FAQ – Frequently Asked Questions
What is the Sallar supply?
The Maximum Supply of Sallar tokens is 12 billion, of which 9.4 billion are initially in the smart contract, making the initial Total Supply 2.6 billion. For the first three years (November 2024 to November 2027), 800 million tokens are locked (600 million Sallar for the core team and 200 million Sallar in the Development Wallet), so the Circulating Supply is 1.8 billion tokens.
Announcment: Link
Since team and development tokens are locked, how will the project secure funding?
While 800 million tokens are locked, they will be utilized to mine tokens across 8 independent accounts, each holding 100 million tokens. These accounts may consist of smaller, linked accounts, but the 800 million will work to stabilize the network and support rewards. Through the staking/reward program, these 8 accounts will collectively mine rewards from the smart contract of 8 devices x 9,152 Sallar approximately every 4 hours, generating about 13 million Sallar monthly.
These tokens will be allocated for the team as well as potential development activities. This does not mean that 13 million tokens will be sold monthly, but rather that they will be added to the Circulating Supply from the rewards pool in the smart contract. We consider this a transparent approach, as these rewards also contribute to the stability of the computing network, with at least 8 high-quality devices required to maintain it. Therefore, the 800 million tokens will remain untouched for the 3 years, and only the mined rewards from the Sallar app will be used.
Sallar Team: Link
How many Sallar tokens do you estimate will enter the Circulating Supply from the rewards smart contract?
Assuming 13 million monthly for the Sallar team (from mining of 800 million Sallar) and estimating an average of 1,000 app users holding between 2–5 million tokens each, this equates to approximately 18 million Sallar monthly, assuming they mine 24/7. It’s reasonable to expect the monthly supply from the smart contract not to exceed 40 million Sallar, totaling about 480 million Sallar annually.
At this rate, mining the entire supply would take around 20 years. However, as the token’s value increases, it will become harder to accumulate large token amounts, and we assume that all 1,000 users will not run the app continuously 24/7. Therefore, we estimate the reward distribution may be lower than stated here.
Smart contract: Link
How does the staking/reward system work?
The staking/reward system operates by rewarding users who share their computing power with the Sallar Network while holding tokens in their subwallet within the Sallar App. The goal of this program is to increase network stability, as we assume that holding tokens and the associated reward increase will encourage users to keep their devices connected to the Sallar Network.
The staking/reward program begins at a threshold of 1 million Sallar held in the Sallar App. In this case, instead of the standard reward of, for example, 20 Sallar, the user receives an additional 23 Sallar for holding 1 million Sallar in the app. The reward grows exponentially, reaching a maximum at 100 million Sallar, with a reward of 20 Sallar + 9,132 Sallar for holding 100 million tokens. The reward applies to only one device per account, so if an account has two devices, one will mine with the boost, while the other will earn the standard reward of, for example, 20 Sallar.
See the reward table: Link
Will the reward of 20 Sallar ever change?
Yes, we may reduce the reward if the price rises, for the security of the project and to avoid increasing supply. The 20 Sallar reward is the maximum and may be decreased depending on Sallar’s price to maintain stability on the exchange. However, any change in the reward will be communicated to our community in advance and opened for discussion, as the reward level affects token holders.
See in the white paper: Link
Has the Sallar smart contract been audited?
Yes, the Sallar smart contract underwent a comprehensive audit by Hacken, a reputable cybersecurity firm, on August 23, 2023. The audit confirmed a maximum supply of 12 billion tokens and detailed the token release mechanism for rewards. The contract received a security score of 9.1 out of 10, reflecting our commitment to security and transparency within the Sallar Network.
What is the team's strategy regarding exchanges and listings?
Our primary goal is to build liquidity on DEX (decentralized exchanges). We believe that a stable project provides the ability for users to easily enter and exit, whether holding small or large token amounts. In the future, we aim to list on CEX (centralized exchanges) but exclusively on Tier 1 exchanges (top 5 exchanges according to CoinMarketCap).
Following the Pareto principle, we know that 80% of trading volume is generated on 20% of exchanges, so we do not intend to list on exchanges outside the top 5 per CMC. Maintaining liquidity on CEX exchanges is always risky for a project because the longevity of any given exchange is uncertain. Therefore, our priority remains with DEX exchanges.
Jup Exchange: Link
Do you plan to lock liquidity on the DEX exchange?
