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Daddy Shark Tokenomics Explained
Hello sharks! With the launch of Daddy Shark just around the corner, I wanted to take a moment to go through the Daddy Shark tokenomics with you. We’ve been getting a lot of questions about how Daddy Shark is going to help BabyShark token, and even more questions wondering if BabyShark Token is going to get abandoned.
First let me just say that everything we create is going to benefit BabyShark. BabyShark is our charity token, and the reason the majority of us got involved with the project in the first place. That being said, without volume, we are unable to do any charity work.
The way contract versions work, we would have been unable to add all of the features and functionality we wanted to add into the original BabyShark contract without doing a relaunch V2. So we decided to leave the BabyShark Token contract alone for the time being, and focus on creating a new token from scratch that would add value to the BabyShark Token ecosystem, thus allowing us to continue doing the ocean saving charity work BabyShark Token is known for.
Daddy is Coming Home Soon!
Now that you know the why, let’s talk about the how. Daddy Shark tokenomics will utilize a 10% tax on all buy, sell, and send transactions, broken down as follows.
* 3% sent to a multisignature wallet reserved for marketing and development.* 3% awarded to holders as rewards, which are customizable in our dashboard.* 2% sent to the liquidity pool to ensure it is constantly being funded.* 1% used to buyback Daddy Shark Tokens, so the price floor is constantly rising.* 1% used to buyback BabyShark Tokens, so Daddy Shark always pumps BabyShark.
As you can see from the tokenomics, we’ve got Baby’s back. By default, the Daddy Shark token rewards are set to BabyShark. You can change that to whatever token you would like to be rewarded in, and that is easily done inside the dashboard. Although if you still want to help BabyShark do the cryptoceanic conservation work we’ve been doing, you should leave those rewards set to BabyShark Token.
The 1% buyback of BabyShark will initially go towards building up the liquidity pool for the BabyShark Token game that will be coming out sometime after Daddy Shark and the NFT’s launch. This will give you something fun to do with your Shark NFT’s.
Our roadmap for the Daddy Shark launch will look a little something like this. First the Daddy Shark Token launch will happen on the 10th. Sometime after that we will launch the NFT’s, with the NFT marketplace shortly after. This marketplace will have some fun minigames for you to play and get familiar with your Shark NFT’s. After all that is done, we will launch our full NFT game.
Hopefully this helps clear up some of the FUD we’ve seen in regards to BabyShark Token being dead, or getting abandoned. Just know that everything we create in this ecosystem will always be tied back into BabyShark Token. We know why we started this project, and we know why you invested in BabyShark Token. Our mission from the beginning was to try and leave the planet in a little better shape than we found it, and that will never change.
If you ever have any questions, feel free to hop in the Discord or Telegram server and find an admin. We are always happy to answer any questions you might have.
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Hello sharks! With the launch of Daddy Shark just around the corner, I wanted to take a moment to go through the Daddy Shark tokenomics with you. We’ve been getting a lot of questions about how Daddy Shark is going to help BabyShark token, and even more questions wondering if BabyShark Token is going to get abandoned.
First let me just say that everything we create is going to benefit BabyShark. BabyShark is our charity token, and the reason the majority of us got involved with the project in the first place. That being said, without volume, we are unable to do any charity work.
The way contract versions work, we would have been unable to add all of the features and functionality we wanted to add into the original BabyShark contract without doing a relaunch V2. So we decided to leave the BabyShark Token contract alone for the time being, and focus on creating a new token from scratch that would add value to the BabyShark Token ecosystem, thus allowing us to continue doing the ocean saving charity work BabyShark Token is known for.
Daddy is Coming Home Soon!
Now that you know the why, let’s talk about the how. Daddy Shark tokenomics will utilize a 10% tax on all buy, sell, and send transactions, broken down as follows.
* 3% sent to a multisignature wallet reserved for marketing and development.* 3% awarded to holders as rewards, which are customizable in our dashboard.* 2% sent to the liquidity pool to ensure it is constantly being funded.* 1% used to buyback Daddy Shark Tokens, so the price floor is constantly rising.* 1% used to buyback BabyShark Tokens, so Daddy Shark always pumps BabyShark.
As you can see from the tokenomics, we’ve got Baby’s back. By default, the Daddy Shark token rewards are set to BabyShark. You can change that to whatever token you would like to be rewarded in, and that is easily done inside the dashboard. Although if you still want to help BabyShark do the cryptoceanic conservation work we’ve been doing, you should leave those rewards set to BabyShark Token.
The 1% buyback of BabyShark will initially go towards building up the liquidity pool for the BabyShark Token game that will be coming out sometime after Daddy Shark and the NFT’s launch. This will give you something fun to do with your Shark NFT’s.
Our roadmap for the Daddy Shark launch will look a little something like this. First the Daddy Shark Token launch will happen on the 10th. Sometime after that we will launch the NFT’s, with the NFT marketplace shortly after. This marketplace will have some fun minigames for you to play and get familiar with your Shark NFT’s. After all that is done, we will launch our full NFT game.
Hopefully this helps clear up some of the FUD we’ve seen in regards to BabyShark Token being dead, or getting abandoned. Just know that everything we create in this ecosystem will always be tied back into BabyShark Token. We know why we started this project, and we know why you invested in BabyShark Token. Our mission from the beginning was to try and leave the planet in a little better shape than we found it, and that will never change.
If you ever have any questions, feel free to hop in the Discord or Telegram server and find an admin. We are always happy to answer any questions you might have.