SECOND Token
History
SECOND was launched as a social experiment to investigate time as a currency. Its initial version, with the ticker SECONDS, has now transitioned to SECOND, featuring a new contract and enhanced tokenomics. A bug in the original system allowed users to mint excessive tokens by transferring them to new wallets. This issue has been resolved in the updated contract with a refundable fee to deter Sybil attacks.
Contract Address
TBA
Tokenomics
| Item | Details | Percentage | Token Amount |
|---|---|---|---|
| Users | ~10k Users bought from market | ~71% | 54,000,000 |
| Liquidity | Added 2% of supply in 3 stages | 6% | 4,260,000 |
| NFTs Collections | This supply locked forever. | ~23% | 16,330,000 |
| Total | Total Supply at Launch | 100% | 71,000,000 |
Liquidity
Liquidity will be added in 3 stages. Each stage will add 2% of total supply as liquidity against 30,000 USDC.
| Stage | Date | SECOND Amount | USDC Amount | Price (USDC) |
|---|---|---|---|---|
| Stage 1 | TBA | 1,420,000 | 30,000 | 0.0211 |
| Stage 2 | TBA | 1,420,000 | 30,000 | 0.0211 |
| Stage 3 | TBA | 1,420,000 | 30,000 | 0.0211 |
Liquidity Mining
To attract significant buyers, substantial liquidity is essential, so we’re introducing liquidity mining. To ensure a mutually beneficial scenario for Liquidity Providers (LPs), traders, and SECOND token holders, we’re launching a fee-based liquidity mining program with the following structure:
- LPs are required to provide liquidity to the USDC-SECOND pool on Uniswap V4.
- The fee tier must be 1% or lower.
- The tick range must cover the full spectrum.
Rewards, paid in SECOND tokens, are directly proportional to the fees generated by the LP’s contribution in the pool. These rewards are further boosted based on the duration of the liquidity lock. This system is carefully designed to minimize impermanent loss for LPs. If successful, we plan to extend this model as a public utility for other tokens. LPs can withdraw both the fees (in USDC and SECOND) and rewards at any time.
There are 4 plans for liquidity mining. This is subject to change based on community feedback.
| Plan | Lock Duration | Boost | Reward % of Fees |
|---|---|---|---|
| Plan A | No Lock | 1x | 100% |
| Plan B | 1 Month | 2x | 200% |
| Plan C | 2 Months | 3x | 300% |
| Plan D | 3 Months | 4x | 400% |
Supply Growth
Despite the high emission rate of 86,000 tokens daily, or 31.5 million annually, the supply growth of SECOND remains minimal. Unlike other projects where tokens are allocated to the team or developers, SECOND’s tokens are distributed to users through a competitive yet cooperative process.
For comparison, DEGEN, with an initial supply of approximately 20 billion, struggles to maintain a price of even one cent. In contrast, SECOND would take 634 years to reach a 20 billion token supply, and about 7 years to reach 300 million. By then, we anticipate a robust ecosystem with significant demand for the token.
Governance
The core protocol operates without governance, featuring fixed and unchangeable rules. However, this doesn’t prevent it from adapting to emerging trends. Through Proxy Mining, the rules are adjustable, and in the near future, they will transition to a governance-based system.