Sidra Chain: SDA Digital Asset Tokenomics

Bittime - Sidra Chain introduces an innovative tokenomics framework to support the launch of new projects in the SidraStart ecosystem. 

With a focus on the use of Sidra Digital Assets (SDA), equity distribution, and contribution guidelines, the platform aims to create a transparent and inclusive ecosystem. The following is a complete explanation of tokenomics Sidra Chain.

Understanding Sidra Chain Tokenomics

Internal Use of Natural Resources

Sidra Digital Assets (SDA) is specifically designed for internal transactions within the SidraStart ecosystem. All contributions to registered projects must use SDA, ensuring a secure and efficient transaction process.

Project Contribution and Token Listing

Once a project is successfully launched on the SidraStart platform, contributors can start investing using SDA. 

Next, the project token will be listed on DEX (Decentralized Exchange) Sidra, provides liquidity and trading opportunities for participants.

Read too Sidra Chain: Sharia Blockchain for Decentralized Finance

KYC Process and SDA Contribution

Mandatory KYC Verification

Only wallets have been verified through the process Know Your Customer (KYC) which qualifies for a 16.5% equity share of the project. External wallets that are not linked to a user profile on SidraStart will not be counted in the equity distribution.

Project Launch Timeframe

Each project has a launch period of 60 days. Within this time, users can join and make their contributions. This time period is designed to provide opportunities for promotion of the project while supporting the initial stages of its development.

Equity Distribution and Contributor Roles

Examples of Global Contributions
Sidra Chain appreciates contributions from various countries and expertise. For example:

- Indonesia: Accountants who assist with financial compliance.

- India: Programmers who develop software integrations.

- Italy: Legal experts who ensure international legal compliance.

- Nigeria: Marketing specialist focused on user acquisition.

Contributions from these various fields enrich the project's global appeal while increasing its operational efficiency.

Guide to Successful Contribution to Sidra Chain

To maximize the chances of success, participants should follow the following guidelines:

Invest in SDA: Choose projects that match your interests and skills to make a meaningful contribution.

Comply with KYC: Make sure your account and wallet are verified to be eligible for equity distribution.

Active Participation: Actively engage during the 60-day launch period to increase your impact on project success.

Future Vision: Supporting Startups Until 2030

Sidra Chain has an ambitious vision to support more than 10,000 startups by 2030. Winning projects from the hackathon will get priority to be featured on the Sidra DEX, providing greater exposure to investors.

Hackathon Winner Criteria:

A profitable business model that complies with halal principles.

A team consisting of cross-country members to support diversity.

Startups that provide services to other ecosystems will be given priority.

Vital Records

Guidelines and policies within the Sidra Chain ecosystem may change based on community feedback and operational experience. 

With this adaptive approach, Sidra Chain is committed to continuing to support the growth and success of every project on its platform. For more information, visit their official site at SidraStart.com.

FAQ about Sidra Chain and SDA Tokenomics

What is Sidra Chain and Sidra Digital Assets (SDA)?

Sidra Chain is a decentralized financial ecosystem that supports the launch of startup projects using Sidra Digital Assets (SDA). SDA is designed for internal transactions within the SidraStart platform, ensuring a secure and efficient process for all contributions.

How to contribute to projects on Sidra Chain?

To contribute, users need to register on SidraStart and complete the KYC verification process. Once verified, users can use SDA to invest in listed projects during the 60-day launch period. Make sure to be actively involved and choose projects that match your interests.

What are the criteria for projects to be supported by Sidra Chain?

Projects supported by Sidra Chain must have a profitable business model and comply with halal principles. Additionally, projects with cross-border teams and those offering services to other startups will get greater priority in funding and exposure on DEX Sidra.

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Reference

Maljefairi, SidraStart Tokenomics and Project Launch Framework, Accessed March 10, 2025

Author: IN