# $SLT Token

Having put countless time and effort into architecting a model and methods that will:

1. Protect **$SLT** holders.
2. Ensure the ecosystem is stable, effective and secure.
3. Provide the service set out to achieve.

Sociallockets tokenomics have been well thought-out to ensure longevity and financial empowerment.

**$SLT – Paving The Way For Financial Freedom**

$SLT is not just a digital asset but symbolizes and represents the power of financial empowerment through decentralised decision making. Holders of $SLT become a part of the Sociallocket community as part of empowering the ecosystem whilst being apart in bridging the gap between the physical and digital world via tokenisation.

**Staking $SLT**

Staking $SLT offers many benefits to its holders. $SLT allows holders to benefit from rewards distributed from our staking pool. Whilst contributing to the security and stability of the Sociallocket network, holders will receive high APY.

As part of offering $SLT holders the opportunity to make better financial decisions, Sociallocket offer flexible staking periods allowing holders to take control of their own finance whilst receiving rewards over time.&#x20;

**$SLT will serve as the core backbone of our** **Sociallocket Debit Card** and financial institute which will allow holders to secure lending based on the amount of $SLT staked. Holders will also be able to top up their Sociallocket Debit Card with $SLT allowing them to enjoy the pleasures of real life experiences by making payments in stores and facilitating transactions via platforms that accept Debit Card payments.

**$SLT Benefits**

The $SLT token has endless benefits ranging from the ability to purchase real world assets (real estate) to playing its role in tokenising assets whilst providing its users with security. A few that we focus on as part of securing the network for its holders and users  are:

* **Deflationary** - The $SLT Token is a deflationary asset with a non-programmatic burn. The SLT token will be deflationary until it has reached 50% (100,000,000) of its total supply (200,000,000).
* **Scarcity** - With the $SLT Token being a deflationary asset, it is designed to increase in value as the token becomes more scares over time.
* **Buy Backs (Token Burn)** - Periodic buy backs of the $SLT Token will occur throughout the lifecycle of the token. Fractions of the $SLT Token will be removed from the circulating supply as part of increasing its value and scarcity.

**$SLT Use-case**&#x20;

Similar to its benefits, the $SLT token has many use-cases. At it's core, we have split this into three principles, that are:

* **Purchase Physical Assets** - Purchase Real Estate Assets using the $SLT token.
* **Low Transaction Fees** - Depending on the amount of $SLT staked, we don’t add any transaction fees when using the $SLT token to purchase Real Estate Assets using the Sociallocket Platform.
* **Access to Presale token launch** - Participation in token sales launched via the Sociallocket platform.
