# SX Tokenomics ## 🔍 SX Token Overview The [SX token (SX)](https://www.coingecko.com/en/coins/sx-network) enables community ownership and decentralized governance that will guide SX to a sustainable future. SX is an ERC-20 token that exists on the [Ethereum](https://etherscan.io/token/0xbe9f61555f50dd6167f2772e9cf7519790d96624), and[ SX Network](https://explorerl2.sx.technology/address/0x3E96B0a25d51e3Cc89C557f152797c33B839968f) blockchains. SX Network token on Ethereum: SX Network token on SX Network: \*OLD\* Deprecated SportX token on Ethereum: ## 💱 How to Buy SX * [Uniswap (DEX) on Ethereum](https://app.uniswap.org/swap?inputCurrency=0xbe9f61555f50dd6167f2772e9cf7519790d96624\&outputCurrency=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48) * [SharkSwap (DEX) on SX Rollup](https://sharkswap.xyz/) ## ✅ SX Utility The SX token has a number of key functionalities within the SX Network ecosystem: ### ⛏️ **Staking** In order to secure the network, token holders can stake (i.e. lock up) their tokens to earn staking rewards. Tokens that are staked remain in the user’s control, but they can no longer be transferred. By staking tokens, the circulating supply of the token is temporarily reduced, which also has the beneficial effect of increasing scarcity. All (100%) of protocol revenue is paid out to SX stakers in the form of USDC, ETH, and SX. ### 🏛 **Governance** SX allows token holders to control over all the parameters of the SX Network blockchain. It also gives holders control over the SX prediction market protocol smart contracts through the [governance user interface](https://governance.sportx.bet/#/). ### **⛽ Gas Token** SX tokens are used as a medium of exchange and unit of account within the SX Network blockchain. Similar to the relationship of ETH to Ethereum, SX is the "gas" of the SX Network blockchain. Every single transaction on SX Network requires SX tokens in order to process. This means as demand for the SX Network blockchain continues to grow, there will be increasing demand for the SX token. ## 📊 SX Supply The SX token was launched on January 2021 with a maximum supply of 1,000,000,000 (1 billion) SX. The initial launch allocation was as follows: * 🏦 Community Fund: 530,000,000 SX (53.00%) with 4-year vesting * 🛠️ Core team: 228,554,913 SX (22.86%) with 4-year vesting * 💼 Early backers: 103,070,000 SX (10.31%) with 4-year vesting * 🧾 Marketing budget: 50,000,000 SX (5.00%) with 4-year vesting * 💧 User Airdrop: 20,000,000 SX (2.00%) available at TGE SX token holders have control over the community treasury, and could distribute the 530,000,000 SX tokens in the community fund through DAO voting. However, these tokens can’t be accessed by the DAO until they vest. Tokens vested to the community treasury, team, early backers, and to the marketing budget on a monthly basis according to the following schedule: 10% in 2021, 20% in 2022, 30% in 2023, and the remaining 40% in 2024. Team, investor, and strategic marketing initiatives SX allocations were all locked up on an identical vesting schedule to the community treasury:

## 🧮 Current Tokenomics As of January 1st 2025, SX token is 100% vested.

The supply of SX is split between the three categories: * 🏦 Community Fund: 465,281,969 SX (46.52%) * 💰 SX Holders: 533,972,010 (53.39%) The amount of SX tokens actually held by investors that can be sold (i.e. excluding Community Fund and Burned SX) is only 533,972,010 SX. Of these tokens held freely trading, they are currently split up in the following ways: * 🥩 Staked SX: 318,378,110 SX * 🏧 SX LP'd On-Chain: 7,464,965 SX * 💵 Circulating SX: 208,128,973 SX