SugarBounce Transparency Update

A Bit About Our Journey

$TIP, the native token of the SugarBounce ecosystem, is a deflationary token and unlike other tokens that have billions in supply; $TIP is only minted based on performance of the SugarBounce platform. Our platform has a long-term vision to build a community and scale NSFW entertainment up to the next generation.

Performance-Based Allocation

To achieve our goal, we have set the maximum $TIP tokens mintable to be an equivalent of 49.75 million annually, which corresponds to the 50,000 $TIP tokens per performer if we onboard 995 performers. So unlike publishing a token supply arbitrarily, which is the hallmark of most projects, $TIP adds value to the platform for all advertisers, creators, traders, viewers, and other actors in the all exciting Sugar ecosystem. But this also means tokens will have to be minted as there are no pre-minted tokens available for marketing and operational costs. These tokens would come into the ecosystem only if absolutely necessary. Also from up to 25% of net profits on the platform tokens will be bought back and burnt. You can read more about this in our tokenomics article.

We Believe in the Community

Our model tasks the platform developers to add value, which translates to actual tokens in the ecosystem.

Our Reason for Minting

We are accountable to inform the community that 2.6 million tokens were minted. There will be an unlock coming for private sale investors who are linearly vested along with advisors. We also need tokens for our CEX listing, which goes towards marketing, maintaining liquidity and running trading competitions.

A Detailed Breakdown

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