◎EYE Coin & NftEyez Tokenomics
About NftEyez.global
NftEyez 👀 is the first NFT Gallery on Solana and one of the most popular NFT galleries nowadays. We have about 4–5k unique daily active users from all around the globe.
👁 NftEyez Token aka ◎EYE Coin
$EYE coin was created and released in Dec 2021 as NftEyez community reward coin with further plans of using it as in-app currency for NftEyez.global and related projects.
Solana Tokan Address is G7eETAaUzmsBPKhokZyfbaT4tD9igdZSmfQGEYWem8Sw
With a supply of 1B tokens it has such allocation:
20% goes to NftEyez Pass owners in form of monthly rewards.
15% goes to marketing needs and community rewards.
10% goes to the team as monthly rewards.
10% is liquidity funds. These funds in pair with USDC are put into a liquidity pool to add value to the token and create the possibility for swapping. This share is not for distribution and won’t be withdrawn.
45% is reserved for further plans in 1 year.
🔄 NftEyez ◎EYE Tokenomics
There are 2 main points in $EYE Tokenomics. First, the main idea behind distribution is to do it via community rewards, it will create a wide token distribution with many holders involved in the project and thus interested in $EYE tokenomics at some level. The second one, the team plans incrementally add utility to $EYE on the NftEyez site and related projects as a preferred payment method. Which will help to keep the token useful and strong in its value.
Up until January 2022, it has primarily been a reward that was given to the community in a few ways. The first, and easiest way to receive $EYE, is to hold a NftEyez Membership Pass. This will allow you to get monthly $EYE drops depending on the number of passes you hold. For example, in December 2021 we have distributed $EYE 16M, or 25k — 50k each pass owner depending on their mint activity. In January 2022, $EYE 18M or 40k to each pass owner.
The second way to get the $EYE token is through activity on Discord and through Twitter with the official @EyezNFT Twitter account. By making suggestions that the team is interested in and help spread the news about the NftEyez platform the team may decide to reward those that make a particularly good impact. Join Discord to find the details.
Of course, you can also acquire $EYE via trading as there is an $EYE-USDC liquidity pool on Raydium if you just want all the benefits that have yet to come without needing to put in the energy to share and build hype around the platform (we know not everyone has a large Twitter following).
As the NftEyez token is very new you will need to enable two options on Raydium before you will be able to trade it for $USDC.
In the ‘Select a token’ window you will need to view the token lists and enable the ‘Solana Token List’ switch. Once you have completed these steps you should be able to search for EYE and see the $EYE token!
If you’re a crypto nerd, you may have already taken a deeper dive into this token and looked at how it is being held. You may have noticed that there is a large amount sitting in only two wallets. Well, rest easy as these are both controlled by the NftEyez team. The $EYE treasure wallet is holding the most tokens as of the time this is written. This wallet is used to drop the $EYE token to pass holders, community members, and the team as described above. The second wallet that has a large amount of the $EYE token is the Raydium liquidity pool. Currently, this holds around 6% of the supply but this is subject to change as more $EYE is traded on the Serum network and more liquidity will be added.
⚙️ $EYE Utility
Okay, but what can the $EYE token be used for you might be asking? Well you’re just in time for me to answer that for you. The $EYE token will be usable to redeem on the NftEyez platform for premium features such as extended profiles and analytics.
Also, it is used as a payment method for marketing listing on NftEyez.global. 50% share of such payments is sent to burn wallet 🔥 to decrease token amount over time and such increase its value for tokens in circulation.
The token is also planned to be usable for other projects that the NftEyez team develops to allow for some benefits to be shared among everyone.
Stay tuned for our upcoming announcements when we get all of those perks and features deployed to the live site! We know you’ll love what you see!
