FAQs
If your question isn't answered here, please ask it on our Telegram group @solpodfam!
Last updated
If your question isn't answered here, please ask it on our Telegram group @solpodfam!
Last updated
At SolPod, our vision is to leverage our team's skillset in combination with our established community, to create a unique incubator within the Solana ecosystem that incorporates a revenue sharing model.
With Elian's, Reza's and Sam's skills across business development, community engagement, development, strategy, marketing, product design and sales we have the ideal combined skillset to ideate & launch projects. SolPod's existing community then provides the perfect environment for this, by allowing for instant user feedback, forming the backbone of any launched product's community and establishing an existing user base for quick adoption.
The revenue sharing model is key to the relationship between our team and community. By providing $SOLPOD holders with a share of SolPod product's revenue streams, we are able to align the interests of our team and that of the community, improving the effectiveness of our decentralised & community-involved incubation process.
1) By holding 1M+ $SOLPOD you can experience passive portfolio growth through our periodic $SOL airdrops fuelled by our product's revenue streams. See Passive income mechanism for a predictive calculation of what the revenue stream income could be!
2) You will also receive a reduction in fees on any SolPod-incubated products
3) You also have Alpha group access - where multiple x calls occur regularly in bull conditions and provides an environment for community members to give calls too (look out for the "Cabalieer" tag for members that have frequently given good calls)
4) You will also benefit from our deflationary tokenomics, as we will use our product's revenue streams to buyback & burn $SOLPOD to support price action when experiencing market downside (as long as we have the liquidity for it).
5) There are also further future benefits under consideration:
Exclusive trading-specific products
Staking
Community-driven project incubation (memes or utility)
Moonbags is SolPod's first incubated project! It was launched on Pinksale as a fairlaunch on 2024.04.26 20:00 (UTC). Moonbags was incubated & developed by the same team as SolPod but with some external help (Ty Tompkins + additional short-term devs).
As Moonbags is a product of SolPod, 5% of the revenue stream feeds into SolPod and funds the weekly $SOL airdrops for 1m+ $SOLPOD holders (as well as when necessary buyback-burn).
Both are projects created by the team at SolPod. $SOLPOD is the utility token of SolPod and $MBAGS is the utility token of Moonbags.
The key difference between both is that $SOLPOD enables you to receive a portion of the passive income equal to 5% of the 30% Moonbags.App service fee - titled "SolPod rewards" below, whereas if you are a $MBAGS holder the 5% of the 30%- titled "$MBAGS Burn" below, is used for buyback & burns instead.
Holding $SOLPOD or $MBAGS will give you a 50% discount on fees when you using Moonbags.App.
Lastly, $SOLPOD has wider ranging benefits covering the entire SolPod ecosystem. In addition to distributing some of the revenue stream of and reducing fees for Moonbags.App, it will do this for any future products SolPod launches. You also have access to our exclusive Alpha group which has called multiple x's previously, both by the SolPod trader (Sam) and the community members.
How often do I receive a $SOL airdrop?
As long as Moonbags dApp is generating revenue Airdrops will occur periodically. We will aim to do them every ~2 weeks, upon the condition that gas costs don't make airdropping unfavourable (e.g. if small amount).
How much will a 1M holder get per weekly $SOL drop?
See Passive income mechanism for full explanation but TLDR: your allocation of the revenue share depends on both how long you have been holding and how much $SOLPOD you hold. The largest allocation will go to holders with the most $SOLPOD that have been holding for longer than one week, the smallest allocation will go to $SOLPOD holder with exaclty 1M $SOLPOD tokens who has only been holding since the most recent snapshot (i.e. 1-2 days before $SOL drop was sent).
Additionally, of course the size of your $SOL drop will depend on the revenue our product's made that week, they will not always be the same size (see Passive income section for a predictive numerical calculation of $SOL drop size)
When will they start?
Our weekly $SOL airdrops will begin once we have revenue from the Moonbags dApp.
Do I receive it automatically?
Yes. You receive it automatically so long as you are included in the snapshot take before the $SOL drop is sent. It will be sent to the wallet that holds your 1M+ $SOLPOD tokens.
You can currently purchase $SOLPOD via DEX's such as Raydium and Jupiter. Alternatively a Telegram bot such as Trojan bot is ideal to avoid failed transactions (just do /buy , then type in the CA = HvJXRKYaHW53mUJNrhGNrMFCUfSJneMxkBkybFBaBsaS when it asks).
We will aim to list on CEXs in the future.
