Token

1. Token Utility

EMC (Evidence Market Coin) is the native token of the ecosystem and possesses the following core utilities:

1. Medium of Exchange:

   • The basic settlement currency for purchasing Evidence Box access rights.
   • Paying the exponentially increasing "Delay Premium".
   • The underlying asset locked when publishing Bounty tasks.

2. Privacy Gas & Anonymous Transfer:

   • Combined with the Oasis Sapphire privacy network and EIP-712 standard, EMC can be wrapped into the privacy token EMC.Privacy, enabling fully anonymous on-chain payments and ensuring the whistleblower's fund flow is untraceable.

3. Staking for Security:

   • Bounty publishers must stake a certain amount of EMC to prevent publishing malicious or fake tasks.
   • Node validators (Helpers) must stake tokens to capture liquidation rewards in the network.

4. Governance:

   • Members holding EMC can participate in DAO voting to determine core protocol parameters (e.g., platform transaction cut ratio, delay fee growth curve coefficient, blacklist dispute arbitration, etc.).

For the deployed contract address, please refer to Project Token.

2. Platform Token Flow and Value Capture

All transaction fees generated within the Evidence Market system will be trustlessly distributed through smart contracts:

• Whistleblower (Minter): Obtains the vast majority of core revenue (typically 95% - 97% of the total transaction volume).
• Auxiliary Traders (Helpers): Users who assist in executing on-chain state changes (such as timeout liquidation, auxiliary listing, etc.) will receive an operational incentive of approximately 1% - 2%.
• DAO Treasury: For every successful circulation transaction, a fixed service fee (set at 3% on the testnet) will be charged to the DAO Treasury.
  • Buyback Mechanism: A portion of the treasury funds will be used to buy back and burn EMC on the secondary market, giving the token deflationary properties.
  • Ecosystem Feedback: The remainder is used to replenish the senseless Gas pool for new users and provided to protocol security audit teams.

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3. Token Distribution Structure

💡 Note: The token distribution plan will not be launched for now and will be announced at an appropriate time, but we will provide certain airdrops as rewards to early participants.