Token Utility

Some of the key utilities of the SFI token are:

Network security: SFI tokens are fundamental to the security and integrity of the network. Token holders can stake their SFI tokens to participate in running the nodes thereby securing the Layer-2 infrastructure.

Gas Token: SFI tokens will be the native token used to pay for gas fees on the L2 network. Every transaction/smart contract execution gas fee will be paid in SFI tokens.

Governance: As a truly decentralised organisation Singularity Finance will rely on community led governance and SFI token would be the cornerstone of the governance model. The token holders will periodically be invited to vote on crucial decisions shaping the future of the organisation and the management of the SFI token.

Tokenisation Fees: Organisations interested in tokenising their assets on Singularity Finance’s platform would be required to pay a launch fee paid in SFI tokens. The fee would be paid upfront by the organisation and would be distributed to the community as node rewards.

Transaction Fee: Singularity Finance will deploy various protocols and dApps on the SFI L2, such as SFI Vaults, DEXs, and AI services. Tokens earned through active participation in these services, such as staking or governance activities, may be distributed to participants based on their engagement and contribution to the Ecosystem and 40% of the fee would be burned.

Protocol Fee distribution: A portion of the fees generated by vaults and deployed protocols may be allocated to support network operations and incentivize ecosystem participants actively contributing to the growth and stability of the platform.