Soundprotocol
  • Abstract
  • Introduction
    • Current problems
    • The SoundProtocol project
  • Token Model
    • SoundProtocol Token ($SOP)
      • SOP Token Distribution
    • Stablecoin Payments
  • Content Node
    • SoundSP: A decentralized storage protocol
    • Upload flow
    • Content permissioning
      • Proxy re-encryption
      • Unlock conditions
  • Content Ledger
    • Node registry
    • Social features and fan feed
    • Tokens and governance
  • Discovery Node
    • Discovery API interfaces
    • Future work
  • Governance
    • Short-circuiting
    • Enforcing node response accuracy
  • Community-owned Streaming
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  1. Token Model
  2. SoundProtocol Token ($SOP)

SOP Token Distribution

SOP token will be distributed with fixed genesis allocation and by ongoing issuance modifiable by governance.

The choice to launch with ongoing issuance is grounded in the desire to continually align the network’s growth with new actors and their relative contributions, rather than concentrating governance power in the hands of early actors.

Should the community see fit, a portion of ongoing token issuance will be allocated to the most active users of the protocol, dictated based on platform metrics and varying contributions in the form of discoverability, streams and platform engagement.

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Last updated 1 year ago