πŸͺ™
Tokenomics

SHARKO tokenomics

There is a 3% transactions fee that is used to incentivize holding, support the DAO and to fund marketing and development of the project ecosystem. At times, depending on governance decisions, our tokenomics may change in response to market conditions.
The token contract employs an automatic rewards system that pays out in $SEA tokens.
The 3% buy tax is split as follows:
  • 1% is redistributed to all SHARKO holders (It's also used to fund prize pools based on the number of SHARKO staked in the lottery)
  • 1% is used to fuel the liquidity pool and sent to DAO Treasury
  • 1% is allocated to the Foundation wallet.

Under the SHARKO contract’s hood:

  • All $SEA that the contract gains are split proportionally between the SHARKO token holders.
  • To receive rewards a minimum token balance of 100,000 SHARKO is required to be held in a wallet.
  • The contract keeps track of all the rewards due to each holder in a list.
  • Every transaction processes a certain number of users from the list.
  • The number of holders processed through each transaction is dynamic and based on transaction size.
  • Holders will receive rewards from the queue based on their position in the list.
  • It’s a fair system, fully automated. You just need to hold SHARKO to earn $SEA. It's simple as that!

SHARKO Security Practices

The Sharknado Coin team has taken several steps to ensure optimal security. Ther majority of LP liquidity pool, it's owned by the DAO, so holders can rest assured they can trade. DAO Treasury funds cant be moved without voters consensus. This way the liquidity can remain stable and optimized respect user owned liquidity that's always moving to chase APY etc... SHARKO Foundation uses best security practices as Gnosis Safe and hardware wallets. This ensure that's impossible for hackers and unauthorized transactions to be executed. All signers needs to agree in the protocols best interests to execute transactions and decisions. Sharknado Coin is also investing in a contract audit from blockchain security consulting firm. Sharknado Coin is working hard to ensure SHARKO contract has no vulnerabilities to severe issues or hacks.

SHARKO Tracker

The reward mechanism incentivizes token holders to hold in order to earn rewards from the transactions. If you see in your wallet the "SHARKO tracker" token, don't worry, it is just a controlled token used to make internal calculations by the SHARKO smart contract. The rewards are not dependent on the price of either SHARKO or SEA. They are based purely on the transactions volume and proportional to the SHARKO amount you hold in your wallet.
​
Copy link
On this page
SHARKO tokenomics
Under the SHARKO contract’s hood:
SHARKO Security Practices
SHARKO Tracker