Tokenomics

1. Token Supply

  • Total Supply: 21,000,000 SERVICE

  • Circulating Supply: Initially, 18,333,000 tokens after burning 12.7% at launch.

  • Maximum Supply: Fixed at 21,000,000 tokens, ensuring scarcity and limiting inflationary pressures.

2. Token Distribution

  • Launch Burn: 12.7% of tokens (2,667,000) burned at launch to create initial scarcity.

  • Remaining Tokens: Distributed among ecosystem participants, team members, and service business partners.

3. Use Case (Utility)

  • Real-World Business Integration: Service Coin is linked to revenue from real-world service businesses like HVAC, plumbing, electrical, and contracting.

4. Governance

  • Decentralized Governance: Community-driven decision-making processes ensure that the ecosystem evolves based on user needs and market conditions.

  • Transparency: All transactions and governance decisions are recorded on the blockchain for transparency and accountability.

5. Incentives and Rewards

  • Deflationary Model: Profits from service businesses fund weekly token buybacks, reducing supply and increasing token value over time.

  • Passive Income: Holders benefit from the potential increase in token value due to scarcity and real-world business success.

6. Economic Model

  • Deflationary Mechanism: Token buybacks create a deflationary environment, enhancing token value through scarcity.

  • Real-World Value Injection: Revenue from service businesses supports the ecosystem, providing a tangible link between crypto and real-world economic activity.

7. Benefits for Holders and Users

  • Increased Token Value: Scarcity and real-world business success drive potential value growth.

  • Stable Ecosystem: The deflationary model helps maintain ecosystem stability by controlling inflationary pressures.

  • Transparency and Trust: Blockchain-based transactions ensure transparency and build trust among users.