SYL Tokenomics
Quantitative and qualitative analysis of SYL and its ecosystem, identification of the value creation’s levers of the token.
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SYL model design
USE CASES
SYL was conceived to allow:
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Value transfer
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Purchase of services on SYL Library
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SDI creation
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Payment of Verifiable Credential issuers
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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 app or subscription to their service
The Verifiable Credentials issuers for issuing Verifiable Credentials
The Verifiable Credential issuers for writing the Verifiable Credential traces on the blockchain
Users through the SYL value creation and access to different services
Users for sharing chosen identity information via Cortex
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Locking
3,000,000,000 SYL will be sequestered by a Smart Contract with a low monthly release to supply the various services in the ecosystem.
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Ecosystem
The ecosystem will consist of different players :
Users of different services.
Developers of dApps or dApp extensions.
Engineers who will update the DLT.
Third parties wishing to use SDI in their apps.
Verifiable Credential issuers
Parity
Within the ecosystem a fixed parity will be put in place. The services will have a stable price in SYL. In this specific case, the fundamental value of the asset will increase with the multiplication of many services offered within the ecosystem.
Goal
Gradually get the user to accumulate on his wallet or increase the liquidity of the asset.
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Market value
The market value will depend on the listing of the digital asset on the exchange platforms. At this time, we cannot answer this question.
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Fundamental value
The core value of 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 uses of the ecosystem there are, the more value the asset will have.
THE FUNDAMENTALS OF SYL
Underlying technology
A blockchain will be used as the foundation of the ecosystem. dApps as well as various dApps extensions will be part of the services offered.
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The Data market size
The size of the global Big Data and Analytics market was estimated at $ 171.39 billion in 2018, and is expected to reach $ 512.04 billion in 2026, with an annual growth rate of 14.80% between 2019 and 2026 according to Valuates Reports. Between the 2 time periods, the market will be 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.
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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 Eurozone. International expansion is possible but this is not, for the moment, part of the ecosystem expansion plans.
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Token velocity
This will be defined in the “Theory of quantitative currency” (see below).
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Value Creation
The fundamental value of SYL will depend on its use within the ecosystem and will be helped by its fixed parity. If we exclude the speculative part of the asset, then the market value will be equal to the fundamental value of SYL within its ecosystem.
Application of the theory of quantitative currency to SYL
The SYL is built as an internal asset for the ecosystem.
Therefore, the SYL will be used for the purchase of services and issuance of Verifiable Credentials.
The goal of XSL Labs is to create, over the long term, a self-sustaining ecosystem that will generate significant interest in owning SYL for use within the ecosystem. SYL can only be resold once a month by third-parties involved in the ecosystem, without exceeding a contractual percentage (Smart Contract). Because of the network fees, we need to accumulate SYL before releasing it until the ecosystem is transferred on a more efficient network, in our case Flare Network. This percentage is directly related to the volume of assets on the market.
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Calculation
Ms1 = (P1xQ1) /V1 + Ms2 = (P2xQ2) /V2 + …
Ms: fundamental value of money supply or market cap (in USD) per service
V: velocity or the number of times the Token is traded over a period of time (per year)
P: price of the service sold (in USD)
Q: quantity of 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
7,000,000,000 SYL in circulation
(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$
The fundamental value of the SYL marketcap is, in this example, $ 9,166,440.
The fundamental price of a SYL will therefore 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
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.
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.