Selenium Token (SELE)
The Selenium Token ($SELE) is Selenium Protocol's governance token. It must be used to vote on active proposals and is required as a deposit for making new governance proposals. In future iterations of Selenium, it will serve further purposes for the protocol that increase its utility and value.
Initially:
Users who stake $SELE tokens earn rewards in $USTC.
Users who provide liquidity (LP) to the $SELE/$LUNC pair will receive rewards in $LUNC from the dedicated farm.
Subsequently, with the launch of the protocol on mainnet, they will earn rewards in $SELE.
Selenium Token is also used to incentivize users to farm yields by staking LP tokens which were minted by providing liquidity for $SELE and Selenized Assets (sAsset). Yield is paid to the users from $SELE that are newly minted through annual inflation, which gradually increases the total supply of $SELE until the end of distribution period.
Selenium Token Supply
Selenium Token ($SELE) built on a blockchain have set up algorithmically created release schedules. This means we can accurately predict how many coins will be made by a specific time.
There are planned to be a total of 43,575,485 SELE tokens to be distributed over 4 years. Beyond that, there will be no more new $SELE tokens introduced to the supply.
Distribution Schedule (Token per Year)
preSELE Airdrop
709,885
-
-
-
-
preSELE Reward
-
2,073,600
1,036,800
518,400
259,200
Launchpad Airdrop
50,000
-
-
-
-
sAsset Lp Staking
-
5,110,400
2,332,800
1,555,200
777,600
Staking Rewards
-
2,555,200
1,296,000
1,036,800
777,600
Development
-
2,592,000
1,555,200
1,036,800
777,600
Liquidity
2,500,000
2,073,600
1,555,200
1,036,800
518,400
Marketing & Listing
3,000,000
2,073,600
1,555,200
1,036,800
518,400
$SELE Supply
6,259,885
24,394,685
33,725,885
39,946,685
43,575,485
Annual Inflation (%)
-
127.47%
47.27%
21.40%
10.28%
Genesis Token Distribution
Total of 6,259,885 tokens are available at Genesis of Selenium Protocol. The distribution of these tokens will be made as below:
preSELE airdrop: 11.34% (709,885) tokens will be airdropped to preSELE partecipants.
Launchpad Airdrop: 0.80% (50,000) tokens will be airdropped to all Launchpad participants.
Marketing & Listing: 47.92% (3M) tokens will be allocated to Marketing and Listing reserve address.
Liquidity: 39.94% (2.5M) tokens will be used for initial and future liquidity.
Dynamic Emission Schedule
Tokens emission will occur block by block, in ascending order over the first 4 years:
1st Year: 2.60 $SELE per block
2ndYear: 1.80 $SELE per block
3rd Year: 1.20 $SELE per block
4th Year: 0.70 $SELE per block
Emission Program (Token per Block)
sAsset Lp Staking
0.60
0.45
0.30
0.15
Marketing & Listing
0.40
0.30
0.20
0.10
Development
0.50
0.30
0.20
0.15
preSELE Rewards
0.40
0.20
0.10
0.05
Staking Rewards
0.30
0.25
0.20
0.15
Liquidity
0.40
0.30
0.20
0.10
Total
2.60
1.80
1.20
0.70
Final Token Distribution
Total supply of SELE tokens will increase for 4 years due to inflation, until the total token supply becomes 43,575,485.
The distribution structure at the end of year 4 will look like the below:
preSELE Airdrop: The airdrop amount which was originally allocated to preSELErs, will now account for 5.43% (2,366,285) of the total token supply.
Launchpad Airdrop: The airdrop amount allocated to Genesis to all launchpad participants will represent 0.11% (50,000) of the total token supply at the end of the distribution.
Staking Rewards: 13.00% (5,665,600) tokens will be distributed to all stakers and governance participants
preSELE Rewards: 8.92% (3,888,000) tokens are distributed to respective preSELE holders.
Development: 13.68% (5,961,600) tokens will be distributed and used for the continuous development of the protocol.
sAsset LP Staking: 22.43% (9,776,000) tokens are distributed to all sAsset staking pools by the end of year 4. Tokens are distributed daily to each staking pool based on their allocation point compared to other assets.
Marketing & Listing: 18.78% (8,184,000) tokens will be distributed in the marketing address and will be used for advertising campaigns, partnerships and future CEX listings.
Liquidity: 17.63% (7,684,000) of total $SELE supply will be distributed to liquidity reserve by the end of year 4.
Distribution Rate (Inflation)
Inflation rate of $SELE tokens are designed to gradually decrease every year until it reaches 43,575,485 at the end of year 4. After the end of year 4, no more $SELE tokens will be minted through inflation.
Token Vesting
Tokens purchased during the presale will not be fully locked for the entire 13 months. Instead, they will follow a structured unlocking schedule:
At launch (Token Generation Event - TGE): 30% of your purchased tokens will be immediately available.
Following a 3-month cliff period, the remaining 70% will be released daily in small increments over the subsequent 10 months, ensuring consistent access to your tokens throughout the vesting period.
This approach allows token holders to access a portion of their tokens immediately, while gradually receiving the rest over time.
Staking and LP Rewards before mainnet protocol launch
Selenium token holders who decide to lock their $SELE tokens in staking will receive rewards in $USTC.
Selenium token holders who decide to provide liquidity to the $SELE/$LUNC pair will receive rewards in $LUNC from the dedicated farm.
Staking Rewards & Buyback after mainnet protocol launch
Selenium token holders who decide to lock their $SELE tokens receive rewards in the following methods:
For each block, $SELE tokens will be distributed to all stakers (see Staking Rewards in the table).
All protocol fee generated by Selenium are exchanged into $LUNC from the CDP collateral and sold to buy $SELE via Terraport after being sent to the Collector contract. $SELE tokens are then distributed as rewards to $SELE stakers and voters in proportion to the percentage of the total stake. This process balances the generation of new $SELE by creating buying pressure.
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