Spree Token (SPREE)
The SPREE token is the native governance and utility token of the Spree commerce network. It secures the network through validator staking, rewards token holders for supporting network operations, and enables on-chain governance.
Key Roles of SPREE
Network Security & Validation
Anyone can run a Spree validator to process transactions and secure the network.
Validators must stake SPREE directly, locking tokens to ensure honest behavior.
Transaction fees generated from the Spree commerce network are awarded as validator rewards.
Staking & Rewards
Delegators who do not want to run a full validator node can stake their SPREE tokens by delegating them to trusted validators, earning a portion of the validator’s rewards (APY).
Rewards derive from transaction fees and other network service fees, creating an incentive for both validators and delegators to uphold the network’s integrity.
Governance & Proposals
SPREE holders can propose and vote on Spree Improvement Proposals (SIPs) that shape the future of the network.
Staking SPREE (either as a validator or a delegator) grants voting power, aligning governance influence with active network participants.
How It Works
Transaction Fees Flow
Consumers and merchants transact on Spree, generating commerce network fees.
These network fees are distributed to validators (and their delegators) as "block rewards".
Validator Staking
Validators lock an amount of SPREE as collateral.
If a validator behaves maliciously (e.g., double-signing blocks), the network penalizes (slashes) the staked tokens.
Honest behavior yields consistent rewards from fees.
Delegation
Delegators stake their SPREE tokens by entrusting them to a validator.
In return, delegators share in the validator’s reward, minus the validator’s commission fee.
Governance Participation
Proposing or supporting a SIP requires a stake of SPREE, making governance directly tied to network support.
Voting power is proportional to the amount of SPREE staked.
Why SPREE Matters
Security & Stability: Staking keeps the system secure, as bad actors risk losing their tokens.
Direct Incentives: Spree aligns the interests of merchants, consumers, and validators in a single ecosystem by delivering network revenue back to validators and delegates.
Community-Driven Upgrades: SPREE’s governance structure gives token holders direct control over network evolution.
The SPREE token serves as the backbone of the Spree commerce network. It rewards those who validate transactions and secure the ecosystem, and it empowers stakeholders to steer the protocol via on-chain governance. By staking SPREE—either as a validator or through delegation—users can earn ongoing rewards from network fees, while also influencing the future direction of the Spree network.
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