Strengthening Our Ecosystem: $SNSY Token Updates, Circulating Supply Alignment & Exciting New Features

Hello, Sensay community! Dan Thomson here, CEO of Sensay, with an in-depth update on our ever-evolving $SNSY token ecosystem. The last couple of months have been a whirlwind of progress, partnerships, and innovations across the Sensay platform. We’ve seen remarkable growth in trading volumes, new platform developments, and an exciting roadmap for the next year.

I want to use this blog post to share a comprehensive status update about $SNSY token developments, highlight the upcoming $KOLZ airdrop for our loyal community, provide further details regarding the newly aligned circulating supply metrics, and reveal plans for staking to bootstrap total value locked (TVL). There’s a lot to cover, so let’s get started.

A Look Back: Tokenomics Recap

Before we dive into the newest announcements, let’s take a moment to review $SNSY tokenomics and distribution. This context helps illustrate where we are now and what these new updates mean for the future.

Our $SNSY token was designed with the mission of propelling the Sensay platform’s growth and sustainability. The token launched in Q1 2024 through a fair public sale on Ethereum, Arbitrum, and Base networks, with the initial public sale price set at $0.001 per token. We prioritized fairness, meaning there were no private or pre-sales. This approach aimed to democratize access and distribute tokens broadly. Our token allocation, which I’ll briefly outline below, further clarifies how tokens have been dedicated to various arms of the project:

• Public Sale: 20% (2,000,000,000 tokens). Distributed with a 20% unlock on TGE (Token Generation Event) and 20% monthly for four months.
• Platform Development: 15% (1,500,000,000 tokens). For ongoing enhancements, vested monthly over 48 months.
• Team & Advisors: 10% (1,000,000,000 tokens). Six-month cliff and four-year vesting. 5% (50,000,000 tokens) was distributed at public sale.
• Future Team: 10% (1,000,000,000 tokens). Reserved for future employees and advisors, vested over four years.
• Community Incentives: 10% (1,000,000,000 tokens). For user engagement and staking rewards to foster loyalty.
• Partnerships & Collaborations: 5% (500,000,000 tokens). For strategic partnerships, vested monthly over 48 months.
• Marketing: 10% (1,000,000,000 tokens). Dedicated to marketing and promotional activities, including social-to-earn and learn-to-earn initiatives.
• Exchange Listings: 5% (500,000,000 tokens). Ensuring liquidity and accessibility across various exchanges, vested monthly over 48 months.
• Reserve Fund: 15% (1,500,000,000 tokens). A contingency fund for strategic initiatives and unforeseen expenses, vested monthly over 48 months.

These allocations ensure that each branch of the Sensay ecosystem has the resources it needs to flourish. Thanks to this structure, we’re able to support platform development, community incentives, and marketing in tandem while maintaining a deflationary supply model that includes the possibility of burning tokens. We have a fixed cap of 10,000,000,000 $SNSY, ensuring no inflationary pressure beyond the vesting schedules already in place.

New All Time High!

The most exciting part of the last few weeks was that we shot past our previous ATH of $0.008, which we hadn’t seen since our launch via Fjord Foundry Liquidity Bootstrapping Pool. The token stormed to a new All Time High of $0.01203 according to CoinGecko.

There has been a correction in the price since then, which is perfectly normal growth behaviour, especially in the fast-paced crypto markets. We hope that the markets continue to value the great work the team have been putting in recently, and we can reward the community with even higher highs very soon.

Volumes On the Rise

One of the most exciting metrics we track is trading volume. Over the past two months, volumes have increased substantially. This is partly due to increased marketing activities, more liquidity pools established by community members, and the overall market sentiment around Sensay’s long-term vision. Our presence on decentralized exchanges, including Uniswap and SushiSwap, combined with our listing on MEXC, continues to capture interest.

This volume growth doesn’t happen in a vacuum. It’s influenced by continuous improvements to the Sensay platform, including the expansion of our digital replication services, the bridging of $SNSY across multiple blockchains using the LayerZero OFT standard, and the ongoing engagement of our community. For everyone holding, staking, or trading $SNSY, we appreciate your ongoing support and belief in what we’re building.

New Payment Option: Pay with $SNSY

One of the most frequently requested features from our community has been a direct way to use $SNSY for various goods and services on the Sensay platform. I’m thrilled to announce that we will soon introduce an option to pay with $SNSY across select areas of the platform. You’ll be able to use $SNSY tokens to purchase subscriptions, access premium features, and other digital services within Sensay.

We understand that utility is a key driver of long-term token value, and giving $SNSY a robust function within the Sensay ecosystem helps close the feedback loop between platform growth and token stability. This integration has been in the works for some time, and the team has been working diligently behind the scenes to ensure a seamless user experience. Expect an official launch date to be announced in the coming weeks.