No, we aim to increase liquidity but do not intend to lock it. Sallar is a business project run by an organization registered in Estonia – Astral Holding OU. Our team is listed on the website, and information about them is publicly available.
Our team includes specialists from the fields of cryptocurrency, business, and management, including individuals with academic titles. In our view, locking liquidity creates an illusion of security.
Core Team Members: Link
In dishonest projects, it’s still possible to collapse the project even with locked liquidity, for instance, by selling team tokens and driving the price close to zero. We see open liquidity as an opportunity; for example, during a bear market, we can split the existing pool into two pools – one paired with SOL/ALL and another with USDC/ALL. This way, if Solana’s price drops, the USDC/ALL pool can help absorb the impact. During a bull market, we will hold all liquidity in the SOL/ALL pair.
How is the Sallar network structured?
Our network is primarily composed of higher-performance desktop devices (over 60%), which have the most potential, with a smaller portion consisting of mobile devices. However, our narrative focuses on mobile devices because they allow us to lower the entry barrier to the project and foster community building. Additionally, they are suitable not for training but for fine-tuning AI models.
If we focused solely on desktop devices, it would be challenging to build the community as dynamically, as most miners start with a phone and then move to more powerful devices. We currently have several hundred users, and this base is growing. Despite our mobile-focused narrative, the majority of the network consists of higher-performance devices.
Will Sallar Network be more efficient than 6x A100 for training AI models?
Yes, it will be. Our network consists mostly of high-performance devices, with a smaller portion made up of mobile devices. The power of one A100 in AI model training is approximately equivalent to three RTX 4090s, and after about two weeks from launch, our network’s potential is comparable to 6×3 RTX 4090s. A leaderboard displaying the network’s power will be released in the coming months. Currently, our focus is on miner security, and a major update will be released shortly.
How can smartphone power help in AI computations?
Smartphones can be used for tasks like fine-tuning AI, where a large number of low-power devices can be effective. Fine-tuning improves specific aspects of an AI model – for example, enhancing a speech recognition model to better understand regional accents. This detailing work refines an AI model’s performance. Additionally, higher-performance mobile devices provide computational power, enabling users of models like Llama to run them even on lower-end laptops and smartphones, as Sallar Network can offload computations to more capable smartphones.
How will mining affect smartphone battery life?
Our strategy limits processor usage to 40%, and with our dedicated mobile app, this will eventually reduce to about 25%. This approach minimizes battery drain. The mobile app will optimize processor load, drawing more power only when actively performing tasks and switching to minimal power consumption during idle periods. This is part of our ongoing effort to minimize battery degradation.
Our dedicated mobile app will also allow for more efficient resource usage on smartphones than the web version, enhancing device performance while reducing load. Currently, we are launching through a web app, which requires minimal setup with no installation necessary, while the Android/iOS mobile version is in production.
How can I use Sallar Network resources?
Sallar is designed for web applications that operate on the client side, so it supports ARM and various processor architectures. If you want to create an AI-related application on Sallar, you can leverage libraries like onnxruntime and TensorFlow. We’re continually updating and expanding use cases on our website.
Are you in discussions with companies interested in purchasing computational power?
We are currently engaged in numerous conversations, including with prospective clients. However, we’re focused on handling formalities related to our launch, such as establishing services, adding Sallar to various databases, and addressing counterfeit tokens, which number in the dozens. These administrative tasks will be cleared soon, after which we’ll be able to move forward at a faster pace.
Why does the narrative emphasize smartphones as part of your technical and business model?
A significant part of our narrative is centered around smartphones. Unlike projects like Golem or Render, our story is about collecting resources often overlooked by others. We onboard small power providers using smartphones, which we see as a gateway to acquiring larger resources. This approach has quickly grown a community of hundreds of contributors supplying power to our shared network.
In Sallar Network, smartphones serve as an entry point, allowing anyone to participate as a provider and earn rewards, even if symbolic. This inclusivity shifts the perception of our project, making it accessible to all. Many participants begin with smartphones but later engage more powerful computing resources.
While most of our network consists of higher-performance devices, we plan to introduce units like A100s and H100s in the future. However, our priority is to provide affordable, stable computational power. Unlike AWS or Azure, our model emphasizes cost-effectiveness, especially for AI startups. We’re making a difference by reducing AI project costs.
