TOKENOMICS v4.2
1. Introduction
The SPOZZ token is a Polygon ERC-20 token and serves as payment instrument within the SPOZZ ecosystem.
During the first phase of operation of the SPOZZ ecosystem, the SPOZZ tokens will have a fixed price. You can purchase these tokens from SPOZZ.club for 0.01 USD and will also be able sell the tokens back to SPOZZ at the same price of 1 cent USD any time once the purchase and sales feature is introduced to the website. To sell back the SPOZZ tokens to SPOZZ Club to FIAT, users must be verified (KYC) for regulatory reasons.
In the first phase, the SPOZZ Liquidity Management will assure that the token supply will match the user growth and requirement of the SPOZZ ecosystem for doing payments within the ecosystem.
In phase two, when the number of SPOZZ Tokens in circulation will have reached enough volume SPOZZ.club may stop selling or redeeming SPOZZ tokens at a fixed price and the token price may then be defined by supply and demand.
It is also planned to list the SPOZZ Token on different exchanges starting with a trading pair SPOZZ/Ethereum on a decentralized exchange. SPOZZ will also offer a feature to purchase SPOZZ tokens by credit card or cryptocurrency payment.
2. Token Supply
The SPOZZ Token has a total supply limited to 10 billion (10’000’000’000). Half of the tokens are not part of the circulating supply and are reserved for the SPOZZ operating company. These Tokens are locked for 5 years and can only be unlocked by exercising a share swap agreement, that would reduce the participation of the Operating Company in the profit distribution agreement between the Company and SPOZZ Club. The tokens that are not claimed by exercising the share swap agreement by the Operating Company for 2 years, will be burned.
3. Share SWAP agreement.
After 5 years the operating company can opt to swap their stake in operation profits of the Ecosystem against SPOZZ tokens. This SWAP will not change the share of profits between the social club and the operating company. But it will give the operating company the possibility to claim tokens, that they can then trade on the market.
Example: The operating company swaps 10% of their rights to the profit of the SPOZZ Ecosystem to 1’000’000’000 of the locked tokens. This reduces the company’s profit share to 40% but gives the 10% of the profit from staking coins. Tokens are unlocked at the moment of the execution of the SWAP.
4. Token Allocation
*Treasury rules will be part of the statutes of the SPOZZ.club social club (legal entity) for example:
Limitation of token supply.
Weight of decision rights depend on the # of SPOZZies you own.
Yearly, legally mandatory general assembly: voting counts only one voice per registered member
**In circulation = Tokens minted in the public mint plus pre-minted tokens from batch 0 that have been transferred from the SPOZZ wallet to a holder.
5. Investors in the SPOZZ Operating Company
Investors can buy shares of the “SPOZZ Operation Company LTD”. The company receives 50% of the net profits of the SPOZZ ecosystem allocated to the Social Club, guaranteed in a contractual agreement between the SPOZZ.club community registered Social Club and the LTD company. If not all 10’000 of memberships are sold to SPOZZ.club members in the public sale, the founders may decide to reduce the share of the social club accordingly and to offer the operating company a higher share, in relation to the memberships that were not sold.
e.g 2’000 memberships are not sold would mean an additional 10% of share of profit that can be assigned to the operating company.
6. SPOZZ.club; registered Social Club
The social club is a non-profit organization of up to 10’000 Members. Anyone can become a member of the SPOZZ.club social club through buying one or more SPOZZ.club NFT avatars so called “SPOZZies”.
As defined in the contract between the SPOZZ Operating Company and the SPOZZ Social Club, the social club receives 0.005% for each member (=SPOZZie holder) of the profits generated from the total SPOZZ Ecosystem (Marketplace, Streaming App, Tools, etc..).
If all 10’000 memberships are sold, the SPOZZ.club will receive a share of 10’000 x 0.005% = 50% of the total profit of the Ecosystem. If for example only 8’000 memberships are sold the stake of the club would be 40%.
The SPOZZ.club will distribute the received net profits between the owners of the staked token in relation of the share of the token staked. The Social Club will be established once 1’000 membership certificates (=SPOZZies) are in circulation. SPOZZ members will elect the first President and Sectary in the constitutional meeting held in Switzerland.
7. Distribution of Surplus Profits
The social club by statuary requirement will return surplus profit annually to the members of the social club (after meeting statuary reserves requirements). The distribution of surplus profits will be organized through the staking of SPOZZ tokens. The staking pool receives its share of the net profit after admin costs and statuary reserve building of the Social Club and distributes it quarterly through a staking process to the members. For the payout the numbers of staking day per quarter will be considered. Only staked tokens are entitled to receive a share of the surplus profit. Members can sell and buy tokens on the market. All SPOZZ Tokens in circulation that are not locked at the time can participate in the staking.
8. Token Rewards
Genesis Batch (non-sold Batch)
Once this feature is made available on the SPOZZ.club website, holders can stake their NFT and receive 5 tokens per day until the 5000 token per NFT are distributed.
Pioneers Batch and following Batches
A token rewards pool per batch will be created based on 5’000 token/NFT. Members can stake their SPOZZie NFT and get SPOZZ tokens allocated once this feature is made available on the SPOZZ.club website. Every day, 5 tokens per minted NFT in the batch are allocated among the staked NFTs. E.g., the batch has 250 NFTs. 250 x 5 tokens/day = 1,250 tokens/day. These are distributed among the staked NFTs. With 250 staked NFTs that is 5 tokens/day, with 100 staked NFTs that is 12.5 tokens/day. The earlier and longer you stake, the more tokens you get.
9. Liquidity Pool Tokens
Up to 2’000’000’000 (40% of maximum circulating supply during the first 5 years of operations) will be used to implement liquidity pools for SPOZZ trading pairs and to assure liquidity of the entire SPOZZ Ecosystem.
10. Founders / Team Tokens
Max. 10% of total supply will be allocated to the SPOZZ team over the time they have a work relationship. Token received as a bonus will have a vesting period of 0/1/2/3 years. The team gets token according to their working agreements and their bonus plan measured with regular target settings. The vesting period starts with the payout of the first tokens. This serves the purpose of assuring SPOZZ holders that the team is here to support the community far into the future. Early members will get a one-off token payment, upon the successful launch of the SPOZZ.club project. Then the team tokens will be released monthly depending on achievements.
11. Marketing Pool
10% of all SPOZZ Tokens are allocated to promote and grow the SPOZZ ecosystem and used for raffles, referral schemes and promotions.
12. SPOZZ.Club Memberships
A maximum of 10’000 unique SPOZZ NFT avatars known as "SPOZZies" will be available. Each SPOZZIE NFT entitles its holder to be a voting member of the social club. (Please note that voting in the General Assembly requires physical presence or a legalized proxy from the verified member and owner of the NFT)
Each “SPOZZie” holder can receive 5’000 SPOZZ Tokens or more from the SPOZZies stake reward pool if the NFT is put in stake from day 1 until the end and if at the beginning less than the minted number of NFTs are staked according to the rules set for the claiming. For the Genesis Batch, no Pool is established.
13. Token Utility
The SPOZZ Token is used for payments and payouts to artists, members and verified users within the SPOZZ ecosystem. The token is also used by the SPOZZ.club Social Club to allocate surplus profits to the token holders by means of staking the token.
14. General
The SPOZZ.club Tokenomics V 4.1 is valid for the batch “Genesis” and “Pioneers” subject to changes for future batches.
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