🪙Script Tokens

Script Tokenomics Overview

ScriptTV uses a dual token system. The primary token, $SCPT, is used to power and govern the overall network, while $SPAY is responsible for transactions, gas fees, smart contract interactions, and rewards.

$SCPT is an BEP-20 / SRC-20 token that will be multi chain. Our community can stake $SCPT in exchange for multiple crypto rewards and NFTs, use it to manage the Script Network through our upcoming decentralized autonomous organization (DAO), or earn $SCPT by running a node and supporting the network amongst other utilities.

Tokens

Script.TV will be a first-of-its-kind online TV platform in which both users and content publishers earn valuable tokens through video streaming. Script.TV will be a feature-rich application that provides users with round-the-clock entertainment through a range of exciting channels.

The network will use the blockchain-based Script token (SCPT) as a direct incentive for users to not only watch and discover great new content but also to contribute their computers’ bandwidth and memory to the network. Fundamentally this incentive mechanism is what powers the network and allows Script.TV to avoid the problems currently plaguing traditional streaming platforms.

Content partners earn SPAY tokens for every minute their content is watched on Script.TV and users earn SPAY tokens every time they watch programs on Script.TV. By operating and utilizing the Script. TV web app, any device can become a Script node able to earn users additional rewards for caching and distributing video data. $SCPT & $SPAY Storage

SCPT & SPAY are the two tokens on the Script Blockchain. To begin with, to ensure instant liquidity, ease of trading, and a platform to perform swapping with popular pairs at scale, SCPT will launch as an BEP-20/ SCR-20 token. This means that SCPT (and SPAY in the future) can be stored in popular wallets such as Metamask and Trustwallet.

Further down the line in our roadmap, we will perform a 1:1 conversion for SCPT and SPAY to the Script Blockchain. Users and content partners will have further flexibility on where to store SCPT and SPAY. Users and content partners can store, send and receive their tokens securely within their wallets on the Script Network. And as SCPT and SPAY are listed on more exchanges (both CEX & DEX), these will provide further storage options for users. Should users or content partners wish to store their tokens away offline, they will eventually be able to hold their tokens on hardware wallets.

Native Tokens

The Script blockchain has two primary native tokens: the Script Token ($SCPT) and the Script Pay token ($SPAY). SCPT is a governance token used to stake the validator and Lightning nodes. On the other hand, SPAY, the utility token, is used to pay content consumers, reward node operators, and pay for transactions on the Script blockchain.

Types of Tokens:

The SPAY and SCPT tokens were created to increase the platform's integrity. Moreover, they make it unlikely that the tokens will be stored for future sale. This deterrent to removing tokens from circulation and storing them in wallets means that the Script platform can keep more tokens in circulation and easily control their value.

SCPT: It is a dual-use token. It is used for governance and staking. There will be a maximum supply of 1,000,000,000 (1 billion) SCPT tokens.

SPAY: The SPAY token is used for compensations, rewards, and blockchain payments. Initially, there will be a supply 5,000,000,000 (5 billion) tokens. However, unlike SCPT, their supply is not strictly capped. New SPAY tokens will be minted and released into the market every year. The number of tokens that will be minted and released will depend on a protocol algorithm.

SPAY tokens are supposed to be used in our everyday transactions. Their huge supply is supposed to keep their value low so that everyone can easily afford them. In addition, since more SPAY tokens are put into circulation every year, investors will not benefit from hoarding them. This means that platform users are better off using their tokens because if there is a glut of tokens on the market, their value will either remain the same or decline.