🪙$SOLPOD Token
Here we outline the benefits to $SOLPOD holders and its use case for the dev team.
Last updated
Here we outline the benefits to $SOLPOD holders and its use case for the dev team.
Last updated
As outlined in the passive income section, the key benefit of holding $SOLPOD is the passive income it provides on a weekly basis. This will be generated by our line of products, starting with Moonbags.App. Please check the aforementioned section for details.
$SOLPOD holders will also receive a reduction in fees for any products that we incubate. For example, for Moonbags, 1M+ $SOLPOD holders will receive a 30% discount on the current 30% service fee. This will continue for further products we incubate although the exact % discount will depend on the product. Most products will be trading-related so $SOLPOD holders should often have a use case for them.
Prior to our shift from airdropping memecoins launched from pump.fun, many of our holders, were benefitting from the Alpha calls that our team and community has been making. We have PnL's we regularly post on Twitter, and also have a whole channel dedicated to this under our the SolPod TG Alpha group (it is token-gated so please follow this guide).
We will continue to token-gate this community for 1M $SOLPOD holders, and continue to provide value in the form of calls, information, opportunities, news, trading tips etc.
A lot of of our investors have made many x returns on investments from these calls, and so we will be giving more attention to this, whilst the passive airdrops roll in.
Our revenue streams from products will not only be used for paying out $SOLPOD holders. We will also utilise this to buyback and burn $SOLPOD in order to counteract downside price action. This will occur when and to what extent we need it, rather than on a fixed periodic basis.
We will continue to ideate future benefits for $SOLPOD holders, in particular rewarding longer term holders to align interests of SolPod community with that of the team. For example, a staking mechanism could be incorporated or further tiers than just the 1M+ may be introduced. We will remain ever-evolving - as this is our mantra. Staying adaptable is how our project will survive in the long term as the crypto space & market changes.
As previously mentioned, $SOLPOD serves the purpose of aligning the community's interests with that of the SolPod project. This incentivise $SOLPOD holder participation within the SolPod ecosystem.
We will also use $SOLPOD as a source of funding. Launching projects costs money and $SOLPOD may be used as a source of funding if liquidity is low. Additionally, our $SOLPOD allocation may be used as payment for OTC deals with KOLs if we require marketing efforts.
Buying back $SOLPOD will also serve the purpose of supporting price appreciation/ counteracting price decline by allowing us to buyback and burn to support the $SOLPOD price. This will be used in specific situations rather than on a fixed periodic basis.
