Here we describe the spread of TIPS.
Nudes Tokens Allocated
Every time a user sends at least 100 TIPS to a wallet, they will receive 1,000 TIPS. If the wallet they send TIPS to is brand-new with 0 NUDES, they will receive 100,000 TIPS.
Additionally, every time a user sends 0.069 GAS to someone so they can get started with sending their own TIPS on Neo N3, the user will also receive 1,000,000 TIPS. To receive the 1,000,000 TIPS, the address the user sends the 0.069 GAS to must have 0 GAS when the user sends it.
3.00% of the total TIPS supply are allocated to the TIPS Faucet.
Note: the TIPS faucet has been put on hold given current market conditions but will continue in the future.
Marketing initiatives include:
- Meme of the Day Rewards
- Various Media
- Content contests
- Sponsored content
20% of the total TIPS supply is allocated to marketing campaigns.
An allocation of TIPS tokens had to be made in order to create the FRP-FLM-TIPS and FRP-bNEO-TIPS Reverse Pools on Flamingo Finance to provide initial liquidity and give TIPS a price and the ability to be traded.
4.5% of the total TIPS supply has been allocated to pools.
When users stake TIPS into the FRP-FLM-TIPS and FRP-bNEO-TIPS Reverse Pools on Flamingo Finance, they receive TIPS rewards in return.
15% of the total TIPS supply is allocated for these staking rewards.
TIPS Games will start small and build into much bigger games over time. To start, TIPS Games will include play-to-earn MiniGames such as a web-based coin-flipping game, lottery, dice, and more. Games will start smaller as a proof of concept, and become more robust over time to include a Metaverse game and a downloadable multiplayer role playing game.
25% of the total TIPS supply will be allocated to rewards for TIPS Games over time.
Whenever TIPS tokens are spent on utility, for instance when playing TIPS Games or upvoting a meme on the Meme2Earn platform, a percentage of the TIPS tokens spent will be burned.
Meme2Earn.com is a place where users can browse and vote for their favorite memes, making the meme creators earn while simultaneously TIPS get burned.
Any NFT royalties collected will be burned. We will also host NFT Buy-and-Burn events.
Any fees collected from TIPS MiniGames will be burned.
15% of the total TIPS supply will be allocated to the Core Team over time. This includes but is not limited to:
- Public Relations
- Community Management