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Digital Representation of Participation (Patent Pending) is a new Token Standard being put forth by SOAR. DISCLAIMER: Tokens on, or created by or through, SOAR are… NOT Debt NOT Equity Have NO Inherent Value Have NO Inherent Rights Should NOT be Considered Securities

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The TL;DR is as follows

  • 100% of a given tokens Max Supply (1 billion) represents 100% of the Future Value of the Company
  • 5% of the Max Supply are traded in the Open Market
  • <= 1% of the Max Supply are available for Project Growth
    • Marketing
    • Market Makers
    • Exchanges
    • Strategic
  • **1% of the Max Supply is minted to the SOAR multisig: **EFpLDb2hkvfs6stYNmxJMSoACEUVQKGmz2b7zmJkU2JU
  • The remaining ~93% of the max supply remains un-minted
After 3 Months from issuance, the Founder can mint additional Tokens BUT must:
  1. Submit Request that is Published Publicly:
    • On-Chain
    • SOAR’s Website
    • SOAR’s X page
    • Company’s X page
    • By Email
  2. Wait 72hrs until minting Tokens
  3. Explain 3 Things in Request:
    • Amount: number of tokens being requested (required)
    • Reason: the reason for requesting tokens (optional)
    • Use of Funds: what the money will be used for (optional)

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Debt Mechanics

In exchange for launching token, Company owes SOAR money.
  • Company signs a Debt Agreement with SOAR
  • Upon Liquidity Event the Company must pay SOAR a Debt
  • The Debt is a Percentage of the Company
  • The Percentage amount is the same Percentage of Tokens in circulation relative to the Max Supply
Examples:
  • 12% of Tokens in circulation → 12% of Company value owed to SOAR
  • 7% of Tokens in circulation → 7% of Company value owed to SOAR
  • 5% of Tokens in circulation → 5% of Company value owed to SOAR
To decrease Debt, Company must buy back Tokens from Holders. Company can either:
  • Use profits to grow Company, or
  • Buy back Tokens
Buybacks are meaningful because they are tied to decreasing Debt. If Company does not reduce debt, their circulating supply percentage upon a liquidity event will be the debt owed to SOAR. Upon Liquidity Event, Company pays back Debt to SOAR. SOAR retains the exclusive right to process the proceeds of the debt in accordance with the examples below. NOTE: This is not an exhaustive list.

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SOAR Ecosystem

SOAR’s ecosystem depends on benefitting Holders. SOAR will do its best to always benefit Holders.

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Examples

  • Airdrops
  • Redemptions
  • Inject directly into the chart (buy tokens, potentially burn tokens, etc)
  • Distribute equivalent (or portion) in other tokens
  • Buy back / Burn other tokens
  • Etc.