The $SMY Token

$SMY is the network's utility and governance token.

The $SMY Token is NOT launched yet. Official Announcements on $SMY's TGE will be posted to our community channels.

$SMY's Utility

Symphony's tokenomics are built to provide the most value to the $SMY token holders, which serves as the projects main utility and value capture mechanism. As Symphony evolves, the value of the $SMY token will increase with the extra use-cases from each new product integration.

Utility of the $SMY token includes:

1. Portion of platform fees redistributed to $SMY holders

2. Governance voting rights

3. Long-term increasing share of protocol through the exit fee mechanism

4. Staking benefits for traders such as increased incentives and rewards

5. Referral program rewards

6. Solvers must stake $SMY to participate in the Symphony Network

7. Gas payment token via Account Abstraction

8. Other unique strategies and products in the future

$SMY Tokenomics

$SMY Staking Overview

Staking on Symphony is built with a system that benefits our community of long-term holders in mind. This will ensure maximum value capture and sustainability for our long-term stakers.

Staking on Symphony intends to:

1. Incentivize and reward long-term stakers.

2. Provide protocol APY to stakers.

3. Reward traders through incentives while balancing the health of long-term stakers.

$SMY Token Supply

• The max supply is 1 Billion $SMY Tokens.