ðTokenomics Overview
Last updated
Last updated
Soulbound features a three-token system designed to enrich user experience and ensure the sustainability of the ecosystem:
Soulbucks: An ecosystem token offering consumptive utilities within the Soulbound economy.
DRIP: A non-transferable token (SBT) representing the user's reputation on the platform.
RIZZ: A valueless, fun, token only acquired through the predictions market and special promotions.
2.1 Definition and Use-Cases
Soulbucks are an ERC-20 ecosystem token with consumptive utility, which provides features of the Soulbound Platform. Soulbucks acts as the primary medium of exchange within the Soulbound Ecosystem.
It offers a plethora of utilities, found here.
2.2 Total Supply
Supply: 1,000,000,000 SBX tokens. TGE estimated Q4 2024.
2.1.1 SBX Allocation Breakdown
The SBX token will be initially allocated as per the following breakdown:
(NEED FOR NAT TO DO NEW ART)
11% Team, Developers & Contributors: to the core Soulbound Inc. team who will drive the project from concept to reality, developers and engineers that are the backbone of product, social & community moderators, and future onboarded staff members.
4% Advisors & Legal: to experts who will contribute special expertise, access, and supportive advisory roles in both the web3 space and legal operations. Soulbound Inc. are working within existing legal frameworks of cryptocurrency & blockchains, and keeping abreast of new developments and regulations therein.
7.5% Investors: to early investors of the project before the public offering.
12.41% Public & Private Sale: a second-stage offering for scaling and tech build out to interested parties, angels, and members of the general public who believe in the Soulbound Inc. mission, vision and project, who wish to be co-owners and participants of the project.
5% Strategic Round: third stage investment for 3rd party plugins, stream overlays, GTM & Token Launch plan, Telegram app & CEX listing fees.
33.83% Community & Ecosystem Rewards: a reserve fund to be utilized to encourage participation and contribution to the Soulbound Ecosystem; promotions, live events etc. The SBX issued for streaming live on the platform also comes from this allocation.
6.25% Partnerships & Marketing (& KOLs): a reserve fund for incentivizing marketing and partnership with Soulbound Inc.
15% Treasury: a reserve fund for implementation of the Soulbound Inc. roadmap, research & development and of future tech, acquisition and development.
5% Liquidity: an initial allocation so that public trading and price discovery can begin.| [ADD VESTING SCHEDULE GRAPHICS]
3.1 Definition
DRIP is an innovative, ERC-1155, non-transferable token (a soulbound token - SBT) that acts as a marker of a user's reputation, involvement, and credibility within the Soulbound community. 3.2 Key Features
Non-Transferable: Ensures that reputation is genuinely earned and not transferred or manipulated.
No Monetary Value: DRIP can't be sold, ensuring its sole purpose remains as a reputation marker.
Unlimited Supply: Minted based on user interaction and achievements. No cap exists, allowing for an ever-expanding and active user base.
Gamification: Actions on the Platform are gated behind DRIP thresholds - the more you interact, the more content and functionality you unlock.
3.3 Earning DRIP
Users receive DRIP as a reward for various social interactions, such as:
Engaging with the community, including, but not limited to;
Posting content;
Reacting to content;
Posting Stickers;
Creating Stickers;
Moderating the Platform.
Achieving milestones within the platform. (Gamification objectives)
Amount of content created.
Amount of total posts, stickers, comments, interactions.
Having a trending sticker.
Consistent positive contributions and interactions.
Community-driven moderation where users earn DRIP for moderating.
