Token ID: SVTPbDXvTuh9HUDoyRh8pa2H5tpNqpagBvekwLUBftQ
The Solana Value Token (SVT) Standard introduces a revolutionary approach to token minting on the Solana blockchain. By ensuring each token maintains intrinsic value backed by SOL, the SVT Standard aims to reduce volatility and enhance user confidence. This standard provides a robust framework for projects to mint and brand their own tokens, with the added benefit of staking rewards in SOL.
The SVT Prototype Token (SVTP) is an innovative digital asset on the Solana blockchain, designed to be backed by 1 lamport per token. This unique structure ensures a base value for the token, combining stability with the potential for growth through staking rewards and burning mechanisms. The SVT Prototype Token is the precursor to a comprehensive platform that will empower users to mint their own SVT-style tokens, participate in decentralized exchange (DEX) activities, and benefit from a robust staking system.
This whitepaper introduces the Solana Value Token (SVT) Standard on Solana, designed to enable projects to mint and brand their own tokens with inherent value backed by SOL. Leveraging Solana’s high throughput and low transaction costs, the SVT Standard ensures each token retains intrinsic value, reducing volatility and enhancing user confidence. This innovation has the potential to significantly boost Solana’s market capitalization and user engagement across various token-based projects.
The current landscape of token creation on blockchain networks is plagued by high volatility and the risk of tokens becoming worthless. Problems like "rug pulls" and a lack of underlying value contribute to instability, undermining user confidence. Projects launching tokens face challenges in retaining value and ensuring long-term stability.
The SVT Standard introduces a framework where tokens are minted against SOL, ensuring each token maintains a base layer of value. This structure benefits both token creators and buyers: projects commit to a collateralized model, while buyers enjoy reduced risks of complete devaluation.
Our vision is to establish a decentralized ecosystem for creating, managing, and trading SVT-style tokens. The SVTP token will serve as a prototype, allowing us to test features and functionalities as a proof of concept. The ecosystem will include:
Users can mint their own SVT-style tokens, ensuring unique ticker symbols and variable token quantities. The platform requires 1 lamport backing per token, supporting mints ranging from 1,000 tokens to larger quantities.
The DEX will integrate seamlessly with the SVT ecosystem, featuring advanced trading functionalities and additional rewards for SVT holders.
Validator nodes will provide full staking rewards to SVT holders. Funds raised during the token sale will support hardware procurement and maintenance.
SVT holders will enjoy early access to the minting platform and discounts on minting fees. Using SVT tokens for payments will grant a discount.
Publish the whitepaper detailing project vision, tokenomics, and roadmap.
Conduct SVTP token sales to fund development, with marketing and community engagement.
Implement and test staking and burning functionalities for SVTP.
Enable live testing of staking features for SVTP holders, gather feedback, and optimize.
Distribute SVT V1 tokens to SVTP holders and activate core functionalities.
Launch the minting platform for SVT holders, including unique ticker reservation.
Open the platform for public access with full features.
Procure and configure validator nodes, distributing staking rewards.
Expand the validator network and introduce public staking options.
Launch the DEX, starting with SVT holders and extending to the public.
The SVT Prototype Token and its ecosystem represent a significant step forward in blockchain innovation. By combining stability with functionality, we aim to create a thriving platform for token creation and trading. Join us in shaping the future of decentralized assets.
Note: Timelines for each phase are estimated at 1-3 months and may vary based on development progress and feedback.
1. This will be Phase 1 of a 3-phase token sale open to the public with no pre-sale or VC sales rounds. We are trying to be as fair as possible with our token launch and don’t want to create any early buyer situations, so Phase 1 will be open to all!
2. Tokens are 0 decimals by design due to the backing mechanism of our token standard, so tokens can only be purchased in whole units.
3. Due to our token’s design characteristics, tokens will appear in the buyer’s wallet in their NFT collections. Check your collections for your tokens, not the token list. Once initial testing has been completed, we will try to work with wallet providers to fix this, allowing for tokens to show in the token list section of their wallets. For now, the SVTP token is being identified as an NFT, which has no functional difference from any other conventional SPL token other than the additional functionality of the SVT token standard (token backing, token burning, token staking) that we will be testing and fine-tuning with our SVTP token.
4. The SVTP token is our prototype test token designed for testing and capital fundraising, allowing any buyer to get in early. Early participants will be rewarded for their participation in any testing, marketing, and community building activities. Due to this being the prototype token version, the SVTP token will not be brought to markets until after all token sales and the V1 airdrop. After the V1 airdrop, the SVTP token will be a gift to early buyers, meaning they keep their original SVTP tokens. Holders will be airdropped the new V1's to their Phantom wallets holding the SVTP tokens, based on the supply held. To simplify, airdrop tokens will be brought to markets after the airdrop has been completed, and we will fund the liquidity pools for both. Our SVTP prototype token will be used to ensure all functionality is operational, address any security issues, build awareness of the project, create and reward our community members, and help strengthen the Solana ecosystem.
5. Important Wallet Info: As of now, only use a Phantom Wallet for SVTP token purchases. During our initial transfer testing, we noticed issues with our token not showing in other Solana wallet types, regardless of what on-chain data indicated. Tokens had been received, so due to this, the only wallet that should be used for SVTP token purchases is Phantom Wallet. As mentioned above, due to the design characteristics of our token, it will show in your NFT collections. We will work with all Solana wallet providers to fix how SVT tokens are recognized and displayed in their wallets.
Total Tokens: 200,000,000 | Available Tokens: 180,000,000
Token id: SVTPbDXvTuh9HUDoyRh8pa2H5tpNqpagBvekwLUBftQ
Tokens need to be purchased in whole amounts due to their lamport backing
Buyers should only use a Phantom wallet to purchase tokens
Due to the current wallet identification of the SVT token type Tokens will appear in buyers wallets as NFT's
Check your NFT collections for your SVTP tokens