SYL Tokenomics
Quantitative and qualitative analysis of the SYL and its ecosystem, identification of the value creation’s levers of the token.
SYL model design
USE CASES
The SYL was designed to allow
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Transfer of values
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Purchase and subscription to services
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The execution of Smart Contracts
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Simultaneous games
The ecosystem will be sustainable thanks to the services deployed on the network which will reward :
Developers following a purchase of their dApp or subscription to their service. However, there is nothing that imposes a common position or goal on them. They remain free to make their own choices.
XSL Labs with a fraction of the price of the services.
Users through the increase of SYL’s value and access to different services.
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Locking
The Token will be rendered temporary unusable in the following cases :
A maximum of 3,000,000,000 SYL will be sequestered by Smart Contract with a low monthly release to supply the various ecosystem services.
The creation of each SDI will sequester 0.5 SYL in a Smart Contract (SYL coming from the XSL Labs’ escrow account).
All Smart Contract created in the ecosystem will block a certain amount of SYL in accordance to its needs. Furthermore, through imposed contracts, external dApps’ developers will not be able to sell more than a certain amount of SYL per month (depending on the monthly volume of SYL in the market
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Ecosystem
The ecosystem will consist of different players :
Users of different services.
Developers of dApps or dApps extensions.
Engineers who will update the DLT.
Third parties wishing to use SDI in their apps.
Parity
Within the ecosystem a fixed/stable parity will be put in place. The services will have a stable price in SYL (independent of the market price) and a price in FIAT. In this specific case, the fundamental value of the asset will increase with the multiplication of many services offered within the ecosystem.
For example
A developer offers a user data protection’s service within a dating app. This service costs 10 SYL or 1 EUR. The user can then decide to spend the SYL on his wallet or pay in FIAT.
If he decides to pay in FIAT, it will cost him more. In this case, the developer will be paid more than the price in SYL for his service.
Goal
Gradually lead the user to accumulate SYLs in his wallet, to use them and thereby to increase the liquidity of the asset.
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Market value
The market value will depend on the number of exchanges that list the asset, supply and demand, as well as its fundamental value.
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Fundamental value
The fundamental value of the SYL’s money supply will depend on the number of services and the number of users of those services within the ecosystem. The more diverse and varied use cases there are, the more the fundamental value of the asset will increase. This will be all the more appreciated because of the fixed parity implemented within the ecosystem.
THE FONDAMENTALS OF SYL
Underlying technology
A decentralized identity will be deployed on a DLT. Distributed apps as well as different extensions will be part of the services offered within the SYL ecosystem.
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Market size
The global Big Data and Analytics’ market size was estimated at $ 171.39bn in 2018, and is expected to reach $ 512.04bn in 2026, with an annual growth rate of 14.80% between 2019 and 2026 according to Valuates Reports. Between the two periods, the market will have multiplied by 3.
https://reports.valuates.com/market-reports/ALLI-Manu-3K13/gblobal-big-data-and-business-analytics
This market is divided into 5 areas :7% Diffusion & targeting (A)
16% Gathering of data, sale and rental of database (B)
18% Storage structuring, Hosting (C)
22% Online advertising (D)
37% Analysis & Intelligence (E)
The SYL's areas of action are A, B and D. Which, by 2026, will put the SYL on a maximum market of 220.16 billion euros (these figures are only indicative).
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Number of users
Europe has 741.4 million inhabitants.
On average 93% of the European population uses the Internet and smartphones.
https://fr.digitalsobe.com/statistiques-dutilisation-mobiles
The number of potential users of our services is therefore 689,502 million for the EURO zone. International expansion is possible but this is not, for the moment, part of the initial phase of the ecosystem expansion plan.
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Token velocity
This will be defined in the “Theory of quantitative currency”.
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Value Creation
In this service platform, the SYL is designed as an internal currency in the ecosystem.
Therefore, the SYL will be used to access different services.
The goal of XSL Labs is to create, over the long term, a self-sufficient ecosystem that will spark interest in owning SYL to use within the ecosystem. SYLs can only be resold once a month by dApps’ developers, without exceeding a contractual percentage (Smart Contract). This percentage is directly related to the volume of assets on the market.
Application of the theory of quantitative currency to SYL
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Calculation
Ms1 = (P1xQ1) /V1 + Ms2 = (P2xQ2) /V2 + …
Ms : the fundamental value of money supply or market cap (in USD) per service
V: the velocity or the number of times the Token is exchanged over a period of time (per year)
P: the price of the product or service sold (in USD)
Q: the quantity of products or services sold over a period of time (per year)
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Example
200 services
20 services at 1$ - […] – 20 services at 10$
12 of velocity (full resale of developer stocks without Locking)
7,000,000,000 SYLs in circulation (not counting Locking)
(Ms (1) = ((1 x 100000) / 12) x 20) + (Ms (2) = ((2 x 100000) /12) x20) + (Ms (3)) …. + (Ms (10) = ((10 x 100000) /12) x20) = 9 166 440$
In this scenario, the fundamental value of the SYL’s market cap will be $ 9,166,440 and thus the fundamental value of a SYL will be $ 0.0013. To this fundamental value must therefore be added the speculative value of the token to obtain the final price of the asset.
Conclusion
Above all the SYL token will be a means of exchanging, purchasing services and executing Smart Contracts within the SYL ecosystem. The value of the asset will therefore depend on the number of services and their cost, the number of assets in circulation, the velocity within the ecosystem and the supply/demand in the speculative market..
It should be noted that even if XSL Labs disappears, the ecosystem will continue to develop autonomously and to operate perpetually, powered by the players of the network. This is possible because of the decentralization characteristic of the network, and its lack of need of a central and unique decision-maker. Through this "Tokenomics", we can understand that all the players in the ecosystem will have an impact on the asset’s price through their various services.
Take part in the adventure
To help with the development and the access to the different services that will be offered subsequently, participate in the adventure by obtaining the SYL utility token.