THE DUAL TOKEN MODEL
Spins Network uses two interconnected ERC-20 tokens on Polygon to align incentives across the ecosystem. $NETWORK powers community governance and long-term value accrual, while $SPINS drives day-to-day coordination activity.
TWO TOKENS, ONE ECOSYSTEM
$NETWORK
Governance TokenThe backbone of Spins Network. $NETWORK holders shape community governance, vote on proposals, and earn staking rewards. Designed for long-term alignment with protocol success.
Use Cases
- Governance voting
Shape protocol direction and parameters
- Staking rewards
Earn yield by securing the network
- Fee discounts
Reduced transaction costs for holders
- Artist verification
Stake to become a verified artist
$SPINS
Utility TokenThe fuel for coordination. $SPINS is earned through active participation—streaming on coordinated campaigns, maintaining streaks, and contributing to network sync. Spend it to access premium features.
Use Cases
- Coordination rewards
Earned by active coordinators
- Campaign participation
Required to join artist campaigns
- Streak multipliers
Boost rewards with consecutive activity
- Leaderboard access
Compete for top coordinator spots
HOW VALUE FLOWS
A circular economy where coordination activity generates value that flows back to participants.
Coordinators Participate
Listeners connect platforms, join campaigns, and send coordination signals indicating where they'll stream.
Streams Generate Revenue
Coordinated streams on higher-paying platforms generate more royalty revenue per play.
Revenue Splits
A portion of increased revenue flows to the protocol treasury, funding rewards and development.
$SPINS Distributed
Active coordinators earn $SPINS based on their contribution to network sync and campaign success.
Burn on Usage
$SPINS is burned when spent on premium features, creating deflationary pressure as usage grows.
Value Accrues to $NETWORK
Protocol success drives $NETWORK value, rewarding long-term holders and governance participants.
DESIGNED FOR SUSTAINABILITY
Vested Distribution
Team and investor tokens vest over 4 years with a 1-year cliff, ensuring long-term alignment.
Burn Mechanism
$SPINS burned on feature usage creates deflationary pressure as the network grows.
Dynamic Emissions
$SPINS emission rate adjusts based on network activity and coordination metrics.
Community Treasury
20% of $NETWORK allocated to community grants, ecosystem development, and rewards.
Staking Rewards
Stake $NETWORK to earn yield from protocol fees and participate in community governance.
Fee Capture
Protocol fees from coordination activities flow to stakers and the treasury.
$NETWORK DISTRIBUTION
KEY HIGHLIGHTS
No pre-mine. All tokens subject to vesting schedules.
35% to community. Largest allocation for users and ecosystem growth.
4-year vesting. Team tokens unlock gradually with 1-year cliff.
Treasury governed. Community votes on treasury allocation.
READY TO EARN?
Join the network now. When tokens launch, early coordinators will be first in line.