---
# System prepended metadata

title: SNK Token Utility Ideas
tags: [snk]

---

---
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