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Digital Representation of Participation (Patent Pending) is a new Token Standard being put forth by SOAR.

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The TL;DR is as follows

  • 100% of the Tokens launched by a Founder represents 100% of the Future Value of the Company
  • 5% of Tokens are traded in the Open Market
  • 5% of Tokens are available for Project Growth
    • Marketing
    • Market Makers
    • Exchanges
    • Strategic
  • 90% of Tokens are locked for 3 Months (cannot be touched/moved/enter circulation)
After 3 Months the Founder can access 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 receiving 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
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 no buybacks, then it will eventually have to pay SOAR tons of money. Upon Liquidity Event, Company pays back Debt to SOAR. SOAR may choose what it wants to do with the money.

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SOAR Ecosystem

SOAR’s ecosystem depends on benefitting Holder. 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.