Understanding the SPOOL Token
The maximum supply of the Spool Token got changed from 210,000,000 to 140,000,000 after completion of the Token Burn of 70,000,000 Tokens as proposed by the DAO.
- Incentive Payouts: The SPOOL Token can be emitted to protocol users or value-generating advisors if voted in by the DAO.
- Fee Structure: 80% of all Protocol Generated Revenue is paid to SPOOL Token Holders. The remaining 20% is managed by the DAO, which in turn is also managed by SPOOL Token Holders.
- Submitting Spool Improvement Proposals (SIPs): In order to submit a proposal to the Spool DAO for voting, a user must hold a minimal amount of SPOOL Tokens. This holding allows them to submit proposals up for review by the DAO.
The Spool DAO manages this environment, incentivizing participants through fees according to their contribution.