$TOP Token Value Accrual

Token Distribution

Believe.app utility token launch with 1B total token supply. CA: CASWgMZ3bvoLfVedMeDxhAngeFaWuj5FoTaqfR2JeBLV

10% - Long-term Strategy

This supply is locked for 6 months and will be deployed in potential T1 exchange listings and strategic advisor relationships and partnerships. ~5% is earmarked for 2-3 exchange listings and ~5% is held back to be used in advisor and partnership situations.

10% - Treasury

6% held back for KOL partnerships and marketing. 4% is held back for market makers.

80% - Community

Value Accrual - Flywheel

‍‍$TOP Buyback Using Fees from Crypto Pools. The contract is built such that 25% of the pool’s total $SOL contributions are withheld by the App’s treasury. Post TGE, the contract will be updated to swap the retained $SOL into $TOP after the completion of each pool. The winning user will receive 75% of the pool’s total contributions in $SOL while the retained $TOP will be distributed to wallets of active users based on on-chain usage at the end of each month.

This "Cashback" reward will operate according to this schedule:

First 3 months: 100% of the pool fees will be air-dropped to active users

Thereafter: 50% of the pool fees will be distributed to active users

Example

Once a SOL-denominated pool with 10 SOL (for example) of total contributions reaches its completion, 7.5 SOL will be transferred to the winner’s address and 2.5 SOL will be swapped into $TOP at the prevailing market rate. At the end of the month, the total $TOP that was retained will be distributed to active users based on usage/participation.

Continuous $TOP Buyback from Believe.app Fees. Starting one month after the TGE, 20% of the creator fee-revenue claimed from the Believe.app, will be used to buyback $TOP redistributed to active users based on on-chain usage.

$TOP Buyback from Subscription Revenue. 20% of the subscription fee that is $SOL-denominated will be automatically converted into $TOP and locked for 6 months in the App's Treasury at every month end.

Value Accrual through Utility

Benefits from $TOP Holding and Usage. All $TOP retained in the App's Treasury will be exclusively used to grow the platform. Community feedback will have an important role in the rollout of future games and features.

Example 1 - Token-gating Private Pools

Private sim trading pools is an existing feature that allows users to create private, invite-only trading pools that don't have a commission, meaning the App will not retain any of the prize money as long as the creating user holds a required amount of $TOP in their wallet.

Example 2 - Zero Fee

Prize money from $TOP-denominated pools and other games will not be withheld by the App. Users will be entitled to receive 100% of the prize money in $TOP.