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 Staking and Leveling System

SMILE Card Acquisition

  • Users can acquire SMILE tokens through various means, such as purchasing them or earning them through platform activities.

  • Users can stake their SMILE tokens to obtain special SMILE Cards.

  • The SMILE Cards serve as a visual representation of the user's engagement and investment in the SMILE ecosystem.

  • The SMILE Cards cannot be traded or sold.

SMILE Card Leveling System

  • A leveling system is implemented for the SMILE Cards.

  • Upon reaching specific staking thresholds, the SMILE Cards will be upgraded.

  • Upgraded SMILE Cards grant users access to additional features and privileges within the SMILE platform, such as exclusive content, enhanced functionality, or special benefits.

  • The leveling system encourages long-term engagement and investment in the SMILE ecosystem.

Token Burning Mechanism

  • at least 50% of the SMILE tokens used to acquire or upgrade SMILE Cards will be permanently burned.

  • This deflationary mechanism helps to increase the scarcity and value of the remaining SMILE tokens over time.

Benefits of the SMILE Token Staking and Leveling System

  • Provides users with a unique way to participate in the platform and unlock additional features and benefits.

  • Contributes to the overall growth and sustainability of the SMILE ecosystem.

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Last updated 11 months ago