$SCAN Rewards

In the bootstrapping phase, most rewards are paid from the Baseline Issuance pool. As Scannit begins generating meaningful protocol revenue, Revenue-Linked Rewards (RLR) increasingly fund payouts, reducing reliance on Baseline and avoiding additional circulating-supply pressure. RLR never mints new tokens: it converts a share of net revenue into $SCAN and distributes it under governed rules. If revenue = 0, RLR = 0.

Baseline Rewards

  • Total supply: 1,000,000,000 $SCAN (hard-capped).

  • Baseline Issuance: 30% (300M) distributed weekly over 15 years with decay –25%/yr in Years 1–5, then –10%/yr in Years 6–15 (front-loading growth while preserving long-term incentives).

Revenue-Linked Rewards

  • Source: governed share of net protocol revenue (e.g., platform fees, API/developer fees).

  • Mechanic: weekly TWAP conversion of revenue to $SCAN; no new mint.

(Time-Weighted Average Price; splitting conversions into small slices over a 24–72h window to minimize slippage and avoid price targeting)

  • Default split: Contributors 50% / Node MRR 30% / Growth & Grants 20% (each bucket SIP-tunable within published ranges).

  • Burn policy: 10% of acquired $SCAN is burned by default (SIP range 0–20%).

How you earn $SCAN:

Participants can earn $SCAN tokens by actively contributing to the Scannit ecosystem. This can be done by completing quests, uploading data such as receipts and invoices or by integrating personal financial accounts like bank accounts and crypto wallets. Also users can unlock specific expert quests when they verify their expertise. Each valid data contribution earns tokens, with the potential for higher rewards based on the quality and relevance of the data. Users have the option to verify transactions by connecting their wallet or banking account f. ex. via Plaid and proof the accuracy of their provided information.

This design was created to increase the quality of the generated data.

To maximize your $SCAN earnings, consider these strategies:

  • Regular Participation: Continuously engage with the Scannit by frequently uploading data, ensuring consistent contributions.

  • Complete Quests and Special Activities: Scannit offers various quests and activities that provide additional opportunities to earn tokens. Engaging in these can boost your earnings.

  • Quality & reputation: higher confidence scores and clean reviews unlock premium quests and multipliers.

  • Leverage New Features: As Scannit evolves, new features and functionalities will be introduced. By staying updated and utilizing these new tools, you can find additional ways to enhance your earnings.

The gradual decrease in token issuance encourages early adoption and sustained engagement, making it beneficial to start early and remain active within the ecosystem to optimize your $SCAN token accumulation.

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.

Last updated

Was this helpful?