The Ape Society - Society

$Society Token

No great society can exist without the unit of currency that unites it. $SOCIETY is a utility token that can be used for all transactions within The Ape Society ecosystem. Built on the Cardano blockchain, it was launched in April 2022. Any holder of $SOCIETY can trade on applicable exchanges, hold or use the token to interact with the different areas of our ecosystem.

Why own $SOCIETY?

• SOCIETY has a unique utility in each of our landmarks. The utilities can allow holders to share in the success of the platforms, determine their futures, and unlock additional features.
• For owners of cabins, purchase furniture built by Ape Society craftsmen on our upcoming marketplace.
• Buy and upgrade usable NFT frames from level 0 all the way up to level 7. Frames can then be used for staking and placing in cabins.
• Participate in upcoming Ape Society events exclusive to $SOCIETY
• There’s more ;)

How do I earn $SOCIETY?

• For Ape Society holders, stake your apes in frames through our upcoming web interface.
• You can stake your non-ape NFTs from approved collections in frames.
• Purchase a Craftsmen Ape, and build and sell 3D furniture assets for the upcoming cabins built in Unreal Engine.
• Stay tuned to our socials as we will have cool ways for anyone to earn $SOCIETY!

$Society Utility

Use cases of the token

Frame to earn

Buy Frames with $SOCIETY in order to stake your Ape NFT or non-Ape NFT and earn daily rewards (check Framing Staking). Holders can also upgrade Frames to increase their $SOCIETY rewards.

Medium of Exchange

$SOCIETY is the only medium of exchange in The Ape Society ecosystem. Through the upcoming marketplace, Cabin holders will be able to purchase and sell assets with $SOCIETY.

Landmarks

The $SOCIETY token will always be needed to interact with Landmarks. We will support ADA as a secondary currency in certain landmarks but ultimately it will be converted to $SOCIETY. All the rewards distributed to holders through Landmarks will be in the form of $SOCIETY.

Future use cases

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Detailed Tokenomics

Detailed information on $SOCIETY tokenomics

Overview

The Ape Society developed unique tokenomics to match the one-of-a-kind ecosystem.
Some examples include all $SOCIETY is burned when buying or upgrading frames, the first-ever 3-phased emissions curve, and dynamic Frame pricing.

Distribution

(Glosary)

Staking Rewards: SOCIETY reserved for Apes and Frames staked.

Projector Rewards: Craftsmen will be able to craft these unique utility assets that will generate $SOCIETY once staked. There will be a limit of one projector per Cabin.

DAO: Allocation for the DAO wallet, fully decentralized — these tokens are in the Apes' hands.

Airdrop: Tokens airdropped to the diamond-handed Apes that held throughout 10 epochs from March to May of 2022.

Liquidity: Provided on Minswap

Team: Tokens allocated to Ape Force 1, vested. The unlocks occur every week for 3 years proportional to Daily Emissions.

Community Incentives: Everything community-related, from marketing to poker tournaments to giveaways, etc.

TASPI: Finished DAO initiative, rewarding tokens to 7 community-selected pools over the course of 35 epochs.

Double-Farm: Rewards for providing liquidity through staking SOCIETY/ADA on Minswap.

AF1 Fund: Will be used for partnerships, incentives to non-AF1 team members, and specific project promotions.

Rewards Curve

This graph represents the Daily Emission Curve - a unique model to distribute staking rewards designed exclusively for The Ape Society ecosystem.
The X and Y axis (time and $SOCIETY) are hidden to avoid market manipulation. There are 3 different phases of emissions:

• Phase 1: Fixed daily increase of rewards emission
• Phase 2: Starts with a specific percentage of remaining rewards where that percentage decreases daily after
• Phase 3: Fixed % of remaining rewards until infinity