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  • Silencio Network Introduction
    • The Problem
    • Our Mission
    • How We Capture Value
    • How We Deliver Value
      • Venue Noise Levels
      • Street Noise Levels
      • Noise Complaints
      • In-App Monetization
    • Our Honest Data Approach
    • How To Get Started
  • Technical Overview
    • Why Blockchain? Why peaq?
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      • Anomaly Detection Engine
      • Fraud Detection Consequences
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    • Security and Scalability
  • Tokenomics
    • Token Distribution
    • Utility of the $SLC Token
    • Beta Airdrop
    • Ecosytem Development Treasury
    • CEX & DEX Liquidity
    • Investors
    • Initial Community Campaigns
    • Core Contributors
    • The Silencio Reward Economy
      • Gamification Features
    • Monthly Community Raffle
    • Inviting a Friend to Silencio
    • Future Community Rewards
    • Staking
    • Data Monetization and Value Accrual
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  • Core Contributors
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On this page
  • 1. Data Marketplace
  • 2. Rewarding Community Engagement
  • 3. Governance and Voting
  • 4. Access to Premium Features
  • 5. Staking and Rewards (Coming Soon)
  1. Tokenomics

Utility of the $SLC Token

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Last updated 4 months ago

The $SLC token is the core utility token within the Silencio ecosystem and offers a broad range of use cases that drive engagement, reward participation, and ensure the network’s long-term sustainability. The $SLC token adds value in the following ways:

1. Data Marketplace

The $SLC token acts as the primary medium of exchange within the Silencio data marketplace. Businesses, researchers, and local governments can acquire Silencio's data using $SLC, fostering a seamless exchange of valuable insights and driving a long-term positive feedback loop. The Silencio company can serve as an intermediary to facilitate FIAT payments.

2. Rewarding Community Engagement

The $SLC token acts as a reward mechanism for users contributing to the network, whether through providing data, engaging in community activities, or referring new users. This incentivizes long-term participation and helps build a thriving, engaged ecosystem.

3. Governance and Voting

$SLC token holders will eventually be able to participate in the governance of the Silencio network. Through token-based voting, users can influence important decisions, including platform features, Tokenomics adjustments, and ecosystem development, ensuring a decentralized and community-driven approach.

4. Access to Premium Features

As Silencio expands its offerings, the $SLC token may be used to unlock premium features or services, such as enhanced app functionalities, access to exclusive datasets, and participation in special promotions and events.

5. Staking and Rewards (Coming Soon)

Users will have the option to stake their $SLC earnings from the monthly raffle system. In doing so, they can significantly boost the number of raffle tickets they earn for future raffles. By staking tokens, users actively support the network's stability while benefiting from its long-term growth potential.

In summary, the $SLC token is designed to facilitate a wide range of activities within the Silencio ecosystem, from data exchanges and rewards to governance and premium access. It empowers users and creates a more equitable, decentralized, and sustainable platform for noise pollution monitoring—and beyond.