The SORT token will have two main uses and over time many more secondary ones.
Economic Utility: The SORT token is a passively generated token that will pay dividends to its holders without having to do anything more than keep the token in their wallets.
- "The tokens that are in buy-sell orders will not count."
- A minimum of 10 SORT tokens is required to receive dividends.
- All dividends will be paid in Hive or Swap.Hive once a month.
- The payment of dividends will be progressive and will not begin to be paid until the 4th month of the project.
Participation: "permanent ticket" gives the right to participate in multiple raffles without the need to register.
- 1 Ticket for every 10 SORT Tokens.
Raffles: There will be three types of raffles. Common, seasonal and special.
Common draws: 3 weekly common draws will be held that will distribute the following prizes
- First draw: Cards, packs or any other item from Hive games
- Second draw: Hive, HBD, HP, or HSBI shares
- Third draw: passive yield tokens type BRO, EDS or INCOME
Season draws: They will be draws for specific dates such as Carnival, Christmas, etc.
- They will be punctual and will have bigger prizes than usual.
Special Draws: They will be very diverse draws but I will list a few.
- Draws for pre-sale buyers: Those who buy in the pre-sale and keep their tokens will have exclusive draws for them. The first will be rewarded for their trust.
- Premium draws: Exclusive draws for the number of tokens. If you have more than 100, 500 or 1000 Tokens.
- Sponsored Giveaways: Giveaways in collaboration with other Hive projects.
Awards
Very important! The prizes will be based on the benefits achieved "50% approx. It will be used for raffle prizes.” The Hive collected will not be used to give any prize. The conservation of capital is a priority for the sustainability of the project.
The project intends to give two types of prizes
Common and short-term: They will be digital and will be given in all kinds of raffles
- Example: Cards, packs, any other item from Hive, Hive, HBD, HP games, HSBI shares, BRO, EDS, INCOME, NFTs, swap.BTC, swap.ETH, etc.
Rare and in the medium or long term: They will be digital or analog and will be given in seasonal or special draws.
- Examples: @hivelist gift cards, Silver coins, CTPSB Gold NFT from @liotes, merchandising from Hive's most recognized projects, tickets to @hivefest, @hiq magazine on paper, hotel nights at the @ecoinstant project etc... (all these awards will be subject to reaching agreements with these projects)
I hope this helps you better understand the SORT token project. I will continue detailing the token white paper in the coming days. Don't hesitate to ask if you have any questions.
If you like draws and you like to receive dividends, the token that has everything "SORT" has arrived.
Perpetual lottery ticket that distributes dividends 1 Ticket for every 10 Sort Tokens Gives the right to participate in multiple raffles without the need to sign up.
You can purchase your Sort tokens here:
https://hive-engine.com/trade/SORT
Token Sort White Paper
TOKENOMICS of the SORT token in detail.
How do you generate funfs to pay out all these prizes and dividends and how does anyone know you won't just sell the tokens, cash out and disappear?
What is your username please ?
Hello friend, I'm @yeckingo1 and I'm launching this token.
As you can read in this paragraph, the prizes will come from the management of the fund.
"Very important! The prizes will be based on the benefits achieved "50% approx. It will be used for raffle prizes.” The Hive collected will not be used to give any prize. The conservation of capital is a priority for the sustainability of the project."
If all the tokens are sold there will be big prizes if few tokens are sold the prizes will be small.
The capital raised is not used to distribute prizes or dividends.
Brilliant! Nice to see it's someone I know! Good luck with everything , I hope it's a roaring success mate and thanks for replying :-)
It's always a pleasure to speak with you. I miss your giveaways!
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The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Really interesting, let's see the evolution.
I think buying some token sort can be a good investment 💪
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Sounds better for every update!
Non-digital rewards/prizes though? If someone wins a stay at a hotel they'll never be able to visit because it's on another continent, or some merch where the postage costs more than the items themselves, isn't that just a waste of funds?
It depends on the agreement with the service provider. But if it is fully paid by the project then the option to charge in Hive will be given.
But that will be explained in the mechanics of the draws that will be explained in detail in the coming days.
Thanks! 👍
Post voted 100% for the hiro.guita project. Keep up the good work.
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Thanks for the support!
Well, I'm in already.
Let's see how it evolves.
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