SMILE
  • ☺️Smile Paper
  • Introduction
    • Overview of SocialFi on Cardano
    • Mission Statement & Vision Statement
    • Core Values
  • Token and NFTs
    • SMILE Token
    • SMILE Token Staking and Leveling System
    • GENEsis NFTs
  • Platform Features
    • Platform Features and Functionality
  • Governance
    • Governance and Consensus Mechanism
  • Security
    • Security and Privacy
  • Roadmap
    • Roadmap and Milestones
  • Community
    • Community and Ecosystem
  • Conclusion
    • Conclusion
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  1. Token and NFTs

SMILE Token

PreviousCore ValuesNextSMILE Token Staking and Leveling System

Last updated 11 months ago

Token Utility and Rewards

  • SMILE token serves as the primary reward mechanism within the ecosystem

  • Users earn SMILE tokens for activities such as receiving upvotes on their posts or comments

  • This encourages active participation and fosters a vibrant, engaged community

  • SMILE token can be utilized with the within the ecosystem

  • SMILE tokens can be used to access premium features and functionalities on the platform

  • The token holds inherent value and serves as the foundation for various in-platform activities

Tokenomics and Distribution

  • A large amount of tokens will be reserved for rewards on the platform

  • A large amount of tokens will be out on day one of the launch

  • A small portion of SMILE tokens will be allocated to the platform's development fund

  • The development fund will cover operational expenses, platform enhancements, and ongoing maintenance

  • Transparent token distribution and circulation will be maintained through regular reporting and auditing

  • The amount of distribution per epoch is yet to be determined

  • The distribution is on a predetermined schedule that drops a fixed 2.5% each epoch

Fair and Sustainable Ecosystem

  • Tokenomics and distribution mechanisms are designed to ensure a fair and sustainable ecosystem

  • This includes measures to promote long-term token value and platform stability

Upcoming Tokenomics Details

  • More detailed information about the SMILE token's tokenomics, including supply, distribution, and utility, will be made available in the near future

  • This will provide a comprehensive understanding of the token's role and its impact on the SMILE ecosystem

By integrating the SMILE token as a core component, the platform aims to incentivize user engagement, foster a thriving community, and ensure a fair and sustainable economic model for the overall ecosystem.

leveling system
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