Externality-Labs Docs
  • What is Sortes?
    • Introduction to Sortes
    • The Centralisation Problem
    • People Owns Sortes
    • System Design
  • 🪙Tokenomic
    • Overview
    • Token Utility
      • Demand
      • Supply
    • EXP to Token Conversion
    • Token Allocation
    • Governance
  • ⚒️Sortes Product
    • Lottery as a Service
  • Public Good Fund
    • Donation
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  1. Tokenomic
  2. Token Utility

Demand

Token demand in the Sortes ecosystem is generated through a combination of intrinsic utility and community-driven mechanisms:

  • Governance and Voting Rights: Holding tokens empowers users to vote on critical decisions—such as fund allocation for public good initiatives—which ties the token’s value to the long-term success and social impact of the platform.

  • Scarcity and Speculative Value: With a fixed total supply of tokens, increasing participation and utility lead to scarcity, which, in turn, drives price appreciation. This dynamic encourages both active usage and speculative demand, reinforcing the token’s value over time.

  • Platform Repurchase

    10% of the GMV will be used to repurchase the SORTES token from open market and destroy them.

Together, these factors create a self-reinforcing demand cycle where increased participation not only boosts the utility of tokens but also contributes to a more engaged and empowered community.

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Last updated 3 months ago

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