The SOSMC Project
Strategies we have in place to help the community grow.
Last updated
Strategies we have in place to help the community grow.
Last updated
We have looked many different ways we can help make the project not only grow but to prosper. Using unique strategies where we constructed a foundation encircled with the laws of supply and demand that work for both the project and holders!
Limiting Supply - Deflationary method of using a "AutoBuy" where funds are used lower the circulating supply.
Creating Demand - Using our "Floor Governor" to provide large purchases if/when prices stagnates which results in further outside investment as momentum restarts (Similar to how stocks like Apple provide ''Stock Buy Backs'') This further created a supply bottle neck driving prices higher.
Staking - We will introduce staking when the DAO is established with the DAO having input on how best to form its reward strategy and allocations towards our tokens liquidity pool. Staking will be used to receive our token which will be used in conjunction with our Holders Lottery where you will purchase tickets to win.
Holders Lottery - Where we will hold regular giveaways to our staked holders to win anything and everything we can get our hands on with the aim to procure of community with Tickets to events, NFT's, Whitelists opportunities plus more such as storage options and tech such as Ledgers.
Airdrops - All holders who are unlisted will receive future drops. Holders will also be eligible for guaranteed whitelist minting of our GEN2 3D Rendered Avatar built for integration in to the metaverse (all holders will only pay a maximum of 30% of the mint price). More on this will be released in our V2 ROADMAP.
Autobuy - A deflationary strategy that is similar to other mechanisms but with a slight twist. This acts in the way of its own dedicated fund that will accumulate SOL that is funded from sales in the secondary market. This fund will accumulate its SOL as a percentage allocated from the community fund which will be dynamically adjusted through DAO authority so the community can vote to increase the burn rate or slow it down. When the fund has accumulated enough to purchase a NFT's it will purchase it and withdraw it from circulation. This is a process that will be reoccurring until we reach a supply of supply of 3333.
Floor Governor - The floor governor acts as another deflationary manner whilst increasing the overall demand by creating regular high volume purchases simulating buys that catapults the projects rankings on the secondary sites and NFT screeners. This action of buying the SONS listings when demand is at its lowest helps rejuvenate buyer interest, restarting the cycle of NFT ownership and influencing both factors of the laws of supply and demand. As the demand then increases this drives the floor price higher which benefits the community by now being able to command a higher price for that NFT.
What makes this unique - From those purchased NFT's caused by the floor governor. We would slowly filter them back in to the supply at the new higher value. This will be done over extended periods and a short while after the buy occurred. This is to ensure we do not create a oversupply issue and drive demand down.
The original purchase cost of each NFT when resold will then be returned back to the DAO Fund with any of the left over profits going to the AutoBuy mechanism so that we can further aid to burn the supply which will create a further bottle neck in supply starting the whole process over again helping holders gain further value from their NFT holding by giving them higher a floor prices and increased conversion rate of their tokens from staking activities.
Would this not just make the floor price drop?
No! As the NFT's being filtered back into the secondary are only every filtered back in to the project when demand is at its highest and a such a slow rate it wouldn't be noticed.
Although they both act deflationary they work in different ways and compliment each other and the project in positive ways for both project health and holder satisfaction. The floor governor only comes in to effect when buying pressure is at its lowest. Creating a surge in sales to kickstart life back into the project. The AutoBuy creates buys that are reoccurring regardless of the price and removes that purchased NFT from circulation.
With the deflationary strategies implemented to help reduce supply of circulating NFT's, the optimum supply and demand equilibrium point will be created where the price more accurately reflects the communities demand as the project grows from its pricing strategies and external revenue sources funding the DAO Fund. Once we start experiencing a increase in demand as we roll out more revenue creating ventures, the DAO fund will directly benefit, in creating a project that is has disposable highly liquid funds that we will use for both project diversification and incubation of upcoming projects and investments in both SONS and Cryptocurrencies which will itself be huge drivers for demand. Incubation - This is where we will source upcoming project not only on SOLANA but other currencies to ensure we are building assets across all platforms.
Crypto Investments - We will be constantly exploring new investments both on chain and off using varying degrees of risk to asses to achieve our portfolio aim.
This is a fun and exciting way we can reward our holders whilst implementing a staking option.
Prizes such as SOSMC NFT's
Whitelist Spots
Tech Giveaways
Storage Solutions
Tickets to Events
Other Project NFT's
