SEN Token: Metrics and Vesting Term
SEN token plays a crucial role in the operation of this project. This blogpost will explain $SEN, its metrics and vesting term, so that investors can see the benefits holding SEN brings.
The closer Sentre Mega Launch inches, the more people direct their curiosity towards $SEN — our native utility token. This post will explain what benefits holding $SEN brings, as well as its metrics, distribution, and vesting schedule.
The Token Metrics
There will be a total supply of 1,000,000,000 SEN tokens to be minted. The first 2% of the tokens (20,000,000 SEN) will be officially released in Sentre Mega Launch this December 17th, 2021.
Other token generating events (TGEs) include Sentre’s quizzes, contests, and airdrops.
To ensure all parties move towards the same goal, Sentre includes vesting in every category except for the IDO. Detailed information for each category is below:
- Community Growth — 10% TGE, no cliff period, 12-month vesting.
- Liquidity Mining — 10% TGE, no cliff period, 12-month vesting.
- Seed — 0% TGE, no cliff period, 18-month vesting.
- Strategic — 0% TGE, no cliff period, 12-month vesting.
- IDO — 100% TGE.
- Foundation Reserve — 0% TGE, 1-year cliff period, 24-month vesting.
- Team — 0% TGE, 1-year cliff period, 24-month vesting.
Starting December, the initial circulating supply will be 20,000,000 SEN for the upcoming Fair Launch.
The Heart of Sentre ecosystem
The team at Sentre aspires to deliver only products with utility to the community, and $SEN is no different. $SEN possesses use cases that go beyond a store of value.
Governance
To propose an on-chain improvement, participants need to stake $SEN in order to vote and reach a consensus. The ratified proposals will be implemented and deployed by the foundation team. This way, Sentizens can participate in Sentre’s important decisions, big changes and future plans toward becoming the true Open Platform for the community.
Fee Reduction
$SEN helps reduce and maintain an upper bound of the exchange fee. When swapping, with $SEN as the “bridge” between any pair of tokens, Sentizens can reduce the exchange rate from 0.3% to only 0.25%.
Buyback and Make
$SEN is designed as a fee collector. With any swapped pair, the fee can be easily transformed into $SEN. Then, instead of burning them away, these fees are collected and automatically transmitted to other SEN-based services.
Protocol Entrepôt
$SEN connects all pools in the ecosystem and makes sure any pair of tokens can be swapped. Putting $SEN into all existing two-token pools on SenSwap helps focus all liquidity into one pool instead of having to deposit into three different pools. This increases liquidity effectiveness and reduces the hassle of having to balance between three pairs of tokens.
As $SEN can be present in every pool, there is no token that can’t be converted into $SEN. Therefore, any pair of tokens, no matter how exotic and rare, can be swapped by simply converting both into $SEN. Other tokens can also be evaluated via $SEN for the same technique.
Get SEN First
If you wish to become one of the first to hold $SEN, get ready for our IDO event — The Sentre Mega Launch taking place this Dec 17 — by passing our KYC early to be eligible. Read the instructions here and head to our website https://sentre.io for more information.
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