Value increases, supply decreases
STH is the native cryptocurrency of SmartHoldem blockchain.
SmartHoldem STH is a hard-capped, scarce asset that is used for:
- Fuel for Games and Apps
- Payment of transaction fees
- Voting for delegates
- Registration of names
- Issue of tokens
- Burn transaction
- Transfer of assets
- IPFS transactions
- Multipayments
- Smart Contracts
- Generation of SmartNotes based on Zero-Knowledge Proof
- Various types of game transactions
- Staking SmartHolder
- DeFi asset in over 30+ DeFi pools
In the initial distribution of SmartHoldem STH coins, priority was given to SmartHoldem ICO participants, with 83% of the total STH supply distributed to them, 8% to advisors and angels, 3% to Bounty campaign participants, and 6% reserved in the Dev fund. The distribution took place under the control of the well-known Escrows of the BitcoinTalk forum, which were chosen by members of the SmartHoldem community.
A fixed amount of 240M SmartHoldem STH was minted at Genesis. TA limited emission model was implemented in the SmartHoldem blockchain to incentivize delegate validators. According to this model, it was planned to forge 256,425,000 SmartHoldem STH coins by 2041. (https://github.com/smartholdem/smartholdem-node-a/blob/master/helpers/constants.js)
Deflationary model with limited emission
After the launch of the global update 2.0 of the platform infrastructure, SmartHoldem has moved from an Inflationary model with limited emission to a Deflationary model with limited emission. Emission in DPoS SmartHoldem L1 has been completely stopped.
The deflationary model will reduce the total supply of the SmartHoldem STH cryptocurrency and determine the circulating supply: Min 100,000,000 STH - Max 150,000,000 STH.
When writing this article, the total supply of SmartHoldem STH was 249,677,907 STH, with 92,093 STH burned. The deflationary model had already begun reducing the total supply.
The SmartHoldem DPoS network has a deflationary mechanism that burns 50% of commissions. As the network grows, this mechanism will reduce the total and circulating supply of SmartHoldem STH to 100,000,000 STH.
When the total supply is reduced to 100,000,000 STH, the DPoS network will stop burning 50% of the fees. Once the total supply reaches 150,000,000 STH on the DPoS blockchain, the 50% fee burn protocol will be activated.
PoSt blockchain
The SmartHoldem PoSt blockchain starts with 0 coins. The block reward is halved every two years. Including an algorithm for burning commissions in the PoSt network is possible.
Interoperability
The interaction between DPoS and PoSt blockchains will be implemented through an innovative SID protocol.
The Smart Inter-Chain Data Communication Protocol (SID) will be incorporated into the DpoS and PoSt SmartHoldem nodes, enabling blockchains to communicate directly for certain transactions.
The SID module ensures that the SmartHoldem STH coin is not duplicated in another blockchain, enhancing the system's integrity. How it works: The user sent 100 STH from the DPoS network to the PoSt network. 100 STH were burned in the DPoS blockchain, and 100 STH were issued in PoSt.
The SID protocol establishes a new standard for exchanging data between blockchains, eliminating the need for a third-party intermediary.
The SID protocol establishes a new standard for exchanging data between blockchains, eliminating the need for a third-party intermediary.
Using the SID module, other blockchain projects can effectively implement standardized inter-blockchain communication. This enables the establishment of a decentralized network of independent chains that seamlessly exchange information and assets.
This concept, often called the "Internet of Blockchains," holds the potential for enhanced scalability and interoperability.