Socials.Fun Solution

How will SOFUN be used in the socials.fun ecosystem?

Addressing the Issue

We think it is time for a change. The community and traders are the ones that decide which platforms are utilized. Everyone should have a chance to benefit from the growth of our ecosystem.

Solution

A systematic buyback & burn of SOFUN tokens will be incurred on every transaction on the socials.fun. This means that for every trade on socials.fun, there will be a buyback and burn of SOFUN tokens! Currently, this amount will be up to 30% of our trading fees generated. This amount is subject to change.

Ramp Up

As we are in the early stages of the platform, the buyback will not start at the full 30%.

We will go live with a 10% buyback of the fee account, which will ramp up to 30% as platform volume increases.

The reason for this is we will need the more fees in the beginning to run baseline operations on socials.fun and begin to generate awareness of our ecosystem. Additionally, our platform participants and SOFUN holders will not benefit as much from low volume anyways.

We will ramp up the buybacks as our volume increases!

There will be more announcements to come on this.