6. Tokenomics
SpaceAgri issues the native governance token $SPAG, with a fixed total supply of 1 billion tokens and no future inflation. The core functions of $SPAG are:
Governance credential: Serves as the governance token for the SpaceAgri DAO, enabling decentralized decision-making.
Value capture instrument: Facilitates the flow of returns from real-world agricultural assets such as space seeds and farms back to token holders.
Incentive mechanism: Encourages global participation in data contribution, research experiments, and agricultural production.
The issuance logic of $SPAG follows three guiding principles: community-first, long-term release, and value anchoring, ensuring the sustainability and anti-inflationary nature of the token economy.
6.1 Token Distribution
The overall allocation is heavily community-oriented, establishing a decentralized co-governance ethos from the outset. Specific allocation details are as follows:
Community – 37.1%
Allocated to cloud mining rewards, computing power subsidies, liquidity pool creation, airdrops, and community ecosystem development, aiming to incentivize user participation, sustain network activity, and drive long-term ecosystem growth.
Mining – 30%
Gradually released through RWA mining in the PoD consensus mechanism of the distributed home grow pods and the space smart farm. Designed to reward real users for their continuous contribution of computing power, data, and governance participation, fostering a “build, govern, and share together” ecosystem.
Investor – 14%
Allocated for strategic financing to support early infrastructure development and global expansion. Subject to a 6-month lockup period followed by 3 years of linear vesting, mitigating short-term sell pressure and ensuring long-term alignment between capital and the ecosystem.
Team – 10.5%
Deeply aligned with core development and operations teams to drive ongoing platform iteration. Subject to a 12-month lockup period followed by 4 years of linear vesting, ensuring long-term commitment and alignment with community interests.
Foundation – 8.4%
Held by the SpaceAgri Foundation, dedicated to long-term cutting-edge projects in space breeding, vertical farming, and agricultural AI research, creating mutual reinforcement between scientific research and industry applications.
6.2 Token Vesting & Release Mechanism
The $SPAG release cycle spans 10 years, following a dynamic vesting curve designed to balance deflation control and sustainable community incentives. The overall release logic includes:
Decreasing Release
Token emissions gradually decline over time, ensuring controlled supply growth and long-term stability. The release rate may be adjusted by the DAO in response to ecosystem development and market dynamics, maintaining a sustainable and balanced token economy.
Mining-Driven Issuance
The community incentive portion is closely tied to real agricultural output and data contributions, ensuring that token issuance is directly aligned with value creation.
Long-Term Lockup & Vesting
Institutional and team allocations are subject to strict lockups and linear vesting schedules, ensuring gradual accumulation of ecosystem value while preventing short-term speculation.
The overall $SPAG issuance mechanism consists of three main components: linear release, staking mining, and node mining.
Non-Community Incentives
Allocations outside of community incentives are released via a fixed-term lockup + linear vesting model, ensuring gradual and predictable distribution.
Community Incentives
The community portion is distributed through RWA Smart Farm staking mining and Distributed Home Grow Pod node mining, aligning token rewards with real agricultural contributions and ecosystem participation.
6.3 Token Utility
The $SPAG token serves multiple essential functions within the SpaceAgri ecosystem, acting both as a core participation credential and as a medium for value circulation and governance.
Node Proof & Participation
$SPAG represents the identity and rights of participants across the full agricultural value chain. Token holders act as ecosystem nodes, contributing to project development and operations, co-building a fair and trustworthy collaborative network. This mechanism enhances community engagement and ensures transparent and equitable allocation of ecosystem resources, laying the foundation for digitalized and decentralized agriculture.
Asset Circulation
$SPAG facilitates participation in NFT-based agricultural assets, including farmland and space seeds. Users can bid, exchange, and trade these NFTs, creating a fully integrated market for tokenized agricultural assets. This improves liquidity and allows participants to directly access real agricultural resources, linking virtual assets with real-world operations.
Financial Utility
The token underpins DeFi operations such as staking, lending, and liquidity provision. Holders can collateralize $SPAG to access liquidity, participate in yield farming, or earn rewards through liquidity pools. These mechanisms increase token velocity, enhance economic utility, and create additional income streams for participants, reinforcing ecosystem resilience and sustainability.
Consumption Utility
$SPAG can be used to purchase space-grown agricultural products, merchandise, or virtual farms within the Web3 marketplace, forming an online-to-offline value loop. Consumption directly drives token utility, tying token value to tangible goods and services, and enhancing intrinsic value and market recognition.
Governance
Token holders participate in the DAO, submitting proposals and voting on critical matters including project development, fund allocation, and ecosystem expansion. Through token-driven governance, the community becomes both participant and decision-maker, ensuring self-regulation and healthy ecosystem growth.
In summary, $SPAG serves as an identity credential, asset circulation medium, financial instrument, consumption tool, and governance token. It integrates digital, financial, and community dimensions of agriculture, forming a multi-dimensional, sustainable value ecosystem where participants gain long-term returns and governance rights.
6.4 Value Capture Mechanism
The platform’s value capture strategy follows a “Data → Asset → Finance” model, ensuring sustainable growth across research, industry, and finance.
Data Contribution: Distributed home planting units and space farms continuously generate high-value agricultural data. After cleaning and annotation, this data becomes verified scientific assets, which are tokenized and sold to research institutions and commercial partners, creating stable revenue streams.
Commercialization of Seeds: Space-bred seeds entering large-scale cultivation generate sales revenue. Profits from seed sales and agricultural yields partially flow back to the platform, supporting real cash flow.
Financial Layer: SpaceAgri develops an open DeFi ecosystem where farmland NFTs and seed NFTs circulate freely and can be utilized for staking, lending, and liquidity pooling. With the inclusion of more agricultural categories and participants, the platform evolves into a global digital agricultural finance infrastructure, capturing scientific, industrial, and financial value.
6.5 Deflationary Mechanism
The deflationary design ensures long-term token value and ecosystem health through multiple mechanisms:
Profit Buyback & Burn: A portion of space farm operational revenue is used to repurchase and burn tokens, reducing circulating supply and supporting real value.
Transaction Fee Burn: All transaction fees in the ecosystem are burned, creating a positive cycle between trading activity and token scarcity.
Consumption Burn: A fixed percentage of tokens used in Web3 marketplace purchases is burned, linking real consumption to deflation.
Ecosystem Integration Burn: Fees from third-party project integrations are partially burned, limiting excess circulation and incentivizing long-term ecosystem participation.
These strategies maintain token scarcity, support sustainable ecosystem growth, and provide long-term value to holders.
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