Slotana team will create a token in the upcoming weeks. We're going to market this as shares of https://slotana.io.
10,000,000 (10 million tokens) will be minted. If the token reaches a $100MM market cap, each Slotana token will be worth $10.
9 decimals as with other Solana based coins. This will allow transactions of 0.000000001.
Ticker will be SLA and token name will be Slotana
This is for people who played previously (people who interacted with our program id).
Engineers will gather a list of all addresses who played on Slotana and divide 5% of the supply with the number of addresses. Addresses who interacted with Slotana (i.e. people who played more) will be allocated more tokens from the airdrop.
Airdropping will require associated Slotana token account creation for previous players. Token account creation fees will be funded by the Slotana team as a bonus for our previous players. No need for anyone to claim!
Token projects have a pre-launch period where they allow others to send $SOL into an address. Depending on how much $SOL people sent into the pre-sale address, they receive tokens before the market launch.
In Slotana's case, the platform can have the capability to facilitate the pre-sale through a website. People with $SOL will be able to swap a certain amount of Slotana tokens based on how much $SOL they're willing to spend.
100% of the $SOL raised by the pre-sale will be used to fund the liquidity pool during the market launch phase.
This is for people who actively play on https://slotana.io. We're going to add a new field into CoinFlip account where plays will accumulate a score.
The score will be calculated based on the amount of $SOL people play with. The score can be used to buy Slotana tokens. This will generate a positive feedback loop where people will have incentive to keep playing the coin flip game. Even if $SOL is lost, people can claim Slotana tokens to make up some of the losses.
We're going to try and balance this amount dynamically based on interest and player sentiment.
Just like every other company, the company holds some shares within board members. Depending on the price of the Slotana token, founders can use this for marketing or do giveaways.
45% of minted tokens will go to liquidity pool together with all $SOL raised from the pre-sale period.
Slotana token is not a meme coin and has utility.
Each week, 20% of https://slotana.io's earnings will be used to buy back a certain amount of Slotana tokens. Bought back tokens will be burnt to decrease supply. With decreased supply, the price will go up.
This increases value for existing holders and creates more incentive to keep holding. Similar to share-buybacks companies do regularly.
Holders of Slotana token will be eligible for exclusive rewards. The team will consider the holder list as an exclusive group and share potential future benefits with them.
Slotana coin is a standard Solana token. This means it can be used to play coin flip on https://slotana.io on it's own. This is expected to drive more traffic onto the website via indirect organic ways.
We're planning to introduce a feature where locking up Slotana tokens will give you more of the platform's earnings. The details of this programme is not finalized yet. This will be announced at a later date after the token launch.