StarSharks team – a group of talented individuals with deep game development and crypto backgrounds who are dedicated to establishing a series of high-quality virtual experiences for players to enjoy, efficient tools for builders to craft the virtual world, and a sustainable economy model in which assets will be able to circulate in different available use case scenarios and truly belong to the users. The team aspires to change the rigidity of the blockchain to bring fun and believes the best reward for their efforts is the positivity, inspiration and value they are able to provide to the community and beyond.
StarSharks is the leading NFT gaming platform on Binance Smart Chain leveraging referral, stake-sharing and NFT marketplace that incentivizes gamers to co-create our sustainable community. Players can enjoy, create different types of games, and socialize with each other in the StarSharks metaverse, while sharing the profit of the StarSharks platform.
The StarSharks team is a group of talents with strong gaming and crypto background, and we always believe that a real metaverse should have a series of high quality virtual experiences for players to enjoy, efficient tools for builders to craft the virtual world, and a sustainable economy model where all the assets will be able to circulate in all games and truly belong to its users.
Led by Binance Labs, StarSharks is backed by over 30 prominent institutional investors who believe in us and share the same vision with us.
SSS Introduction SSS is the StarSharks governance token; 100 million in total.
SSS Allocation Plan and SSS Vesting Schedule
- Angel Financing: 5% of the total supply, First release in 4-month after first IDO, The remaining parts will be released quarterly in the next 11 quarters;
- Private Round: 9% of the total supply, First release in 3-month after first IDO, The remaining parts will be released second-by-second in the next 11 quarters;
- IDO: 1% of the total supply, all to be unlocked after IDO;
- Team: 15% of the total supply, to be unlocked over a total of 4 years: 5% of it is to be unlocked 6 months after IDO, another 5% will be unlocked 6 months after the initial unlocking, and 15% to be unlocked every half a year in the next three years;
- Liquidity Pool: 1% of the total supply, not locked up;
- Marketing Fund: 3% of the total supply, not locked up and to be released according to market operation plans;
- Collect to Earn : 61% of the total supply, not locked up and to be in full circulation over ten years;
- Company Reserve: 5% of the total supply, not locked up;
The stable “releasing-staking-recycling“ system for SSS value stability
While constantly releasing SSS tokens to the market, we strive to ensure their long-term value. This is why we determine the release quantity of SSS tokens with algorithms based on the platform’s monthly revenue and floats within the set range.
- SSS release quantity reschedule: The release quantity is adjusted annually, with up to 780,000 tokens released per month in the first year. After which the release quantity will be reduced with a decay coefficient of (9% + n%) starting from the second year. According to the mathematical model, the annual release quantity will be up to 5,484,900 in the fifth year, and the annual release quantity shall be maintained at 2,158,900 in the tenth year
- Recovery Ratio: According to the model, the platform only needs to maintain the recovery ratio (i.e., SSS consumed in the year / SSS released in the year) at 20% to maintain a robust operation.
- Bonus pool return quantity: SSS will be consumed in the game, of which 60% of the consumed part will be returned to the bonus pool (the return ratio of the bonus pool is 60%) calculated with a recovery ratio of 20%, and the annual return quantity =the release quantity of the year * recovery ratio * return ratio
- Incentive pool remaining: The current total bonus pool – the number of current year releases + the number of current year bonus pool returned
Collect to Earn: We have designed a stable mechanism of SSS “release-stake-withdraw”, the only way for players to obtain SSS tokens in games. This mechanism ensures that the value of SSS tokens is preserved through a long period of time and the token can be released continuously. The quantity to be released depends on the monthly revenue of the platform and floats within the set range with the specific quantity determined by given algorithms.