Recently looking for opportunities in the BSC ecosystem:
Based on the BSC decentralized project SQV_Project, the project is scheduled to go online in December. According to the white paper, 5% of the tokens will be used for airdrops. Here are some key information about the project that I have compiled. The relevant links can also be found in the comments section.
Token mechanism
The token of the project is $SQV, with a total of 120 billion, of which 30% of the tokens will be used for pre-sales and 5% of the tokens will be used exclusively for airdrop activities. In this way, the project aims to attract early users and ensure that the tokens can circulate quickly in the community.
NFT mechanism
The SQV project also introduced an innovative NFT mechanism, namely "computing power card". According to the white paper, every 1 million $SQV tokens are equivalent to a computing power card, and the computing power cards will be divided into five levels: ordinary, extraordinary, rare, epic, and legendary. Legendary cards have the highest rarity and can only be obtained in the pre-sale stage through the "Seed of Origin" incubation plan. Other cards are obtained randomly through the probability-transparent "card exploration".
The incentives for each computing power card are directly linked to its rarity. The higher the rarity, the greater the benefits. From extraordinary to epic, each level has its own quantitative incentives, and NFTs with legendary and epic levels can also activate perpetual incentives. In addition, the project adopts the innovative "dual-track non-equal trading" principle to form a unique trading cycle. This mechanism is relatively rare in the traditional NFT market and can bring users different trading experiences and ways of income.
Decentralization/de-capitalization concept
SQV's team focuses on the research and development of decentralized WEB3 technology and adheres to the concept of "player consensus first". The core concepts of the project are "decentralization" and "de-capitalization", aiming to break the monopoly of capital in the traditional crypto market and promote a more fair, transparent and open ecosystem. In the design of SQV, the team hopes to break the current capital-dominated situation in the crypto market, truly give players and community members more say in the development of the project, and promote the development of decentralization.
In general, the SQV project is not only technologically innovative, but also demonstrates unique ideas in the design of token mechanisms and NFTs.With the December launch approaching, this will be a project to watch.