SPL Token Litepaper
SPL Token is an ERC-20 governance token on Ethereum with a fixed supply of 21 Million, paying homage to the scarcity of privacy pioneers like Bitcoin and Zcash.
Synthesis with PrivacyOur 8-year journey started with Privacy, and we now aim to achieve decentralization at a global scale in an attempt to create a long-term economic synthesis where VPN usage rewards users with ownership.
Subscribe & EarnUsers receive 100% back in SPL tokens. Pay $4 per month for privacy? Get 4 SPL tokens. Accumulate enough of them to pay for future subscriptions, or buy ecosystem products or share with friends, or trade them. To be clear, 4 tokens is not equivalent to $4. The subscription cost remains $4, therefore you will need to supply tokens worth $4 (amount of tokens worth $4 is determined by whatever price the token is trading at on exchanges). For example, if the token is trading at $2 per token, then you will only need to supply 2 tokens.
Deflationary ApproachUse your accumulated SPL Loyalty tokens to pay for your subscription! Those tokens are sent to the Dead Wallet on Ethereum, removing them permanently from circulation, creating a deflationary loop.
Decentralized GovernanceIn the long run, the VPN user community manages the token operations and day to day governance via voting on community submitted proposals of revenue share, staking, periodic buyback and burns, building a strategic BTC or ZCASH reserve, or expansion into the Web3 space via Dapps and other utilities.
Inclusive ApproachAs a way to bridge the Web2 - Web3 gap, a user paying for the VPN using a debit or credit card can also avail the SPL token airdrop by supplying an ERC-20 address at the time of checkout. There is no pre-sale. The tokenomics above are simplified enough to provide an opportunity for everyone involved to participate in the decentralization initiatve and benefit from it.
We took a collective decision to forego the typical presale or VC approach at a valuation in the millions, and instead attempt to pass on the benefit to the ones who got us here in the first place - the half a million users who use our service everyday! This is why we will attempt to seed the liquidity pool to start at a market-cap between $75,000 to $250,000, giving us ample room for growth in the long run, as users accumulate their loyalty tokens at each monthly subscription renewal.
Legal Disclaimer & Jurisdictional Information
SPL VPN provides privacy tools for legal activities. We assume no responsibility for misuse in sanctioned jurisdictions. Read Full Legal Information
Tokenomics
(Distributed until cap is hit)
Future Roadmap
Roadmap to be formulated upon assessment of progress achieved in 2026 via DAO
