How To Get Sprocket Network Tokens (SPRO)

Getting SPRO is straightforward. Just send Sonic tokens to the contract.

1

Send Sonic Tokens to the Sprocket Network Token Contract

Send Sonic direct from your wallet to the contract address and get SPRO tokens back automatically.

The token address is:  


0x26d404c79e4d279b90350320e52313a7cdb34894

View on Sonicscan

  • There's no need to vote the same day you get tokens. (You can vote for as long as you hold the tokens on whatever the reward pool is for that day.) 
  • Send any amount of Sonic, as long as it's more than 0.01. If you send more Sonic than there is SPRO available for the day, the unused portion of your Sonic is returned in the same transaction. The contract figures out how many tokens you will get back based on the current price.
    • Don't forget to add the SPRO token as a custom token in your wallet (18 decimals).
    • Note: If using a crypto wallet like MetaMask you may need to paste the address into the address field twice, as well as click 'I Understand'. In Rabby Wallet, there may be similar warnings when sending value to contracts.

2

The Current Price is Always the Cheapest Price

Since the price of SPRO only increases, the current price is always the best price you can get SPRO tokens at from the contract. Tomorrow's price will either be the same or higher, never less [see the Understanding the Sprocket Mechanism section below].

  • You can check the current price by sending a test transaction of 0.01 Sonic to the token address.
  • You can also call the getCurrentPrice() function directly from the contract using the ABI code, it only updates each day after the first user transaction of that day.
Note: Proceed With An Abundance of Caution

The Sprocket Network protocol is an unproven economic model and should be approached with an abundance of caution. The code and protocol are untested, experimental beta releases and may not work as intended. Assume the monetary value of any cryptocurrency (including SPRO) to be 0. Use at your own risk. No one but you is liable for any lost funds. SPRO is not an investment. Refer to the securities disclaimer below.

How To Vote

Vote by sending SPRO to an address and use "123" for the decimal value.

1

Vote On Other Addresses To Reward Them

To vote for another user so that they can claim a percentage of the daily Sonic reward pool at the end of the period, you send SPRO tokens to their wallet address using a special “vote code”.

  • The user does not get the SPRO you send with the vote code. The contract recognizes the vote code and counts 100% of your SPRO tokens as votes for that user.
  • The address you voted for gets credit for the votes, which increases their share of the daily Sonic reward pool. The more votes they get in relation to others, the bigger their Sonic reward!
  • For example, if you want to vote for them with 50,000 SPRO, you would send 50,000 SPRO and add the 0.123 decimal vote code to your transaction (total 50000.123)
  • After the vote is applied to the address of the user you voted on, 91% of the tokens are burned and 9% go to the Sprocket Network treasury. [See the Token Supply section below.]
  • Notes:
    • You cannot vote for your own Sonic address.
    • There is a minimum vote amount of 1 SPRO token.

How To Claim Rewards

Claim any rewards due by sending exactly 0.888 Sonic to the SPRO contract address the day after you've received at least 1 vote. Note that periods begin each day at ~12:00 AM UTC time.

1

Claim Your Share of the Daily Sonic Reward Pool

If you were voted on during a period, you can send a claim during the next period to receive back any rewards due.

  • Your address needed to have been voted on with at least 1 SPRO token the previous day to be eligible for Sonic rewards.
  • Send exactly 0.888 Sonic to the contract to claim any rewards due. (You'll get this back in the same transaction.)
  • If your address has any Sonic rewards they will be sent in the same transaction. (Sometimes it takes a few seconds to show on Sonicscan after the transaction has been confirmed.)

2

Your Share

Your Sonic rewards from the period’s pool depend on how many votes you receive compared to the total votes cast that day

  • For example, if you get 12% of the period's total votes, you’ll earn 12% of the period's Sonic reward pool.
  • 100% of Sonic sent to the contract for SPRO token purchases go to the Sonic reward pool.

