Overview
Last updated
Last updated
The Surge token (SRG) provides holders the ability to have a say in the future direction of the Surge protocol. As the platform matures, the token will convey voting rights to holders to make governance decisions on a variety of issues, such as fee structures and burn rates.
In addition to governance, 20% of all opening and closing trade fees are directed to the SRG treasury component. By default the fees accumulating in this component are used to periodically buy back SRG from the market and burn the token to reduce it's supply.
In future, dependent on the preference as decided by a governance vote, the SRG token may also follow a staking model, allowing SRG holders to earn a yield from the collected fees.
The key Tokenomics are as follows:
Token Supply : 100,000,000
Token Generation Event : November 13th, 2024
Here’s a detailed breakdown of the token distribution and pending unlocks:
SRG Resource Address:
