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sLKM

Basic Information

Transfer Tax

    Burn Rate: 1% of transfer tax will be burned immediately
    Automatic Liquidity Rate: 4% of transfer tax will be added to the LP pool and locked.
    Total Transfer Tax Rate: 5% of every transfer

Emission Rate

    100 sLKM/ block
    2,880,000 sLKM/ day
    10% to the dev team to ensure essential growth of the project

Why sLKM Has No Hard Cap?

There's currently no hard cap on the supply of sLKM , making it an inflationary token.
Community members often point to this as a cause for concern, and while the dev team certainly understands the wish for a hard cap, there's a big reason we don't expect to set one in the near future.
sLKM's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).

How sLKM Supply Is Reduced Without A Hard Cap?

1. Reducing Block Emission

By reducing the amount of sLKM generated per block, we slow the inflation. But we don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.

2. Transfer Tax

sLKM now has a 5% transfer tax in each transfer. 1% is burned directly and the rest 4% is added to sLKM -BNB liquidity pool and locked. This deflationary mechanism will help us to reduce the circulating supply of sLKM which will release sell peruse a lot.
Last modified 4mo ago