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SX Network is a stand-alone smart contract blockchain built on the Polygon SDK. It is designed from the ground-up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.
The SX token is the native unit of account on the SX Network and has three purposes: to pay for transaction fees, used as the staking bond by validators, and to power governance. SX Network has an on-chain treasury that is set to receive over 50% of all SX supply over the next four years.
This treasury is governed by SX and can be used to fund community growth and technical innovations. SX Network also comes with a built-in prediction market protocol, which will be used to create the world’s first large-scale implementation of a market-based governance system (i.e. futarchy).
SX Network is natively integrated with the SX treasury, rather than a centralized and opaque entity like Block One or the Ethereum foundation. Every dollar spent by the foundation is approved by on chain governance.
Polygon is the dominant layer two network on Ethereum, and currently supports hundreds of applications and secures $5B in assets. SX Network leverages this technology by working with the Polygon team to launch a battle tested and proven smart contract chain.
The SX Network team has:
