5. Token Economy
The total SPX token circulation is 1,000,000,000. Token distribution is as follows:
70% - Mining: 70% of SPX will be mined out as block rewards to miners in the Sphinx oracle network.
5.5% - Ecosystem Fund: will be used for partners to build Sphinx ecosystem as a vault.
16.5%-Investors:will be locked for 2 years and will be released every year.
3% - Advisor: To individuals or groups who gave Sphinx great help in the early stage.Will be locked for 2years and will be released every year.
5% - Team: will be locked for 4 years and will be released every year.
5.1 SPX calculation for Mining
M: the number of SPX rewards contained in the block of packaged offer transactions
K: The height difference of the block from the last block containing an offer transaction.
M = K * 10
This means that if no offer mining order appears for some time, then the first new miner that appears will capture all the SPX rewards that were not mined before.
Assuming that the sum of the offer fees in the block is E, and the fee paid for one of the offers is e, then the number of SPX mined for that offer is N.
N = (e / E)* M
5.2 Introduction to the Sphinx Node
Sphinx Nodes are an important part of the Sphinx Protocol ecosystem, providing the resources and funding needed for the early development of the Sphinx Protocol.
At the same time, during the development of Sphinx, node also enjoys some benefits and influence brought by the Sphinx ecosystem, which are mainly reflected in the following point:
SPX Token revenue rights: In the SPX Token release distribution mechanism, miners account for 70% and nodes account for 30%. Put simply, for every 100 SPX Tokens released by the SPX pool contract during the mining process, 30 of them are allocated to nodes.