New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
The SOMI Token has a fixed total supply of 1 billion units, and its economic model focuses on the deep integration of a deflationary mechanism with real-world use cases, aiming for long-term value accumulation. In the network, all transaction fees are calculated in SOMI, half of which is directly burned to reduce the circulating supply, while the other half is distributed as rewards for staked validators. This design skillfully ties network activity to token scarcity: a rise in daily trading volume will lead to a continuous decrease in the amount of SOMI in circulation, which in turn creates support for intrinsic value based on real demand.
Value capture methods are not limited to the destruction mechanism. As a cybersecurity foundation, SOMI requires validators to stake at least 5 million tokens to activate a node, while regular users can participate in staking through delegation and share the rewards. This mechanism can lock a significant amount of SOMI in a smart contract, effectively reducing selling pressure in the market. Additionally, for frequently used decentralized applications, Somnia implements a multi-tier Gas discount system that can reach up to 90%, which not only encourages developers to create high-performance applications but also further strengthens the actual demand for SOMI.
In the distribution of tokens, SOMI employs a strategy that emphasizes long-term balance: the initial circulating supply is only 16.02% of the total amount, while the remaining portion will gradually be released to the market over 36 to 48 months in a linear manner, which can effectively avoid the impact of mass token dumping on the market in the early stages. At the same time, the gradual unlocking of the ecological fund (27,345%) and community rewards (27,925%) creates a healthy cycle between deflation destruction, collateral, and ecosystem development, closely linking the value of tokens with the practical utility of the platform.
Overall, the economic model of SOMI tokens has quite an innovative design, which, through the synergy of many mechanisms, promises to ensure long-term value accumulation and healthy ecosystem development in the long run. However, like with all cryptocurrency investments, participants should carefully assess the risks and thoroughly understand the market dynamics before making decisions.