Let there be light
Last updated
Last updated
The Fantom network was sunset in favor of the Sonic network which boasts a new bag of tech upgrades. Being as Fantom was the birthplace of shrap, it seemed only fitting that the now $SHRP token also received an upgrade. This not only includes a new token, but a complete revamp of tokenomics and functionality. A new staking system and governance structure will also accompany expanded treasury holdings, operations, and active management.
The upgraded functionality and operational enhancements are all aimed at turbocharging the ecosystem internally by directly driving a constant increase in Protocol Owned Liquidity (POL) and supply deflation. The staking system will give rewards to those that wish simply to hold the token and not risk Impermanent Loss (IL) by providing liquidity. Holder and participants will be invited to partake in governance and help shape both the present and the future of the DAO.
This project name was chosen to symbolize the effect which will be created by the DAO. A center of massive gravitational force that will pull everything towards it. Community, partnerships, yields, and value will all be attracted to the DAO. This type of internal focus to generate a power reflexive cycle is a rare ingredient that few realize as being the real primary flywheel that needs kickstarting for any project's success. The $BOL token is the point of nucleation around which a thriving ecosystem will form with the ultimate goal of burning and recapturing as much of the token supply as possible.