SX Network is Polygon's first layer two blockchain. Built to scale betting, DeFi, and NFT applications.
It 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).
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