Distribution

There are two types of tokens in the Sulli Protocol: the irreplaceable Sulli NFT and the protocol-native token Sulli.

Sulli NFT

Sulli NFTs in the Sulli Protocol are Non-Replaceable Tokens (NFTs), meaning that each Sulli NFT is unique and represents the corresponding hash value that exists in the physical world. sulli NFTs are ERC-721 or ERC-1155 compliant and can only be generated by proof of the corresponding arithmetic value provided by the miner. Each Sulli NFT represents the right to claim future profits generated by physical arithmetic.

Each arithmetic entity represented by a Sulli NFT has different properties such as cryptocurrency type, hash value, and Sulli NFT validity, but all are freely negotiable like normal NFTs, and the Sulli Protocol guarantees Sulli NFTs and their corresponding rights.

Sulli Protocol Token

The Sulli Protocol native token is Sulli, a standard ERC-20 token. The Sulli Protocol token, Sulli, is central to maintaining the decentralised operation of the protocol, incentivising participants in the cloud computing ecosystem such as miners, SulliNFT holders, and protocol validators to work together to secure the protocol.

The maximum supply of Sulli is 1 billion, which will be used to incentivise all ecosystem participants. Of this amount, 45% of the total Sulli will be generated through community mining and will be used to reward miners who keep the arithmetic NFT/Sulli holders, liquidity providers, and validators involved in the protocol consensus process up and running. The Sulli Foundation will retain 15% of the Sulli as a long-term incentive, with the exact amount to be used determined jointly by the entire Sulli Protocol ecosystem. The remaining Sulli is allocated to other participants who contribute to the development of the protocol and project, such as development teams, investors, communities, media and exchanges.

The detailed allocation ratio is shown in the chart:

Eco Incentive 45%

This portion will be allocated to the following 4 types of mining

- Algorithm Incentive: 10% of the Sulli will be used to incentivise Algorithm NFT issuers (miners).

- Pledge Incentive: 10% of Sulli will be used to incentivise Sulli and Arithmetic NFT holders.

- Liquidity Mining: 10% of Sulli will be used to incentivise Sulli and Arithmetic NFT liquidity providers.

- Validators: 10% of the Sulli is allocated to the validator nodes in the system which verify the validity of the hash arithmetic.

Team 10%

3% of the tokens distributed to the team will be will be unlocked 1 year after the project goes live, and the rest will be released quarterly within 2 years.

Foundation 15%

The Sulli Foundation portion will be used for initial liquidity and miner incentives, exchanges, legal, financial and research collaborators, as determined by the entire Sulli ecosystem.

sales 10%

15% of the tokens allocated to institutions will be unlocked at project go-live and the rest will be released linearly over 1.5 years.

Allocated to pre-sales portion of tokens will be fully unlocked at project go-live

Liquidity 10%

This part will be used for DEX&CEX listing

Community and Developers 5%

To be used for long-term community rewards for active community members and developers