Economic Model
Token economics and fee structure
SEL token powers Selendra. Designed for Cambodia affordability.
Token Utility
- Fees: Contract deployment, execution, transfers
- Staking: Validators/nominators earn rewards
- Governance: Voting power based on locked tokens
Fee Structure
- EVM transfer (21,000 gas at the 0.1 gwei base fee floor): 0.0000021 SEL
- 80% of each fee burned, 20% to the block author
- No runtime component publishes a SEL price, so fees are quoted in SEL only
Staking Rewards
| Role | APR |
|---|---|
| Validators | ~15% |
| Nominators | ~12-13% |
Rewards paid in SEL every era. Compound by restaking.
Token Supply
- Mainnet total issuance: 233,567,895 SEL (
balances.totalIssuance) - Team reserve: 12%
- Holders: ~33K from 2021 distribution
Plan: Burn 100M, allocate 10% for liquidity, remainder for ecosystem.
Fee Adjustment
Governance can modify fee parameters. Goal: maintain Cambodia affordability.
Cost Analysis
Monthly cost of plain EVM transfers at the base fee floor.
| Usage | Monthly Cost |
|---|---|
| Daily user (300 tx) | 0.00063 SEL |
| Small business (1K tx) | 0.0021 SEL |
| Enterprise (100K tx) | 0.21 SEL |
Contract calls cost more, in proportion to gas used.
Economic Security
- Higher token value = more expensive to attack
- Minimum validator bond (25,000 SEL) prevents spam validators
- Transaction volume growth funds validator rewards