3

Unclaimed Rewards Are Rolled Over

You have about 23 hours and 59 minutes to claim after the end of the last period to claim any rewards due. Any unclaimed Sonic after that will be released back into a subsequent reward pool for others to claim

SPRO Token Supply and Periods

1. Token Supply

  • All unsold tokens from the previous day’s emission are burned when a transaction processes the period (after the period ends).. 
  • Suppose 189 million SPRO tokens are minted on a particular day and 65% are sold at 0.034 Sonic each. Of the sold tokens, 75% are kept by buyers, and 25% are used to vote for others. Here’s what happens to the tokens::
    • About 49.8% of the tokens minted that day are burned, meaning they’re destroyed. This includes 35% that weren’t sold plus 91% of the tokens used for voting.
    • Around 48.8% of the tokens minted are held, meaning buyers keep them as their own.
    • Roughly 1.46% go to the Sprocket Network treasury, from 9% of the voting tokens after they’re used to calculate rewards.
  • The genesis emission is 28.8 billion tokens minted at 0.0001 Sonic each, on May 8, 2025.
  • The daily supply adjusts based on the prior day's sales:
    • If sales exceed 50% of the daily supply, the next day's supply increases proportionally.
      • There is a total supply cap of 256 trillion tokens.
    • If sales fall below 50%, supply decreases (and price remains the same—see below).
      • There is a minimum daily emission of 2,888,000 tokens.

2. Periods

  • The contract operates in 1-day periods. Each day there is a reward pool funded by Sprocket Network supporters who have obtained SPRO tokens. Periods begin each day at ~12:00:40 AM UTC time.
  • During the first transaction after the end of the period, the contract processes the previous period(s) and burns/mints tokens, updates pricing as needed, and updates its state.
  • 100% of unclaimed rewards from previous periods roll over to a subsequent period.
  • Although periods are based on blockchain timestamps, each day is scheduled for 12:00 AM UTC time (more or less).

During the First Week.. 

1. Emergency Functionality

  • From genesis (May 8, 2025) for ~24 hours the contract owner has the ability to recall stuck funds in the contract. This would be used as a revert function if a critical error occurs that causes normal transactions to fail. However, once the contract is revoked [see #2, below] this operation will no longer be possible.
  • If such an error does occur, the error would be identified and an updated contract will be issued. Then:
    • 100% of funds extracted from the previous contract would be sent to the new contract to obtain tokens at the genesis price on behalf of holders.
    • Holders of the previous contract's tokens would then receive the new contract's tokens on a 1:1 basis. 
    • 100% of extracted funds would then be in the new contract's reward pool for everyone.

2. Revoking Ownership

  • On ~May 9, 2025, ownership of the contract will be revoked. The contract would, thereafter, be completely decentralized, without anyone being able to manage it.

Understanding the Sprocket Network Mechanism 

Each day, the SPRO contract either increases the price and emission OR keeps the price the same while decreasing the emission, according to the previous day's demand. It then burns 100% of all unsold SPRO tokens at the end of each day.

  • If the amount sold exceeds 50% of the day’s emission, the next day’s emission and token price will both increase proportionally to the excess percentage (with a daily maximum of 150%). For example:
    • If all of the day’s emission is sold, the next day’s emission and price both increase by 50% (the maximum daily increase).
    • If 67% of the day’s emission is sold, the remaining 33% is burned, and the next day’s emission and price both increase by 17% (67-50%).
  • If the amount sold is less than 50% of the day's emission, the next day's emission decreases but the price stays the same. For example:
    • If 42% of the day’s emission is sold, 58% is burned, and the next day’s emission drops by 8% (50-42%).
    • If 15% of the day’s emission is sold, 85% is burned, and the next day’s emission drops by 35% (50-15%). 

Why Does The Price of SPRO Only Increase?

The SPRO token is designed to incentivize active participation rather than passive investment. Its purpose is to gamify user behavior by rewarding actions that align with the goals of the Sprocket Network ecosystem, fostering deep engagement and a sense of personal investment in the platform’s mission. Unlike traditional tokens, SPRO avoids price volatility caused by secondary markets, focusing instead on creating a reward system whose value grows over time through usage demand.

The token serves as a utility within the Sprocket Network ecosystem, discouraging speculative trading and, instead, focuses on producers helping to maintain demand by improving output quality, increasing efficiency, innovating, and enhancing marketing efforts. A built-in daily supply burn mechanism ensures value retention without external selling pressure, keeping the token tied solely to its utility and avoiding speculative bubbles or crashes. By prioritizing the platform's goals over speculators, SPRO reinforces its role as a sustainable incentive for participants contributing to Sprocket Network's success.

Sprocket Network is a decentralized microeconomy where your
insights and contributions can unlock meaningful rewards

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