Tokenomics

Splendor is the evolved version of Bitcoin where innovation meets sound economics, and the future of decentralized finance unfolds. SPL is the native cryptocurrency of Splendor Blockchain, designed to be more than just a digital asset—it's the cornerstone of a vibrant and sustainable ecosystem. Let's delve into the key aspects of SPL tokenomics.

Splendor, with its ticker symbol SPL, has a total supply of 21 million coins, which will be mined by the year 2123. This scarcity mirrors the principles of Bitcoin but with a very significant twist. A block is added to the blockchain every second, and every 600th block, a new 3.125 SPL is minted and locked in the Splendor reserve pool. Every miner is rewarded with SDR every 86400 blocks, or every 24 hours, for their computational resources and storage that they have provided to the network. SDR is fully backed by SPL, the most scarce coin in the world. SDR token holders can instantly swap SDR for SPL and vice versa.

This finite supply and unique mining rewards system create a deflationary environment, where scarcity and demand drive Splendor's intrinsic value.