---
title: SNK Token Utility Ideas
tags: snk
---

# SNK Token Utility Ideas

TODO:
- Staking APY
- Revenue accrual / burn mechanism

The objective here is to create an authentic and sustainable token utility for the SNK token.

A relevant question that was asked was "How can we give SNK holders incentive to not dump it for USD, but hold it instead? "

## Buy & Hold SNK
When people buy or receive SNK, they become SNK Holders. As a token, holding SNK gives hodlers 2 use cases:
1. **Access** to exclusive..
- Discord channels
- SNK merchandise
- Content
2. **Governance**
- [Vote on Proposals](https://tribeca.so/#/)
- Get economic rights to proportion of the DAO treasury

## Stake SNK

### User Personas
From a **UX** POV, there are 2 types of community members:
1. Lifestyle Community members
2. P2E Scholars

**Lifestyle Members**
Due to LOUD's following & gaming community, there will be many 'lifestyle' members who join and hang out. These members are typically here to find a community / sense of belonging and gain access to exclusive merchandise & events.

**P2E Scholars**
P2E scholars will likely want **greater earning power or financial upside/stability** (on the quantitative side). We should create an ecosystem of incentives and products give them greater earning power / financial upside, so they would not dump, stake and be aligned with SNK in the long run.

This draws from super-apps in developing countries (e.g. ridehailing/food delivery) that provide their drivers/riders a source of income & build an ecosystem of incentives, benefits & products around them (e.g. insurance, savings, loans, etc.). This helps attract, retain drivers, as well as earn more revenue from a ARPU POV.

### Staking Mechanism

When holders stake their SNK, we can give them different staking tiers, perhaps with different:
1. 30 day minimum Lock-up periods
2. Min. amount to stake

| Tier | Badge | Exclusive Online Events | Offline Events | NFT/Swag Drops | Earning Boost | Staking APY | Loans | Tools/Bots | Launchpad | MLM |
| ---- | ----- | ----------------------- | ---------------- | ---------------- | ------------- | ----------- | ----- | ---------- | --------- | --- |
| 1 | Low | Raffle | Raffle | Raffle | x | x | | | | |
| 2 | Mid | Raffle Chance x2 | Raffle Chance x2 | Raffle Chance x2 | 2x | 2x | Yes | Yes | x | |
| 3 | High | Guaranteed | Guaranteed | Guaranteed | 3x | 3x | Yes | Yes | 2x | Yes |

Based on the table above, each tier gets different access to (1) lifestyle benefits (2) P2E scholarship benefits. The idea here is to have 1 staking tiering for both user personas and allow them to choose their own adventure.

To briefly run through, each product/incentive has been broken down into:
1. How it works
2. Why it matters
3. Importance
4. Complexity
5. Priority

The priority is dependent on how important & complex it is for SNK as a project. Those with lower priorities (e.g. 3) can be released in later stages as we go.

| S/N | Product/Incentive | How it works? | Why it matters? | Importance | Complexity | Priority |
| --- | ----------------------- | ---------------------------------------------------------------------------- | ------------------------------------------------------------- | ------------ | ---------- | -------- |
| 1 | Badge | Badge on SNK Platform & Role in Discord | Prestige & feel good factor | Must-have | Low | 1 |
| 2 | Exclusive Online Events | Access to online streaming events or exclusive meetups with LOUD influencers | Entertainment of event & feeling of exclusiveness | Should have | Low | 1 |
| 3 | Offline Events | Access to offline events, tournaments, etc. | IRL access, entertainment of event & feeling of exclusiveness | Should have | Low | 1 |
| 4 | NFT & Swag Drops | MFT & Swag Drops | Actually owning something exclusive | Should have | Low | 1 |
| 5 | Earning Boost | Members get better rev-share terms or rewards (blanket/goal based) | Increased earning power ('higher salary') | Must-have | Low | 1 |
| 6 | Staking APY | Plain ol' staking | 'Savings account' | Must-have | Low | 1 |
| 7 | Loans | Members get loans based on their performance & record | 'Payday or other loans' | Should-have | Medium | 2 |
| 8 | Tools/Bots | Members get access to bots/tools that help them play & earn better | Increased earning power ('higher salary') | Should-have | High | 2 |
| 9 | Whitelisting/Launchpad | Members get allocation on SNK-partnered games IDO | 'IDO or IPO' | Should-have | Medium | 3 |
| 10 | MLM | Members can get revenue share from down-line members (e.g. MLM/Pyramid) | 'Multi-level marketing/Pyramid' | Good-to-have | High | 3 |

By building out the above ecosystem progressively, this should help attract new players, retain existing players, create more alignment and reduce sell pressure in the SNK token

## Revenue Accrual / Burn Mechanism

Flow of revenue & funds:
- Earn revenue
- [Lifestyle] Sale of Merchandise
- [P2E] P2E Revenue sharing
- [P2E] Loans Revenue sharing
- Burn / distribute revenue
- Option A: Distribute revenue to stakers
- Option B: Burn revenue

- Emissions rate for community treasury
- Managing smart contracts.
- Coordinating Copperlaunch, market-maker and TGE launch