Objective: a token represent the blood line of the community. Each token will decay, only increasing in lifetime if sent to others. This is an anti-hoarding token.
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💡 Program Address: Pha5A3BB4xKRZDs8ycvukFUagaKvk3AQBaH3J5qwAok
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🦾 Functions
- Decay in 1 week (customizable)
- Every transfer renews the token lifetime
- Only transferable among vetted wallets
Token Mechanics:
- Decay rate: You mentioned a 1-week decay period. Consider how quickly the token should lose value over that week. It could be a linear decay or an exponential decay.
- Renewal upon transfer: Determine how much additional lifetime a token gains when it's transferred. It could be a fixed amount or a percentage of the remaining lifetime.
- Minimum transfer amount: Decide if there should be a minimum amount of tokens required for a transfer to be valid and renew the lifetime.
- Token transfer as an act of kindness
Token Utility:
- Use cases: Explore potential use cases for the "Help" token within the community. It could be used for accessing exclusive content, voting on proposals, or redeeming rewards.
- Partnerships: Consider partnering with other projects or platforms that align with the community's values to expand the token's utility.
- Be-able to integrate with other platforms within SuperteamUK community to reward high-value users
📚 Philosophy behind the design
- Most things in life decay over time; that’s why you should never let something live forever.
- This token represents the liveliness of a community, which is measured by how many activities happen.