$SILEX Token & Revenue Accrual

§Purpose of $SILEX#

$SILEX is the value-accrual and coordination token of the Silex Cash protocol. Every conduit settlement pays the 0.35% route fee documented in Fees & Economics — and 70% of that fee is structurally directed back to the token: 50% as distributable revenue, 20% as supply retirement via buyback-and-burn.

The token exists to make protocol usage and token ownership the same economic position: as settlement volume grows, fee flow grows, and the accrual + burn mechanics compound. It also serves as the coordination layer for the network — relayers, stakers, and long-term supporters converge on protocol decisions through staked weight rather than off-chain sentiment.

[ NOTE ]

Holding $SILEX is never required to use the bridge. The terminal, conduits, and privacy guarantees function identically with or without the token. $SILEX accrues the protocol's revenue; it does not gate the protocol's function.

Of every 0.35% route fee collected at settlement:

Share	Of Fee	Destination	Mechanism
50%	0.175%	$SILEX stakers	Weekly epoch distribution in USDC
20%	0.070%	Buyback & burn	Tokens purchased on the open market and burned, reducing circulating supply
20%	0.070%	Active relayer	Paid at Stage 04 egress execution
10%	0.035%	Core team	Protocol development & operations

The 70% holder-directed share is enforced at the settlement layer, not by discretion: accrual and burn are protocol-level dispositions of the fee, not discretionary treasury grants.

Accrual (50%) — fees collect in the sovereign treasury and are distributed to stakers each epoch.

Burn (20%) — the treasury acquires $SILEX on the open market and sends it to an irrecoverable burn address. The burn is verifiable on-chain; burned supply can never re-enter circulation.

§Staking: Lock $SILEX → veSILEX#

To receive the accrual share, $SILEX is locked into veSILEX (vote-escrowed SILEX):

Parameter	Value	Notes
Mechanism	Lock $SILEX → veSILEX	Lockup-weighted balance
Accrual Share	50% of route fees	Pro-rata by veSILEX weight
Distribution Cadence	Weekly epoch claims	Claim whenever, funds accumulate per epoch
Claim Currency	USDC (Cronos network)	No exposure to claim-time token price

EpochReward = (veSILEX(you)) / (veSILEX(total)) × 0.50 × Fees(epoch)

Longer locks carry higher veSILEX weight per token, rewarding committed liquidity over mercenaries.

Claims are paid in USDC on the Cronos Mainnet — your revenue share arrives as the same stable, settlement-native currency the protocol itself runs on.

Staking is non-custodial: the lock is a smart-contract position controlled by your wallet, not a deposit with an operator.

§Utility Summary#

Utility	Description
Revenue accrual	Pro-rata claim on 50% of all route fees, paid weekly in USDC
Deflationary sink	20% of all fees are market-bought and burned, forever
Staked governance	veSILEX weight signals on protocol parameters (tiers, fee routing, treasury)
Relayer bond	Relayer operators stake $SILEX; misbehavior is slashed (see Relayer Architecture)

§What $SILEX Is Not#

Not a bridge discount. Route fees are flat and identical for everyone; the token does not reduce them.

Not required for privacy. Shielded settlement, nullifier verification, and heuristic evasion are tokenless functions.

Not a yield promise. Accrual is a proportional share of actual fee flow — it scales with usage and can be zero if usage is zero. No returns are guaranteed.

Not a governance veto. Staked weight signals and coordinates; the non-custodial architecture and fee schedule are anchored at the settlement layer.

§Deployment Status & Launchpad#

Parameter	Specification
Token Symbol	`$SILEX`
Contract Address (CA)	`0xe2c84debf604559e3e79032eac3c67bfe272518f`
Primary Settlement Network	Cronos Mainnet (Chain ID: 25)
Platform	Cronos Launchpad
Acquisition Link	https://launch.cronos.com/token/0xe2c84debf604559e3e79032eac3c67bfe272518f
Status	Live / Active

The official $SILEX contract is anchored on Cronos Mainnet at 0xe2c84debf604559e3e79032eac3c67bfe272518f via Cronos Launchpad. Protocol buy actions link directly to the verified token page at https://launch.cronos.com/token/0xe2c84debf604559e3e79032eac3c67bfe272518f.