$SOLAR Utility
This page clearly lists all of the utility points of the $SOLAR token.
Token Utilities Overview
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.
Liquidity Pool Rewards & Airdrop
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.
Staking Rebalancing Tolerance
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 2% (~$2 in $SOLAR) lowers the staking threshold to 24%, while still qualifying for full $USDT rewards.
Ambassador Program
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.
Incentive Airdrops
Holders of $SOLAR tokens can access exclusive airdrop programs, tailored by tier and staking duration, providing added benefits within the ecosystem.
Medium of Exchange
$SOLAR tokens can be used for seamless transactions within the SolarShare ecosystem, including purchasing assets and accessing exclusive platform features.
Discounts
Grants users reduced fees and exclusive price benefits on platform services and asset purchases.
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