Circulating Supply Alignment

In recent months, some confusion has arisen among community members who track circulating supply metrics across different dashboard providers. Discrepancies are not uncommon when tokens have staggered vesting schedules or strategic unlock events. However, we recognize how critical clarity is for all stakeholders. That’s why we’re making a major effort to align the visible circulating supply numbers across all major dashboards and analytics sites.

Following consultations with our auditors and data providers, we’re implementing a consistent approach to reflect the 46% circulating supply figure. This updated percentage is the result of planned unlocks, increased liquidity, and ramped-up marketing activities. By aligning all tracking websites to this 46% figure, we’re striving to keep investors, partners, and community members on the same page regarding the actual circulating supply.

This improved accuracy is especially important given the varied uses of $SNSY. Some tokens remain locked for future team members, strategic partnerships, exchange listing liquidity, or are set aside in the Reserve Fund. Others have begun to enter circulation through monthly vesting events and marketing/community programs. We believe that standardizing this data fosters better decision-making and promotes further trust in $SNSY’s tokenomics.

The increase is nothing to be concerned about, simply an update to reflect accurate figures and recent activity. It also reduces the risk for new token buyers from possible token dilution and dumps. All funds are safe. The update is purely on tracking metrics, and strengthening the foundation for Sensay to grow. 

Treasury $SNSY Tokens Locked to Bootstrap TVL

We’re also excited to announce that in the coming weeks, a portion of treasury $SNSY tokens will be locked into our staking platform to bootstrap total value locked (TVL). Staking is essential for both our community and the broader ecosystem, as it provides additional liquidity, stability, and security for the network. By committing treasury tokens, we send a strong signal of confidence in Sensay’s long-term growth.

It also creates a more attractive incentive environment for new and existing stakers. More liquidity in the staking pool means users are likely to enjoy smoother, more efficient reward distributions. This move will also help expand staking yields and reduce volatility in the short term. It’s just one step, but an important one in fortifying the economic and security pillars of the Sensay platform.

Mark Your Calendars: $KOLZ Airdrop for $SNSY Stakers

We are proud to unveil an airdrop that rewards our community’s loyalty—especially those actively contributing to network security through staking. Starting on Christmas Eve, December 24, 2024 at 12pm UTC, $KOLZ tokens will be airdropped to $SNSY stakers. If you’ve been supporting the network by locking up your $SNSY, you’ll soon be eligible to claim $KOLZ tokens directly from vesting.kolz.chat.

Some $SNSY stakers have won up to $2,500 USD in KOLZ tokens!

This airdrop ties into our broader ecosystem philosophy of cross-collaboration and synergy. $KOLZ is an exciting partner token, and by airdropping it to the $SNSY staker community, we’re fostering an environment of mutual reward and integrated utility. It’s a way of saying “thank you” to our long-term supporters, while also building bridges between different factions of the crypto space. 

$KOLZ tokens are vested with a 30-day unlock and must be claimed on Base Network. Some Ethereum on Base will be required to claim. 

This initiative will also highlight how we plan to expand partnerships in the future. We’re working behind the scenes on more cross-community reward programs that benefit engaged stakers and holders. Keep an eye on our social channels and official announcements for details on how to claim, how much you might receive, and further insights on the $KOLZ project.

Roadmap Overview

The Sensay roadmap for the next year is brimming with milestones and enhancements. To give everyone a clear perspective of what lies ahead, here’s a quick overview of our key focuses for 2025 and beyond:

1. Multi-Chain Deployment & Bridges:
   Since $SNSY is an Omnichain Fungible Token (OFT) thanks to LayerZero, we’re actively exploring expansions to additional EVM-compatible chains. Arbitrum and Base are just the start; our multi-chain future ensures that no user is left behind, regardless of their preferred blockchain network.
2. Platform Upgrades & Subscriptions:
   The introduction of paying with $SNSY will be accompanied by an overhaul of our subscription model. More flexible, tiered membership plans are in the works, each unlocking exclusive features or higher usage tiers within the Sensay platform.
3. Staking & Liquidity Incentives:
   We plan to continue refining our staking system, not only by locking treasury tokens but also by introducing new staking incentives. For instance, some partnerships will supply additional staking rewards or cross-staking features that make it easier to earn multiple tokens simultaneously.
4. Community Engagement & Marketing:
   With 10% of the total supply allocated for marketing and 10% for community incentives, we’ll keep pushing forward with innovative campaigns. Expect expansions of our social-to-earn events and further improvements to our Learn-to-Earn initiative. Our quest platform at sensay.io/quests will continue to add daily quests and monthly campaigns to earn more $SNSY. Soon this will be further integrated into our replicas to reward users for creating highly engaging replicas.
5. Telegram App Coming Soon:
   We’ll be introducing a new Telegram App to engage the community directly from Telegram. Interact with replicas, earn $SNSY and more!
6. Strategic Unlocks & Reserve Fund Deployment:
   Over the coming years, tokens will be unlocked for platform development, marketing, and community incentives. The Reserve Fund remains locked except for strategic initiatives. These carefully managed unlocks ensure we can consistently fund growth without flooding the market.

