The $SCAN Token explained

The $SCAN Token explained

$SCAN is the coordination and access token of the Scannit Network. It aligns contributors, enterprises, node operators, and developers around a shared marketplace for permissioned, high-quality real-world data.

What $SCAN powers

1. Payments & settlement

• Used for dataset purchases, premium APIs, and developer marketplace fees.

• Enterprises may pay in fiat/stablecoins; the treasury converts into $SCAN for rewards, POL (protocol-owned liquidity), and sinks, no price targets.

2. Contributor rewards

• Validated quest completions and interactions earn $SCAN.

• Higher confidence scores unlock premium quests and multipliers; regional off-ramps (e.g., select stablecoins or gift cards) where permitted.

3. Access staking & bonds

• Experts, node operators, and certain enterprise/developer actions post $SCAN stakes/bonds to access high-value quests or listings.

• Stakes can be slashed for fraud, policy breaches, or failed attestations.

4. Governance

• $SCAN holders propose/vote on Scannit Improvement Proposals (SIPs) and can delegate voting power.

• Parameters are set within constitutional guardrails (e.g., fee revenue, RLR (revenue linked rewards) split, POL/burn caps, Node-MRR %).

5. Ecosystem growth

• Grants, hackathons, dataset bounties denominated in $SCAN to bootstrap new verticals and tooling.

• Disbursements tied to KPI-based milestones and streamed where appropriate.

6. Protocol Owned Liquidity (POL)

• A portion of revenue-converted $SCAN is paired with stables/SOL and deployed as protocol-owned liquidity on major Solana AMMs.

• LP fees flow back to RLR/treasury per policy; allocations are SIP-governed within published ranges.

Disclosure: $SCAN provides access, coordination, and governance. It does not represent equity, profit rights, or dividends.

Supply Cap & Emissions

Total Supply & Chain. $SCAN is hard-capped at 1,000,000,000 tokens on Solana (SPL). No additional mint beyond this cap under any circumstance.

What can mint (and when). There are exactly two pre-allocated issuance streams:

1. Baseline Issuance — 30% (300,000,000 $SCAN).

   • Cadence: emitted weekly over 15 years.

   • Shape: decays –25%/year in Years 1–5, then –10%/year in Years 6–15.

   • Purpose: bootstrap supply-side (contributors), early ecosystem incentives, and public goods, without overpaying late in the curve.

2. Node Emissions — 10% (100,000,000 $SCAN).

   • Cadence: linear stream over 4 years, paid weekly.

   • Weighting: performance-based (uptime, latency, data-integrity attestations, stake).

   • Redemption: released as escrowed $SCAN on a 15/90/180-day curve to discourage fast churn and reward sustained quality.

No other issuance streams exist. Prior references to “Market Issuance” are replaced by Revenue-Linked Rewards (RLR), which are funded from protocol revenue converted into $SCAN (see “Rewards Mechanics”). RLR does not mint new tokens.

Emissions Autopilot (SIP‑0 Parameters)

To align issuance with real demand, Baseline Issuance can only be throttled down within pre‑defined KPI bands. This avoids discretionary interventions while protecting contributors and buyers.

Definitions

• Coverage = (RLR distributed this week) ÷ (Baseline scheduled this week)

• MRD (Minimum Revenue‑to‑Demand) = $ billed or credited for datasets per week, relative to token emissions

Bands & triggers (rolling 4‑week lookback):

Band	Condition	Baseline setting	Other levers
Green	Coverage ≥ 0.50 and MRD met	100% of default	Standard node escrow, off‑ramp caps
Amber	Coverage 0.25–0.49 or MRD miss 1–3 weeks	70% of default	Heavier weight on 90/180‑day node escrow
Red	Coverage < 0.25 or MRD miss ≥ 4 weeks	40% of default	Maintain caps; remediation plan published on the dashboard

Notes: (i) Throttle‑down only, never above the formula schedule. (ii) Changes execute via SIP with on‑chain KPIs; treasury operations remain TWAP‑only, with no price targets and no discretionary buybacks.

Reward Mechanics: Why $SCAN Beats Cash

Aligning incentives today while paving a friction-free on-ramp for tomorrow’s Web 2 audience.

Pure cash payouts sound simple, but they break the feedback loop that makes Scannit’s marketplace work:

• No stake, no voice. Cash exits the system immediately; it confers zero voting power over fee tiers, quest standards, or treasury grants.

• No compounding value. Fiat does not circulate back into new quests or liquidity pools, limiting network growth.

• Regulatory baggage. Cross-border cash disbursements trigger a patchwork of KYC and remittance rules that would slow contributor onboarding.

$SCAN solves these frictions by keeping rewards, governance, and liquidity inside the same economic layer, yet Scannit recognizes that many mainstream users aren’t ready to interact with crypto rails on day one.

Coming feature	How it works
Stable-coin bridge	$SCAN earned in-app can be swapped for major USD-pegged stable coins (e.g., USDC) through a built-in liquidity pool.
Marketplace gift cards	A curated catalogue of digital gift cards (retail, gaming, utilities) is priced dynamically in $SCAN; settlement happens in-app, delivery via email or QR code.
Progressive cash converts	High-reputation accounts (verified ID + quality score) will unlock periodic fiat off-ramps once regional compliance gates are in place.

Bottom line: $SCAN remains the backbone of contributor rewards and governance, but stable coins and gift-card rails widen the tent, letting Web 2 users participate, learn the value of their data, and graduate to deeper ecosystem roles at their own pace.

This page does not make any binding representations.

Please be aware of scam tokens. The official token address for $SCAN will be clearly provided on our official platforms. Always ensure you are interacting with the correct token address and verify the source of any communications.

It's crucial to triple-check that any communications claiming to be from Scannit are authentic. Scammers often attempt to deceive users into sending them crypto or revealing private keys. There are no guarantees regarding the nature of the $SCAN token or its distribution, as these may change based on ongoing legal, tax, and other design considerations. Future alterations to the token's distribution could also be decided by a vote of the token holders in accordance with network governance.

Scannit reserves the right to withhold tokens from users whose wallet addresses are flagged for compliance issues, including anti-money laundering, sanctions, or other applicable laws. Nothing in this document or related communications constitutes a promise or guarantee of any future actions, and Scannit is not bound to distribute $SCAN tokens to any user.