Discount Pool

Most crypto projects follow predefined token release schedules outlined in their initial tokenomics models. However, these schedules often encounter issues such as token price swings, changes in market demand, and token inflation. These factors can significantly impact the secondary token market, especially when a large volume of tokens is allocated during pre-sale and released simultaneously.

The initiative introduces a sustainable release model to tackle issues like token price volatility, market shifts, and inflation during the unlock period. After thorough discussions with investors and our core team, we’ve agreed to implement this strategy, balancing the project’s long-term vitality with the interests of all parties involved.

The SVL Discount Pool

The Discount Pool is a smart contract on the Mantle Network that pools SVL tokens from investors, and the Slash team, locking them until their respective second vesting period.

Third-party users can access this pooled SVL and purchase a staked SVL position at a daily fixed price, discounted from the 3-day moving average spot price of SVL tokens (discount rate will depend on the keyNFT owned by the user). Upon purchase, users receive a TimeLock NFT representing their staked SVL position, locked for 2 years. During this period, users enjoy the same rewards as regular SVL stakers. Rewards and staked tokens can be managed through the SVL Portal, and the SVL will be made availble once the staking period ends.

To participate, users must own a verified NFT on the Mantle Network, such as the Alice NFT. The verified list will expand to include notable collections from our partners, to be announced soon.

This strategy aims to balance token liquidity and price stability, reward early investors, and support the long-term growth of the SVL ecosystem.

Conclusion

The Discount Pool is designed to address the challenges associated with pre-sale token releases, such as price volatility, shifts in market demand, and inflation while considering the interests of both secondary markets and project investors. By locking SVL tokens and issuing them in a staked form, this approach moderates the influx of new tokens into the market and helps mitigate potential negative impacts on the price of SVL. This supports the project’s long-term vitality and safeguards investor interests, promoting sustainable and balanced growth of the SVL ecosystem.