$SOMI Core Information Summary - What is $SOMI ?
• Basic Attributes: The native token of the Somnia network, with a fixed supply of 1 billion tokens, supporting core economic activities such as network transactions, governance, staking, and participation rewards.
• Core Uses:
1. Staking: Validators stake to run nodes, and holders can delegate tokens to node providers.
2. Payment: All transactions on the network must use it to pay Gas fees.
3. Governance: It will be used for network decision-making processes in the future.
• Key Design Highlights:
◦ Deflationary Design: 50% of Gas fees are burned, and an increase in network usage will reduce the total supply, benefiting long-term holders.
◦ Gas Discount Mechanism: The more gas a contract consumes, the higher the throughput (over 400 TPS enjoys a 90% discount), and the lower the unit Gas cost, making it cheaper under load.
◦ Time-Shared Storage: Supports permanent/temporary storage, with short-term storage (e.g., 1 hour) enjoying a 90% discount, suitable for on-chain games and other scenarios.
◦ DDoS Protection: The price of Gas dynamically adjusts with block delays; when blocks exceed 95ms, validators can double the Gas price, significantly increasing the cost of attacks. @Somnia Official $SOMI #Somnia @Somnia Official
• Basic Attributes: The native token of the Somnia network, with a fixed supply of 1 billion tokens, supporting core economic activities such as network transactions, governance, staking, and participation rewards.
• Core Uses:
1. Staking: Validators stake to run nodes, and holders can delegate tokens to node providers.
2. Payment: All transactions on the network must use it to pay Gas fees.
3. Governance: It will be used for network decision-making processes in the future.
• Key Design Highlights:
◦ Deflationary Design: 50% of Gas fees are burned, and an increase in network usage will reduce the total supply, benefiting long-term holders.
◦ Gas Discount Mechanism: The more gas a contract consumes, the higher the throughput (over 400 TPS enjoys a 90% discount), and the lower the unit Gas cost, making it cheaper under load.
◦ Time-Shared Storage: Supports permanent/temporary storage, with short-term storage (e.g., 1 hour) enjoying a 90% discount, suitable for on-chain games and other scenarios.
◦ DDoS Protection: The price of Gas dynamically adjusts with block delays; when blocks exceed 95ms, validators can double the Gas price, significantly increasing the cost of attacks. @Somnia Official $SOMI #Somnia @Somnia Official