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Summary of SHRIMP Token
- $SHRIMP is the official token from the Aptomingos team.
- Core purpose: create an engaging token for the Aptos ecosystem.
- Secondary purpose: “do good” through community-inspired subgoals and “The Reserve” allocation.
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“The Barbecue” burn mechanic:
- 1% of supply burned: $2,000 worth of tokens utilized for a subgoal.
- Participation is key to success; non-participation results in token burn.
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Subgoals:
- Entertaining and charitable.
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Examples:
About SHRIMP: Empowering a New Era of Decentralized Finance
$SHRIMP is the official token introduced by the visionary team behind the esteemed Aptomingos project.
The core objective of the launch is to create a captivating and thrilling token that resonates with the entire Aptos ecosystem, fostering a sense of community and inclusivity.
The secondary purpose is to “give back” by devising community-driven subobjectives and bringing them to fruition through the strategic allocation of resources, known as “The Reserve”, which is facilitated by our innovative “burn” mechanism, aptly dubbed “The Barbecue”.
The reserve constitutes a strategic allocation of tokens, deliberately designed to remain dormant until specific burn thresholds are reached, at which point they are deployed.
Notably, a remarkable 1% of the total token supply has been successfully eliminated in ‘The Barbecue’ event. Moving forward, the reserve will allocate $2,000 worth of tokens to fulfill a specific subgoal.
Our pioneering burn mechanism, aptly dubbed ‘The Barbecue’, fosters a dynamic token ecosystem where active engagement is paramount to achieving success. Alternatively, you may opt out of participation, but be aware that a predetermined percentage of your tokens will be subject to burning if you choose not to engage.
Subgoals are designed to be engaging and benevolent, fostering an atmosphere of entertainment and philanthropy.
We do not currently possess an exhaustive list of possibilities, but by the time we launch the token, we anticipate having at least 5 confirmed subgoals. Some examples include:
– Sponsoring innovative ideas from projects within the Aptos ecosystem.
– Donating to a charity dedicated to preserving flamingo wildlife.
Notably, subgoals will always be set at a lower threshold than the burn requirement needed to achieve them. While we strive to minimize unnecessary selling pressure, some degree of pressure is inevitable with a model of this nature.