Tokenomics for Amplebot Utility Token [AMPB]
Today, Telegram is a place where people can communicate freely and safely with each other. And every day there are new bots and channels that provide us with up-to-date information from various fields. One of them is our telegrams bot that notifies users of new listings on Uniswap. And it’s very cool! Soon we will launch another bot that will allow you to monitor large transactions for selected tokens and of course with a personal set of limits.
Therefore in order to improve our service of notifications about new listings we have come up with a token economy which can be accepted by any member of our community.
The idea.
Utility token used for purchase ads on the Amplebot platform.
The token is issued by users who do some positive actions like voting if the listing is fraud or legit.
The token is tradable on Uniswap where buyers of advertising can get it.
Token emission mechanics
Each user has a balance of locked and unlocked tokens.
After each listing, all users receive a message with token information. There are a 10 minutes time window for voting. After it, all votes are collected and the final decision is made.
Listed token marked as a scam if ⅔ of votes was scam reports and who voted gets instantly some amount of locked tokens. For this stage 1 vote = 1 locked token.
After the voting step, begins 7 day period to conclude the final decision on the listed token. The bot checks the liquidity amount at the end of its period. If the token has an initial liquidity amount or greater, then the tokens of voted users are unlocked and can be withdrawn.
Future voting mechanics
Users can bid some amount of tokens, and if the listing is valid for example, then the user will get a proportional amount of reward from another part of users who made the opposite decision.
Token burn mechanics
Each ad bought with AMPB token burn them on the blockchain. Basically, if you want to buy ads you need to burn some amount of tokens and provide the link to burn transactions.
Ads buyers get a discount if they choose to burn tokens, or can pay 100% in ETH.
Booster mechanics
5 levels of boosting.
- 1 LVL: 100 AMPB — 10% bonus of locked tokens
- 2 LVL: 200 AMPB — 20% bonus of locked tokens
- 3 LVL: 300 AMPB — 30% bonus of locked tokens
- 4 LVL: 400 AMPB — 40% bonus of locked tokens
- 5 LVL: 500 AMPB — 50% bonus of locked tokens
Users get additional bonus tokens if they have some amount of tokens on unlocked balance.
Withdraw mechanics
Users can register an ETH wallet for withdrawing the collected tokens. Withdrawal fee charged in tokens and amount is equivalent for the amount in gas to proceed the transaction.
Referral system
Each user can create a referral link and get additional tokens on each invited user.
Thanks for your attention! We will be glad to hear your opinion about our idea!
