Question 1

What is SatoshiVM?

Accepted Answer

SatoshiVM represents a pioneering Bitcoin ZK Rollup Layer 2 solution that aims to seamlessly interface with the Ethereum Virtual Machine (EVM) ecosystem while leveraging native BTC for gas. As such, it unites the robust value anchor of Bitcoin with the extensive programmability of EVM intending to mark a new era of possibilities within this integrated ecosystem.

Question 2

What is SAVM?

Accepted Answer

$SAVM serves as the native token of SatoshiVM. It plays a pivotal role in governing the project's ecosystem, incentivizing participation, and facilitating various operational aspects, including transaction fees and rewards.

Question 3

What is the primary purpose of SAVM?

Accepted Answer

The SAVM token is primarily designed to drive community development within SatoshiVM by offering a means for governance, staking, and securing participation incentives. This purpose is aligned with the project's community-driven ethos.

Question 4

What are the SAVM’s main use cases?

Accepted Answer

SAVM's principal applications encompass governance voting, staking for rewards, incentivizing early participants, granting ecosystem priority, rewarding liquidity providers, and bolstering the security model through contributions to the Prover and Verifier modules.

Question 5

How is the value of SAVM determined?

Accepted Answer

The value of SAVM is influenced by its demand within the SatoshiVM ecosystem, the utility and incentives it provides, the volume of transactions it supports, and broader market conditions affecting supply and demand.

The token’s total supply plays an important role in this. It follows Bitcoin’s example and is as such capped at 21,000,000. However, until it reaches that number, the token’s smart contract deploys the mintable function, increasing the circulating supply over time.

Question 6

What does the token distribution for SAVM look like?

Accepted Answer

At the time of IDO, which took place in January 2024 and offered the SAVM token at $0.05, the allocation of the assets total supply of 21 million tokens was the following: 11.52% for public sale, 36.5% for the ecosystem, 20% for the Uniswap liquidity, 15% for contributors, 10% for additional liquidity, and 10% for bootstrapping, and 8.5% for other purposes.

To explore the live distribution of SAVM by wallet address, make sure to check out the "Supply Distribution" section on this page.

Question 7

What are the vesting schedules for SAVM?

Accepted Answer

SAVM features distinct vesting schedules, including a linear ecosystem vesting, initial and deferred liquidity allocations, a cliff followed by a gradual vesting for contributors, and immediate unlocking for IDO participants that varies depending on the allocation.

For instance, the ecosystem allocation has a 1-month cliff, then 5% monthly unlocks for 20 months. The contributors allocation has a 6-month cliff, then 2.7% monthly unlocks for 3 years. The bootstrapping allocation has a 50% lockage with a 3-month cliff, followed by 3.85% monthly unlocks for 1 year.

Question 8

What technological innovations does SAVM bring to its ecosystem?

Accepted Answer

SAVM supports SatoshiVM’s innovative features, such as secure Layer 2 transactions on Bitcoin, Taproot integration for complex function executions, off-chain zero-knowledge proofs for efficiency, and mechanisms to prevent sequencer transaction reordering.

Question 9

What makes SAVM different from other cryptocurrencies?

Accepted Answer

SAVM distinguishes itself through its unique integration with both Bitcoin and EVM ecosystems, supporting innovative Layer 2 solutions on Bitcoin, leveraging zero-knowledge proofs, and promoting a community-driven development approach.

Question 10

Where can I find the latest news and updates about SAVM?

Accepted Answer

Regarding the token’s price and live on-chain metrics, there’s no better place than this page. But if you are interested in the project’s progress, latest partnerships, new potential token utilities, etc., check out the project’s official website, social media channels (like X (former Twitter) or Telegram), and other official outlets. You can find links to these sites in the “SatoshiVM Links” section on this page.

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