This is a summary of how the initial SNT tokens have been distributed, but you can visit our documentation for more in-depth information about out token economics, including links to supply burns (destruction) and more information about SNT on Opera.
10,500,000 SNT were pre-mined in the launch of our native network, and 60,000,000 SNT were created with our pre-mainnet launch on the Opera Network. This non-native supply is intended to be destroyed over time.
50M SNT tokens were allocated to our public auction back in 2021.
Rewards & Incentives
10M SNT tokens have been reserved to pay for on-chain rewards and incentives.
Development & Ops
10.5M SNT tokens have been held by the Foundation to pay for development and ops.
The protocol mints 2 SNT for every new block produced, and these are paid out to the validators as work rewards.
Automatic Supply Burn
For every transaction submitted to the network, a fee is charge by the protocol. This fee is comprised of two elements, the base fee and the priority fee. While the priority fee is paid directly to the validators, the base fee is automatically burned by the protocol.
How to get SNT?
There are a few different ways you can get some SNT, including asking for a friend to send you some! If you want to buy it, you can use centralized exchanges like P2B or decentralized exchanges like Fusion. If you want, you can also do some work and get paid in SNT - you can offer your skills and bid for work in our social media channels.