Introducing The Square: a NFT experience on the blockchain
We are excited to present you The Square, an upcoming NFT experience on the blockchain, built for the Binance Smart Chain, and accessible to The Square ($SQR) holders.
An interactive experiment
The Square is an immersive and interactive 3d grid of 1 000 x 1 000 Squares where each Square can be bought by $SQR holders to unveil a Cube; a unique NFT, which becomes property of the Square owner.
Each Cube on the map can be customized by its owner through color, transparency, texture, borders, … and by attaching an URL to it.
By unveiling Cubes and organizing them on the grid, $SQR holders become part of the experience, choosing their own strategy, wether they want to advertise, be creative or accumulate as much Cubes as possible. Everything is possible.
Ultra-rare Cubes.
In Q3, ultra rare Cubes will be added. Those will be designed by artists or provided by crypto projects from the NFT ecosystems and will be hidden on the grid.
As such, each Cube becomes an iconic and collectable NFT.
For investors and end users, value will be created by two distincts mechanisms:
- the value of the $SQR token itself, increasing as interest for the project in the crypto community goes up;
- the value of each Cube on the grid, which are real assets that can be hold or placed under auctions to be sold/acquired by other users (token holder or not)
Incentivizing holding
In order to encourage people to think long term, various mechanisms will be developed in order to incentivize people to hold their token.
$SQR holders will be able to stake their token in order to unlock unique styles for their cubes or increasing their chance to discover ultra-rare cube.
A community driven project
We are deeply convinced that our community should be at the center of the project. We aim to develop a governance model that lets the community define the main direction of the project.
$SQR holders will be able to use their token to submit proposal and vote for upcoming features.
Token allocation and fair launch made to align interests between stakeholders
Max supply: 100 000 000 tokens.
Distribution
- 65% farming
65% of the supply will be available for people to farm through liquidity farming. Bonuses are available at the beginning to incentivize people to bring liquidity and reward early supporters. We believe farming is fair way of distributing our token allowing long-term believers to accumulate our tokens cheaply.
13% of the tokens will be provided for liquidity rewards in the first month alone, be sure to not miss out!
- 28% Development & Marketing fund
28% of the supply will be used for the development of The Square and for marketing. Development includes hiring extra devs, infrastructure to ensure the dApp scales and runs smoothly and marketing of the platform.
We believe marketing is also key to the success of the project and fund are needed to ensure successful marketing operations.
A vesting schedule will be provided in the coming weeks.
- 5% Team
5% will distributed to the team members through a vesting schedule detailed in our upcoming Litepaper, 0% will be available in month one.
- 1% Liquidity
1% of the supply will be used to provide the initial liquidity. We welcome the community to get involved and provide liquidity for our project.
- 1% Airdrop
1% of the supply will be used for airdrops. We believe airdrops are a great way to promote The Square, encourage participation from the community and rewards early adopters.
Initial supply and the deployment of the contract
Global allocation of the supply will be made of lock and incentive mechanisms created to maximize long and steady growth. As such, team, dev, marketing and DAO funds will be unlocked during the 12 months following the launch of the token.
Farming of $SQR tokens will be available during the 66 months following the token launch. The initial Reward / Block rate will be 15 and it will be reduced by 20% every month.
What’s next?
As of 18th of may 2021, we are working on the token launch that will be available on PancakeSwap before the end of the month.
We are also working hard on publishing a public roadmap so as to let every community member know what’s happening behind the curtains.
