# $SMT

$SMT token is a ERC20 token minted on the Polygon Blockchain. It is the store of value of the Sybel ecosystem. 

$SMT tokens have a fixed supply of 3,000,000,000.00000 units. 

$SMT shall be listed on both decentralized and centralized exchange on the future and shall be publicly tradable.

Creators and Users will always own a majority of tokens and be able to make decisions through the DAO (*see below*) 

#### $SMT Earning 

$SMT earning will vary over time based on the usage and actions taken by the community. 

There are 3 ways to earn $SMT:

* for each interaction with any content (earnings for the user and the creator). 
* for a User, by owning fraction(s) of NFT(s) (in this case, Users earn $SMT only when they interact with the content related with the NFTs they own) 

#### Burning Mechanics

* Owners can burn $SMT to go up a level
* Creators can burn some of their tokens in exchange for services (content hosting/storage, promotion...)
* If Owners do not interact with the ecosystem and/or tokens during a long period of time, SMT token owner will have to pay an inactivity fee. Subscribers are not subject to SMT token burning.

#### $SMT Initial Drop

| Description        | Percentage | Number of tokens |
| ------------------ | ---------- | ---------------- |
| Advisors           | 7%         | 210,000,000      |
| Private Presale    | 10%        | 300,000,000      |
| Public Sale        | 8%         | 240,000,000      |
| Ecosystem Rewards  | 50.1%      | 1,500,000,001    |
| Teams              | 10%        | 299,999,999      |
| Technology & Devs  | 10%        | 300,000,000      |
| Exchange liquidity | 5%         | 150,000,000      |

#### $SMT Lock up period for Investors

<table><thead><tr><th width="150">Package</th><th width="169"></th><th width="150">Supply</th><th width="226">Issuance</th><th>Price</th></tr></thead><tbody><tr><td>Tier 1</td><td><span class="math">\frac{1}{3}\ at\ 12\  months\\ \frac{1}{3}\ at\ 18\ months\\ \frac{1}{3}\ at\ 24\ months</span>​</td><td>2%</td><td>60,000,000</td><td>$0.05</td></tr><tr><td>Tier 2</td><td><span class="math">\frac{1}{3}\ at\ 6\  months\\ \frac{1}{3}\ at\ 8\ months\\ \frac{1}{3}\ at\ \ months</span>​</td><td>3%</td><td>90,000,000</td><td>$0.10</td></tr><tr><td>Tier 3</td><td><span class="math">\frac{1}{2}\ at\ 6\  months\\ \frac{1}{2}\ at\ 12\ months\\</span>​</td><td>5%</td><td>150,000,000</td><td>$0.15</td></tr></tbody></table>