December 04, 2024 - 5 min read
Supra puts community and ecosystem first. This has been the priority at every step of the way, especially in our tokenomics decisions for $SUPRA. The team is here for the long haul, and zero team tokens have been unlocked at TGE. The entire team’s tokens will be locked for 6 months. The founders’ tokens will be locked for 12 months. When the unlocks start, they will all have a gradual drip releasing tokens slowly over time.
The $SUPRA token is the unified utility token for the MultiVM Layer 1 ecosystem of Supra, as well as all of its native services and protocols. Our team has carefully designed the tokenomics to support the community, ecosystem, and its active participants for the network’s long-term growth.
This chart shows the estimated circulating supply of the Supra token over the next few years. We are here to build a vibrant community and ecosystem, and the team is all in on bringing it to life. The core team and our earliest VC tokens cannot be staked at launch or earn block rewards. Community stays first.
All that we are building is powered by the $SUPRA token — the unified utility token model across the Supra Layer 1 and all of its native services. One token, one network, countless utilities.
Some of the key roles that the $SUPRA token serves in the ecosystem are:
You can explore the complete detailed explanation of all of the $SUPRA token’s utilities here.
Beyond the Supra L1 network, the $SUPRA token also has a unique cross-ecosystem utility.
Supra provides essential services like oracles and verifiable randomness to other blockchains, with automation coming soon as well. Each of these services are novel protocols that we’ve designed to deliver better performance and security to applications on both Supra L1 and other ecosystems as well, and they can be availed and integrated by dApps on other ecosystems and chains using $SUPRA tokens.
We already have DeFi applications on other chains that benefit from the real-time price data from our oracles, and gaming platforms using our verifiable randomness — and they’ll all be using $SUPRA tokens to access these services.
One interesting aspect here is that this isn’t the primary source of revenue for the network, which means we can actually offer them for at much lower costs than is otherwise available from other providers. In doing so, we would not only support dApps across all leading blockchains with better oracle services at lower costs, but also build stronger and more diversified utility behind the $SUPRA token.
Supra is also introducing a new DeFi primitive called Proof of Efficient Liquidity (PoEL) that gives you two ways to contribute to the network with the same capital.
First, we expect that you will be able to provide your $SUPRA tokens as liquidity for specific native DeFi applications, supporting the network’s growth. Then, you will be able to use the same capital submitted to the liquidity pools to enhance economic security of the network.
This model lets you apply the same capital to both strengthening the network’s security by helping validate transactions as well as adding to the network’s native liquidity. So you can earn staking rewards as well as liquidity fees from the same capital. Its dual-utility ensures that capital within the Supra ecosystem is used efficiently, supporting both network security and ecosystem growth with the same tokens.
The Supra token will play a key role in all that we build as we bring our vision to life.
As the Supra ecosystem grows, so will the utility of $SUPRA tokens, step by step. Whether through staking, accessing real-time data, or powering transactions, the $SUPRA token plays a vital role in everything from network security to enabling Super dApps. And with other blockchains relying on $SUPRA for oracle data and other services, its utility and demand will only continue to rise.
To sum it up, we believe that $SUPRA is designed to have more utility than any other token in the world. Tying together the utility of Supra Layer 1, a full stack of services and protocols, multiple VMs, and the future vision of Supra’s IntraLayer into one unified token will create not only a better UX, but an exponentially better DevX too.
As we build out this grand vision, we’ve been very intentional about including the community at every step. Come what may, community stays first. LFMove!
Disclaimer: None of the following should be interpreted as financial, investment, legal, tax, relationship, or any type of advice.
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