SAKE Token

Tokenomics of Deflation

With the tokenomics of deflation, SAKE can entitle liquidity providers and traders to continue earning the benefit of the protocol development, and maintain the long-term value for SakeSwap adopters.

Total Supply

SAKE token has a limited total volume to avoid dilution and maintain project sustainability.

ETH SAKE https://etherscan.io/token/0x066798d9ef0833ccc719076Dab77199eCbd178b0

BSC SAKE https://bscscan.com/address/0x8bd778b12b15416359a227f0533ce2d91844e1ed

Sake Burn and Reward Distribution

SakeSwap charges a 0.3% fee on each transaction. 0.25% goes directly to the active liquidity providers, while the remaining 0.05% gets converted back to SAKE (obviously through SakeSwap). 90 % of the remaining 0.05 % will be burned and the rest 10% will be distributed to SakeBar participants who deposit their SAKE to SakeBar. (SakeBar will be replaced by LockBar. The LockBar will distribute every 12-month.)

ILO Fundraising

ILO is a fundraising service for projects. There are two ILO Access types which are Public and SAKE Holder Exclusive. SAKE holders can access more ILO projects. After successful ILO, 3% of LP will be charged when liquidity providers withdraw their LP Token. The charged 3% LP Token will be used to buyback and burn SAKE.

Governance

The SAKE token has two functions, which are entitling SAKE holders to governance rights and a portion of the fees paid to the protocol. Eventually, SAKE holders will own the protocol. SAKE tokens can entitle liquidity providers and traders to continue earning the benefit of the protocol development, which means the early adopters will be significant stakeholders of SakeSwap. Meanwhile, SakeSwap involves tokenomics of deflation to support the token price from a structural perspective.