$SOLAR Utility
This page clearly lists all of the utility points of the $SOLAR token.
Last updated
This page clearly lists all of the utility points of the $SOLAR token.
Last updated
The $SOLAR token serves as a core element of the SolarShare’s ecosystem, providing a range of functionalities that drive user engagement and project sustainability. These include:
Staking is the primary utility of $SOLAR and a key driver of user engagement. It unlocks several benefits, such as:
Full eligibility to receive rewards in $USDT tokens.
Priority access to new NFT batches.
Governance participation for ecosystem decision-making.
By burning 2% of the $SOLAR tokens tied to an NFT, users can opt to receive their rewards in liquidity pool (LP) tokens ($SOLAR-$USDT). This allows participants to:
Split rewards between $SOLAR and $USDT.
Earn additional decentralized exchange trading fees, adding another layer of incentives.
To maintain full rewards, staked $SOLAR tokens must equal 30% of the NFT’s value. By burning $SOLAR tokens, users can increase their tolerance for value drops:
1% Burn: Gains a 3% tolerance.
Example: Burning 1% of the $SOLAR tokens tied to an NFT, a user lowers the staking threshold to 27% of the NFTs value, while still qualifying for full $USDT rewards. If they burn 3% then the tolerance goes to 21% of the NFTs value.
The Solar Ambassador Program allows users to invite others to purchase Solar NFTs and earn rewards as a percentage of the referred purchases. Additionally, participants receive bonus $SOLAR tokens for their referrals. These rewards can accumulate significantly, offering both financial and ecosystem benefits.
Holders of $SOLAR tokens can access exclusive airdrop programs, tailored by tier and staking duration, providing added benefits within the ecosystem.
$SOLAR tokens can be used for seamless transactions within the SolarShare ecosystem, including purchasing assets and accessing exclusive platform features.
Grants users reduced fees and exclusive price benefits on platform services and asset purchases.