$SELF Token
The initial utility of the $SELF token will be to enable users to buy premium services on the platform, the ability to earn via retail purchases, to offer incentives for business clients paying with the token, and for stakers to earn an APR and other benefits, such as discounts and whitelists.
How To Earn $SELF
1. Referral Scheme
When you are signed in, navigate to 'Referral program' to see your unique referral code and a link you can copy and share with anyone in your network. You will be rewarded for each user you invite.
Your rewards are based on which subscription tier the new user is on at the end of their first four weeks using SELF. This is calculated as follows:
Free: 1 x $SELF
Premium: 5 x $SELF
VIP: 10 x $SELF
2. Community Rewards
We are committed to creating the best possible conditions for a thriving and passionate community. We greatly value community members who wish to contribute to the project in any meaningful way.
As part of the SELF community you can earn a $SELF allocation through our engagement-based community rewards program, earning points and competing for a spot on the leaderboard. The community rewards program is not live at the moment, but the first phase is about to begin. Head to our Discord server for more up-to-date information.
3. Staking Rewards
Users will be able to stake $SELF tokens for varying lengths of time to earn an APR.
Details about the staking program will be announced nearer to the Token Generation Event (TGE).
4. Crypto Back
Simply by having a Premium or VIP subscription will entitle you to token rewards every quarter. The mechanism functions like this:
1. A SELF user submits a query involving a possible purchase (e.g. asking SELF to find a specific product).
2. SELF has a database of ‘partner’ retailers with affiliate links, and if any of the partner offerings match what the user is looking for - an affiliate link is included as part of the reply.
3. The user makes a purchase, and SELF receives an affiliate commission.
4. Every quarter, a percentage of the affiliate income SELF has earned is used to purchase $SELF on an exchange, generating perpetual buy pressure. These tokens are then credited to VIP and Premium wallets.
Tokenomics
SELF is a long-term project, and the tokenomics are designed to encourage progressive momentum over time and reduce market volatility. The majority of the vesting schedules (including Team & Advisors) are lengthy. In addition, there is a subscription and affiliate income-powered burn mechanism in place, detailed below.
Total Supply: 500m Tokens
Deflationary token burn
