Tokenomics

Utility + Revenue = Long Term Success

Usability of $SKO

The "Hands" Program

Earn "Golden Stars" by holding a sum of $SKO for different time durations (no staking required) and redeem the stars for benefits within the platform, 3rd party airdrops, and digital/physical products. See The "Hands" Program for more information.

Tipping

Tip creators during livestreams or community members for their helpful engagements.

100% of proceeds go directly to the person being tipped.

In-Community Purchases

Should a creator opt-in for accepting $SKO, users can spend the tokens for in-community upsells from the creator like one-on-one sessions and other special offers. See Additional Offerings for more information.

Airdrops

Part of The "Hands" Program, holders will be rewarded with airdrops from partner companies.

Skolarships will aim to partner with trending early-stage businesses and invest in their funding rounds to receive an allocation. These allocations will be airdropped to $SKO holders participating in The "Hands" Program.

See The "Hands" Program for more information on amount of $SKO held and duration to be eligible for these airdrops.

Buybacks

The Skolarships team will not receive any $SKO from the total supply.

Instead, tokens will be purchased in the form of buybacks from the open market. Using 10% of the total revenue the platform generates, these funds will be injected directly into purchasing $SKO for the company treasury.

Deflationary Transactions

When a user spends $SKO, they will burn a % of the tokens spent.

Users/creators can spend/burn $SKO to receive a multiplier for earning Golden Stars, paying for limited access to a community, minting NFT Scholarships, and in-community purchases the community has to offer.

Payments for community memberships are processed at the creator-set USD rate. For communities, the price in $SKO is dynamic, adjustments are based on the current market value. Users paying with native tokens receive a 10% discount off the set USD price, encouraging them to purchase native tokens from the open market. This not only reduces their integration costs but also allows them to benefit from long-term holding discounts on community payments and support the ecosystem by burning $SKO.

Holder Rewards

Long-term $SKO holders who keep their tokens in the same wallet are eligible to earn daily points AKA Golden Stars. This point system is tier-based: the more tokens you hold and the longer you hold them, the larger and faster you accumulate points. These points, exclusive to our platform, can be redeemed in our marketplace for various benefits such as special privileges, physical goods, raffle entries, and airdrops. This system encourages long-term holding and rewards our loyal community members with tangible benefits.

$SKO token holders can also receive exclusive airdrops from other projects. Skolarships will partner with industry leaders to offer these airdrops to its holders. Airdrop eligibility depends on the number of tokens held and the duration they are held. The more tokens and the longer the holding period, the higher the chances of receiving an exclusive airdrop.

Important note on vesting:

In the vesting process, the team will not receive any $SKO tokens. Only project advisors are eligible for tokens from the treasury. The team will allocate 10% of all platform-generated revenue to buy tokens from the open market, adding them to a Team Treasury wallet. These tokens will be distributed to team members based on achieved platform milestones.