The $SROX Token

(WIP, Subject to Change)

What is the $SROX token?​

The $SROX token is a new token that will be launched shortly after the Space Hawks mint. Space Hawk holders that stake their Space Hawks will earn yield in $SROX, gaining governance power in Spacerox DAO as well as the ability to spend $SROX on Spacerox products and services.

How can I earn $SROX?​

Earning $SROX is very simple. All you need to do is keep your Space Hawk NFT(s) in your wallet. Spacerox DAO will leverage on-chain data to determine how long each Space Hawk stays in it's current wallet. If a Space Hawk moves from one wallet to another, the staking clock resets. Note that moving a Space Hawk out of a wallet forfeits any $SROX that have been earned but not yet deposited in the same wallet by Spacerox.

What is the yield schedule?​

The yield schedule varies across Space Hawks and depends on their rank. The current yield schedule in $SROX is:

• Ranks 1-1000 - 60 $SROX per year

• Ranks 1001-3000 - 37 $SROX per year

• Ranks 3001-5555 - 23 $SROX per year

$SROX yield will be airdropped into Space Hawk holders once every month evenly distributed throughout the year. For example, a rank 50 Space Hawk holder will receive 5 $SROX for each complete month of staking. If a Space Hawk is moved between wallets then any $SROX accrued that month by the sending wallet are forfeited and the receiving wallet accrues a prorated portion of $SROX for the first month. For example, if Alice just purchased a rank 100 Space Hawk and is exactly half a month away from the next airdrop, she will receive 2.5 $SROX in the first month, followed by 5 $SROX for each subsequent month that the Space Hawk remains in her wallet.

What can I use $SROX for?​

$SROX can be spent anytime on Spacerox products and services at a rate of 1 $SROX per USDC. For example, if Bob is contracts a Spacerox consulting service at a price of $850 / month (actual price may vary) and he has 850 $SROX, he can cover one month of consulting costs with his token and pay the rest with fiat or USDC.

What are the future max supply, distribution and emission rates of $SROX?​

This is still undetermined and we will provide an update closer to the $SROX launch.

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