SOCIETYToken

3.1 Token Overview

SOCIETYToken (SOCIETY) is the native cryptocurrency of The Society platform. Built on blockchain technology, SOCIETYToken operates as an ERC-20 standard token, ensuring compatibility and interoperability within the Ethereum ecosystem.

3.2 Token Utility

SOCIETYToken serves as a utility token within The Society platform, enabling various functions and providing benefits to token holders, including:

• Transaction and Governance: Token holders can use SOCIETYToken for transactions within the platform and participate in decentralized governance processes, shaping the future development of The Society.

• Rewards and Incentives: Members earn SOCIETYToken as rewards for completing tasks, achieving milestones, and actively participating in the platform's activities.

3.3 Token Distribution

• Total Supply: 777 Billion SOCIETY tokens

• Token Symbol: SOCIETY

• Decimals: 18

• Initial Distribution: A portion of the total supply is allocated for platform development, community initiatives, liquidity, and incentivizing early adopters. Detailed distribution plans can be found in The Society's roadmap.

3.4 Tokenomics Features

The tokenomics of SOCIETYToken are designed to ensure a sustainable and vibrant ecosystem within The Society platform. Key tokenomics features include:

•Transaction Fee Mechanism: Each transaction incurs a small fee, a percentage of which is used for platform development, community initiatives, and liquidity provisions.

• Redistribution Mechanism: A portion of transaction fees collected within the platform is allocated to the redistribution mechanism, ensuring a fair distribution of rewards to token holders. These redistributed tokens can be earned through active participation, completing tasks, and achieving milestones.

• Deflationary Mechanism: A portion of each transaction fee collected within the platform is burned, reducing the token supply over time. This deflationary mechanism aims to enhance scarcity and potentially increase the value of each remaining token.

• Inflationary Mechanism: An inflationary mechanism is introduced to maintain a perpetual balance within the token ecosystem, ensuring new tokens are minted at a rate equal to the tokens burned.

3.5 Token Allocation

• Community: 35% of the total supply (271.95 Billion SOCIETY tokens)

• Promotion: 15% of the total supply (116.55 Billion SOCIETY tokens)

• Marketing: 15% of the total supply (116.55 Billion SOCIETY tokens)

• Giveaways: 25% of the total supply (194.25 Billion SOCIETY tokens)

• Research and Development (R&D): 10% of the total supply (77.7 Billion SOCIETY tokens)