Circulating Supply Milestones

Our tokenomics blueprint has detailed milestones from 2024 through 2028. Here’s an update of these major stepping stones:

• April 2024 TGE: 500 million tokens unlocked from the public sale, plus 700 million tokens provided for liquidity and incentives.
• August 2024: Public sale vesting completed; about 3.2 billion tokens in circulation.
• April 2025: 5 billion tokens in circulation (some team, staking, and marketing unlocks).
• April 2026: 7 billion tokens in circulation, reflecting tokens locked into liquidity, burned, distributed, or earned.
• April 2027: 8.5 billion tokens in circulation.
• April 2028: 10 billion tokens in circulation, with some portion of the Reserve Fund and other allocations remaining locked for future contingencies.

These schedules ensure predictability for both short- and long-term holders. The newly harmonized 46% circulating supply figure references the tokens that are effectively in the market or unlocked for usage as of today, aligning with ongoing vesting events and distribution.

Why These Updates Matter

Maintaining open communication on $SNSY token matters is important for us. We designed these updates to provide complete visibility into the rationale behind circulating supply metrics, planned treasury usage, and upcoming features that introduce new utility for $SNSY.

1. Greater Utility: The new pay-with-$SNSY option underscores our commitment to making $SNSY a truly functional currency within our ecosystem. As usage grows, so too does the token’s relevance and stability.
2. Enhanced Transparency: Aligning all dashboards to the 46% circulating supply figure removes confusion and speculation. We value accuracy so that holders can make informed decisions.
3. Ecosystem Expansion: Locking treasury tokens to bootstrap staking liquidity is more than an economic move. It communicates to our community and potential partners that we’re in this for the long run. Robust staking systems often indicate a healthy network that can handle additional features like cross-chain bridges and governance.
4. Staker Rewards: With the $KOLZ airdrop, we’re providing tangible benefits to our active stakers. These sorts of initiatives incentivize ongoing contributions to network security and strengthen the entire ecosystem’s foundation.
5. Long-Term Vision: Everything from the multi-chain architecture to carefully planned unlock schedules points to a sustainable future. We’re focused on building a platform and token economy that endures, rather than chasing short-term hype.

Looking Ahead

Looking at the remainder of 2024 and beyond, I’m confident that the Sensay ecosystem is poised for sustained growth. From forging new partnerships to launching essential updates for the platform, our objective remains the same: to deliver a cutting-edge digital replication service that merges technological innovation with the power of decentralized finance.

And while we’re highly optimistic about these future prospects, the driving force behind Sensay’s success remains our wonderful community. The robust feedback and continuous support we receive from our token holders, stakers, and platform users help guide our strategic decisions. It’s a group effort. We welcome your thoughts on everything we’ve discussed today and invite you to take part in shaping the next chapter of Sensay.

How You Can Stay Involved

1. Stake Your $SNSY: If you haven’t staked your $SNSY yet, now’s a great time. Not only will you potentially qualify for the $KOLZ airdrop, but you can also earn staking rewards and take an active role in network security. Go to app.snsy.ai to stake now.
2. Join Our Community Channels: Engage with us on Telegram, Discord, Twitter (X), or other social media to stay up to date on announcements. Your feedback is valuable for refining ongoing development and upcoming features.
3. Spread the Word: With marketing efforts ramping up, we encourage our community to share Sensay news with friends, family, and social networks. This grassroots marketing approach is vital in generating broader awareness and adoption of $SNSY.
4. Participate in Quests: We regularly update our quests page with the latest requirements of the Sensay team, enabling the community to help us grow and improve our project. Quests can be found at sensay.io/quests
5. Prepare for New Platform Features: Once the pay-with-$SNSY feature goes live, test it out and let us know what you think. Community feedback helps us refine user experience and roll out improvements that cater to your needs.

Final Thoughts

To everyone who has supported the Sensay journey so far, thank you. The leaps in trading volume, new platform integrations, and staking expansions are testaments to our joint effort in building something truly valuable. By pushing forward with transparency, utility, and community-centric initiatives, we believe $SNSY will remain a cornerstone of the Sensay ecosystem for years to come.

I look forward to celebrating the upcoming holidays with all of you, and don’t forget to mark December 24, 2024 on your calendars for that exciting $KOLZ airdrop. Let’s keep the momentum going!

Stay tuned for more updates, and, as always, feel free to reach out if you have any questions or suggestions. The Sensay platform is here for you—powered by the community, for the community. Onward and upward!

— Dan Thomson, CEO of Sensay