA supply. Read more on Fees.