In order to attract users to the Sappchat platform and to benefit from the use of the APP token, Sappchat will periodically distribute APP rewards to holders of the token.
The distribution of APP tokens will be based on the volume of APP tokens managed in their wallets, which are connected to the Sappchat platform and application (serving as the identifiers of users) and on the time APP tokens are hold by their owners. The APP reward model aims at benefitting users and holders of APP tokens not only for the volume of their token holdings at a particular time (as dividends are distributed to stock owners at a given time), but rewards users for their loyalty and use over time. The calculation of the APP token distribution is as follows:
The relative share that each user i will receive from the distributed proportion of the APP token reward, si, is as follows:
The Token Contract and associated audits will be published on a later date on Etherscan. We invite all potential participants to review them for features and functionality.
i
User's index.
AH
The amount of APP tokens held by the user.
TH
The time of holding APP tokens in the user's wallet.
AL
The amount of APP tokens used for financial operations (such as payments, cryptocurrency transfers, conversions and trade).
AD
The amount of APP tokens used to provide liquidity via Sappchat's DeFi.
TD
The time of liquidity provision in Sappchat's DeFi.
w
The weight provided to using APP tokens in financial operations (for example: w = 0.15)
d
The weight provided to using APP tokens as contribution to a liquidity pool in the DeFi (for example: d = 0.25)
(1-w-d)
The weight provided to holding APP tokens in the account without utilizing them for financial transactions.
