At the heart of Soulverse lies a commitment, not merely to its innovative products, but to the vibrant community it serves. Central to this ethos is $SoulX, the lifeblood currency propelling transactions within our ecosystem.
Through DeFi benefits like HODLing, staking, and lending, the token aims to empower users while fostering technological advancements in blockchain.
Let’s take an in-depth look into our approach to crafting a balanced and sustainable economic model that champions ecosystem growth and inclusivity.
Token Distribution
With a total token supply of 21 billion, our journey begins with the initial minting of the same amount on Day 1. This strategic move, coupled with a launch price set at $0.20 and a maximum market cap of $4.2 billion, lays the groundwork for stability and sustainable growth.
To ensure widespread accessibility and foster a thriving ecosystem, the initial tokens are distributed across various avenues. This meticulous distribution strategy is designed to promote transparency and inclusivity while bolstering the overall health and resilience of our ecosystem.
Allocation Breakdown
Each segment plays a vital role in fueling the ecosystem’s expansion and sustainability.
Treasury
The Treasury Wallet holds 15% of the total tokens minted, equivalent to 12.5% of the revenue allotment, primarily designated for maintaining liquidity on decentralized exchanges (DEX) and centralized exchanges (CEX).
As Soul Coins accumulate in the treasury, a portion of these tokens will be reallocated to benefit the community. This may involve supporting foundation causes, funding new technologies, or providing assistance to marginalized populations. Furthermore, revenue generated within the platform is channeled back to the community through various avenues, including Soul ID holders.
These funds contribute to technological advancements, furthering the platform’s innovation, and subsidize Soul IDs, ensuring accessibility for all users, regardless of their financial status.
Vesting and Rewards
The vesting schedule for our tokens is structured to ensure a gradual release, promoting long-term value creation and stability:
1. Upon launch, founders receive 25% of their allocation immediately, with the remaining 75% securely held in a multi-signature wallet.
2. Subsequent allotments of 30% each are distributed at the 6-month and 12-month marks from launch or the initial allocation, whichever is later.
3. This phased approach extends over the course of several years, with 25% of the total allocation released annually.
Notably, this release occurs on both decentralized exchanges (DEXs) and centralized exchanges (CEXs), aligning with our commitment to fair distribution and sustainable growth, contingent upon the founders’ continued executive roles within the company.
Revenue Distribution
Soulverse operates with a deep understanding that the community, particularly the Soul ID holders, forms the backbone of our ecosystem. As such, our revenue distribution model is designed to prioritize their interests and ensure their continued engagement. When revenue is generated, it flows into the Revenue Wallet, from which it is distributed to various segments of our community as follows:
Benefits to Investors
Investors enjoy rewards not only through token price appreciation but also via revenue sharing and additional incentives for providing liquidity and staking. Our platform’s unwavering dedication to fairness and transparency forms the bedrock of the investor experience, ensuring trust and confidence in every aspect.
Moreover, the rollout of wrapped tokens represents a momentous stride forward. Unlike the previous SAFT method, buyers will now receive wrapped tokens that offer enhanced utility, including the ability to stake them. As a result, all prior SAFT holders will seamlessly transition to wrapped tokens upon the launch of our new ICO dashboard, aligning with our commitment to innovation and inclusivity.
Benefits to Soul ID Holders
Soul ID holders receive a share of revenue generated either quarterly or every 6 months, providing a lifetime stream of income.These distributions ensure continual engagement and reward for active participation.
Closing Thought
SoulX tokenomics embodies a collective vision centered around empowerment, innovation, and community-driven growth. As Soulverse progresses, our token ecosystem stands as a symbol of decentralization, driving positive change in the digital landscape.
Follow our communication channels closely to stay updated about upcoming developments and initiatives by Soulverse.
