Tokenomics
Introduction to $SGT
$SGT serves as the core asset of the Starglow ecosystem, facilitating diverse interactions between artists and fans within the platform.
🔧 $SGT Token Utility
🎯 1. Meaningful Task Participation
Earn $SGT by completing activities that contribute to an artist's success.
Users receive $SGT rewards for completing specific tasks assigned by the artist or the platform. Examples include:
Streaming new releases
Sharing content on social media
Participating in events
Promoting the artist within fan communities
🗳 2. Voting Participation Rewards
Take part in fandom decision-making and earn tokens.
Fans are rewarded with $SGT for participating in community votes that reflect collective decisions regarding an artist’s direction or activities.
🛍 3. NFT Purchase Rewards
Receive bonus tokens when purchasing NFTs.
When users purchase specific NFTs, they are rewarded with additional $SGT, encouraging greater participation in the ecosystem.
🔒 4. Staking
Lock your $SGT and earn rewards along with exclusive benefits.
Users can stake their $SGT for a set period to receive additional token rewards. Stakers may also gain access to special perks such as:
Early access to exclusive NFT drops
Enhanced voting power
Premium fan privileges
🧾 5. NFT Payment
Purchase artist NFTs using $SGT.
Some NFTs are available exclusively for $SGT. Users may receive special discounts or access to limited editions when purchasing with $SGT, increasing token demand.
📣 6. Fandom Campaign Incentives
Support fan-led activities with $SGT incentives.
Artists or partner organizations can use $SGT to incentivize specific fan-driven campaigns (e.g., challenges, viral promotions). A portion of the tokens used for these activities may be burned, reducing overall token supply.
🔐 7. Voting Access Fees
Use $SGT to participate in key decision-making votes.
Certain major artist-related decisions require $SGT to vote. A portion of the tokens used for voting will be burned to preserve scarcity and long-term value.
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