Solomon Token (SLM)

The Solomon token is an Ethereum ERC20 compliant token. The purpose is to facilitate the operation of the Solomon DeFi plugin and ecosystem.

Definitions

• Solomon Token - Ethereum ERC20 token. Abbreviated SLM.
• Wallet - An Ethereum address/account
• solc The Solidity smart contract compiler

Description

SLM is an ERC20 token with standard extensions for updating a wallet's allowance, as well as minting and burning functionality. It is based on OpenZeppelin's open source ERC20 implementation found here: https://github.com/OpenZeppelin/openzeppelin-contracts

The main additional feature is a global lock that the owner can use to stop and start trading. It disables all transfer related functions, including transfer, transferFrom, approve, increaseAllowance, and decreaseAllowance. This is intended for use during initialization and presale prior to exchange listings, and as an emergency halt if any critical issues come up during operation. In order to facilitate a presale, specific addresses (e.g. the presale contract address) may be exempted from the lock.

Some minor changes were made to the Open Zeppelin ERC20 implementation in order to achieve compatibility with solc version 0.8.0.

Features

• ERC20 token functionality: https://eips.ethereum.org/EIPS/eip-20
• increaseApproval and decreaseApproval to avoid multiple withdrawal attack
• Mint and burn operations
• Single use initialization function
• Global trade lock with exceptions for specific addresses
• Solidity compiler version 0.8.0

Token Allocations

SLM is initialized with a 100M total supply according to the following token distribution:

• 50% - Presale
• 25% - Development
• 15% - Rewards and promotions
• 10% - Team