🕹️Incentives

Selling Pressure

To mitigate selling pressure, we have implemented two strategies:

Vesting Schedules

Our token distribution plan incorporates vesting schedules to prevent large amounts of tokens from being released into the market simultaneously, thereby maintaining market stability. To attract early investors, we have structured a vesting schedule that distributes tokens every 2 months over a 24-month period, following a 12-month cliff. For the team, tokens will be vested every 6 months over a 48-month period, also after a 12-month cliff, demonstrating our long-term commitment to the project's success.

Staking Incentives

Users can stake their $SIRKL tokens to earn rewards, incentivizing them to hold their tokens for extended periods. Participants can select from different lock-up periods, including 3 months, 6 months, and 12 months. Longer lock-up periods offer higher rewards, fostering long-term commitment to the platform. Rewards, distributed monthly, are in the form of additional $SIRKL tokens. The reward amount is based on the number of tokens staked and the chosen lock-up duration.

Community's incentives

Gamification and Reward “SR Points”

During the beta version, SIRKL introduced a gamification feature. Users earn points for activities on the app and on social networks. These points can be converted into $SIRKL tokens during the Token Generation Event (TGE). This strategy encourages users to engage more with the platform and promotes SIRKL on social networks. It increases user engagement and creates additional demand for $SIRKL tokens.

Bounty Program for Helpers

The SIRKL Bounty Program is an initiative designed to reward community members for their contributions to the platform. By participating in various tasks and activities, users can earn rewards in the form of “SR points” before TGE or $SIRKL tokens after TGE. These tasks can range from finding bugs in the app to promoting SIRKL on social media.