Sallar ($ALL)
Sallar ($ALL)
General Characteristics
Sallar ($ALL) is the native utility token fueling Sallar Network, a decentralized computing network utilizing smartphones as nodes for distributed computational power. Leveraging the Solana network, Sallar applies a Decentralized Physical Infrastructure Network (DePIN) model to transform mobile devices into a global computing resource.
This approach allows Sallar to provide an efficient, scalable, cost-effective, and eco-friendly alternative to traditional, energy-intensive data centers. Sallar shares power with AI, scientific research, and other computation-heavy industries.
The Solana-based platform uses $ALL tokens to incentivize users to share their devices’ computational power. Participants earn $ALL for their contributions and can top their earnings by holding tokens in the Sallar sub-wallet within the app. This approach encourages users to engage with the network.
Roadmap
While Sallar did not upload its roadmap, the platform revealed some objectives it aims to achieve in the coming months.
In the future, the project plans to enhance staking features and increase token utility through partnerships. Future updates will focus on expanding user incentives and improving computational output to handle complex applications.
Functionality and Utility
As mentioned earlier, $ALL is used to incentivize users within the network. Participants earn tokens by contributing their devices’ processing power to support applications in AI, data analytics, and cryptography.
Additionally, $ALL can be staked in an in-app sub-wallet, offering increased earnings through reward bonuses. The token also powers Sallar's liquidity and developmental funding.
Market Performance and Dynamics
$ALL has a maximum supply of 12B, a total supply of 2.6B, and a circulating supply of 1.8B. Approximately 78% of the total supply is allocated in smart contracts for distribution as computational rewards. As of November 2024, 300M tokens are in liquidity on Raydium, paired with Solana, to facilitate trading.
While $ALL has soared 260% over the past week, it has experienced some retracement recently. When writing this line, the token traded at $0.0005959, representing a 21% decrease in the last 24 hours. $ALL has a 24-hour trading volume of $93.95K and a market cap of $1.54 million.
Community
The platform is in the early stages of community development, with 4.2K followers on X, 138 subscribers on Telegram, and 735 token holders. It also has an active presence on YouTube and Facebook.
Pros
- Eco-friendly alternative to traditional data centers
- Incentivizes users for contributing device power
- Utility for scientific, AI, and computation-heavy applications
- Stake-to-earn and reward bonuses for participants
6 Questions to Sallar Team
1) What inspired the creation of Sallar? Was there a particular moment or realization that sparked the idea of turning smartphones into an AI-powered network?
The inspiration behind Sallar is the untapped potential of billions of smartphones worldwide, waiting to do more. Imagine harnessing this everyday tech we all own and transforming it into a decentralized AI powerhouse! The moment we realized the power in our pockets, we knew we could change how the world connects to advanced computing. Sallar was born to bridge the gap, enabling everyone to contribute to—and benefit from—the AI revolution, bringing passive income to millions, one smartphone at a time.
2) Sallar aims to turn smartphones into AI-driven, money-making devices. How does this process work in practical terms, and what inspired this innovative approach?
In practical terms, it’s remarkably simple. With the Sallar app, users connect their devices to the network, sharing processing power and earning rewards. What makes this unique? Instead of large, high-cost servers, Sallar taps into mobile devices and desktops, distributing tasks like AI fine-tuning across our global user base. This unique approach makes complex technology accessible and profitable for everyone. We’re not just building a network—we’re building a movement to empower people with new ways to earn, support AI, and be a part of the tech of tomorrow.
3) The Snake Squad concept is intriguing! Could you tell us more about the purpose and benefits of joining this group? How does it contribute to both the community and the project’s overall mission?
Snake Squad isn’t just a group; it’s a dedicated circle of champions for Sallar’s future. This community within our community offers exclusive rewards, early access to features, and a unique role in shaping Sallar’s journey. The Snake Squad has gathered hundreds of crypto enthusiasts on Telegram, creating a lively hub of engagement, insights, and collaboration. Currently, our market cap stands at approximately 1 million USD, and we already have a working app with over 500 active users. Snake Squad members are our trusted allies, bringing stability, insight, and enthusiasm to the network. This core group amplifies Sallar’s mission, creating a shared journey where every member contributes to a bold, global impact.
4) With a circulating supply of 1.8 billion tokens and a capped max supply of 12 billion, what strategies are in place to manage inflation and promote the sustainable growth of the Sallar token?
Our tokenomics are designed for long-term value and sustainability. By rewarding user engagement and staking in a balanced manner, we ensure that Sallar grows with the community and adapts to market dynamics. With our buyback strategy funded by computing sales, we keep liquidity strong and support the token’s value. Our flexible approach to rewards—adjusting as needed for market health—ensures that the Sallar token grows with stability, backed by community oversight for a truly user-centered approach. Furthermore, the buyback strategy will ensure that inflation is well-managed by using a portion of the revenue from computing power sales to buy back tokens, reinforcing the market and creating ongoing demand.
5) How does Sallar plan to foster a sense of community and ongoing engagement, especially in a competitive space with other blockchain-based projects?
Community is our core. We’re not just building a product; we’re building an ecosystem where transparency, inclusivity, and user rewards drive our growth. From the Snake Squad to collaborative discussions on future features, we actively involve our users in Sallar’s story. Every participant is essential, and by listening to our community, we shape a dynamic, trusted network. Partnerships with leading projects in decentralized computing amplify our reach, helping Sallar stand out as a meaningful, inclusive player in the blockchain space.
6) Looking 5-10 years ahead, where do you see Sallar in the landscape of decentralized AI and computing? Are there any particular advancements or goals that you hope to achieve by then?
In 5-10 years, we envision Sallar as the beating heart of decentralized AI computing, powering groundbreaking applications across industries. Our goal is ambitious: to democratize access to computing power on a global scale, with real-world impacts in areas like healthcare, research, and education. As Sallar’s network matures, we’ll integrate even more powerful devices, optimize mobile participation, and establish a fully community-led governance model. We’re building a platform that connects everyone to the future of AI and decentralization—a future where every device, every person, is part of something extraordinary.
Official links
CA: GKHgTd6tqvycgG3mqcZraSZDFR32hXhRgo6sZQtudMsC
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