$SRP Functionalities and The Starpad’s Tier System for $SRP Holder

$SRP’s Functionality:

$SRP is a BEP-20 based token that serves as the essential fuel for the entire Starpunk Ecosystem. To help our users learn more about the exclusive benefits when holding $SRP, it’s described by 4 following major utilities of $SRP in the NFT Gaming Incubator Ecosystem of Starpunk:

  1. Staking/Locking: Staking/Locking a fixed amount of $SRP to catch equivalent tiers on the Starpad’s Tier System and participate in the SPO events of new NFT Gaming startups incubated by our team. The more staked/locked tokens, the more chance to win a higher position.
  1. Discount fee: A discount fee when trading NFT of different gaming projects on our White-labelled NFT Marketplace.
  1. Voting & Proposal: Participants in the DAO will be members of the entire Starpunk’s network. Decision-making will be prorated based on a participant’s ownership to the overall DAO through a $SRP ownership. Token will represent the voting rights in the DAO and holders will have the rights to participate in the Community Voting System for some major developments of Starpunk and the launching of new gaming projects on our platform.
  1. Reward System: holders will be rewarded for holding our token with a general reward mechanism hardcoded into the smart contract.

Also, we’ve been collaborating with many well-known game studios regarding to the launching of their Blockchain Games on Starpad. Earlybird holders will have a huge advantage to participate in the upcoming SPOs events on our platform.

A first view of Starpad’s Tier System

With the tremendous expectation that we have received from our community regarding to the new Tier mechanism, we have made a decision to release a Starpad Tier’s System for the upcoming SPO projects on Starpad including:

  • Universal: All tiered members who have staked/locked for the required period of time will be guaranteed an allocation
  • Galaxy: All tiered members who have staked/locked for the required period of time will be guaranteed an allocation
  • Solar: All tiered members who have staked/locked for the required period of time will be guaranteed an allocation and privileged to join FCFS Pool
  • Earth: All tiered members who have staked/locked for the required period of time will be guaranteed an allocation and privileged to join FCFS Pool
  • FCFS Pool: All tiered members who have staked/locked for the required period of time will be privileged to join FCFS Pool

In summary, each tiered members will be equivalent to a fixed amount of $SRP token which you agree to lock/stake on Starpad. The more tokens you lock/stake, the higher tier your will achieve and gain more advantages that can level up the position in SPO projects on Starpad. In order to ensure the exclusive benefit for our long-term holders and encourage the community to accompany Starpunk in the promising journey ahead, there will be a fixed proportion of the guaranteed position for participants from Earth – Solar – Galaxy – Universal so that tiered members can join and contribute in the SPO projects on Starpad. More details about Starpad’s Tier System will be officially released in the next few days – Stay tuned and follow Starpunk’s Social media to update the latest announcements!

About Starpunk

Starpunk is the all-in-one, decentralized incubator, cloud solutions provider, and launch ecosystem for NFT Gaming startups. We empower game developers, token buyers, and players to build a blockchain-based economy, accelerate the introduction of new NFT Games into the market through our Game Launchpad, and allow projects incubated by Starpunk to launch their own white-labelled NFT Marketplace.

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