What Is SquishiVerse (SLIME)?
SquishiVerse The is more than just your run of the mill cute slime-like profile picture project. It is mission to help educate, incubate, and provide as much utility as we can to Squishie holders and smaller artists across the broader NFT space and help foster Web3 culture into the mainstream.
SquishiVerse Storage Key Points
|Circulating Supply||1,142,442.00 SLIME|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
One of the Squishiverse’s core values is to support and incubate smaller artists with their entrance into the broader Web3 ecosystem. The artist behind these cute Squishies — FourLeafClover is the embodiment of this vision. Clover, an artist based in Thailand, found herself without a job during the peak of the COVID pandemic. She instantly found love and support in her journey within the Web3 world after spending time in communities such as Sappy Seals and CryptoMories. She very quickly became a tremendous community member and began providing everyone with art that they grew to love.
In minds a very serious problem within the NFT world needs to be permanently squished. The Web2 industry is known for not supporting artists, nor supporting developers — it only supports the giants and their stakeholders. We want to rectify this situation! On top of supporting talented artists, the Squishiverse also plans to support developers who have been neglected and abused within the Web2 industry.
$SLIME is a ERC20 utility token for the Squishiverse. It will serve as the currency for the game and the medium of exchange for our gasless marketplace. This marketplace will include in-game items for our Metaverse (Squishiverse). The total supply of the $SLIME token is 1 billion and have all been pre-minted to our Gnosis safe. Here is an overview of the breakdown of our tokenomics
20% Treasury: This will be kept within the Gnosis safe for a multitude of purposes, such as community cases, funding the bridge, etc.
20% Liquidity: We have set aside 20% of supply to be used for our liquidity pool. The pool was opened up with 123k, and will be fed with more $SLIME if it is needed.
20% NFT Staking: This amount of supply is strictly from the amount pre-mined from Squishie NFT staking. This will give 1.5+ years of pre-mining the token, assuming 100% of Squishies are staked.
15% Deflationary Protection: In the event token becomes extremely hyper-inflationary, we have this amount of supply set aside to burn to counter-act this.
10% Game Ecosystem: 100million $SLIME tokens will be dedicated immediately to the Squishiverse. This will fund in-game rewards, prize pools, etc.
10% Team Reserve: These tokens will be initially kept in the treasury for emergency purposes or if there is ever a seed round. In the future, the tokens will be vested for X amount of years (once decided).
5% Staking Reserve: These tokens are set aside for single-sided $SLIME staking and for liquidity providers.
Staking and xSlime
In the Squishiverse, Squishies are not simply staked, they are sent on Adventures! Every day they bring loot and rewards back to our custom L2 solution based on their rarity. In the future, we will continue to implement Staking features and provide incentives to stake.
The Off-chain wallet will be used for earning. This will allow marketplace interactions to be completely gasless. You’ll only have to pay gas if you want to claim the $SLIME and have it in your web3 wallet.
Your Squishie will produce $SLIME each day, and it is timestamp based — meaning it looks at the time of the block your Squishies were staked at, and compares it to the current time in which you want to view your rewards accrued. Rewards refresh instantly, but may be up to 30 seconds because of cache.