Shirtum Upgrades Their Tokenomics

Shirtum
3 min readFeb 15, 2022
TOKENOMICS V2

Dear community,

When we chose Blockchain technology as Shirtum’s backbone, we did so with the intention of achieving a solid, transparent and decentralized course of action for our project.

Initially, the token distribution was focused on leveraging our own token to gain access to the biggest clubs and athletes in the world, while competing in our space with some very heavily funded companies. After achieving several A-level signings — some of which you know of and some of which you still don’t — we have decided to focus on bringing more direct value to the community.

That is why we are delighted to announce that we have upgraded our tokenomics with the intention of running a more decentralized project, a project in which the power lies in its community and where the community itself receives part of the value creation by participating in the ecosystem.

TOKEN DISTRIBUTION

In order to fulfill this goal, the tokens that currently reside in the “Marketing” and “Partners” wallets, plus the tokens that were not finally used in our “Founding Players” wallet, will now become part of a new wallet called “Community Rewards”.

These tokens will be used to reward the community’s loyalty and participation within the ecosystem over the coming years. It will allow us to generate a much more appealing APR to all those who trust in the project in the long term by implementing a new staking plan that we will be presenting very soon!

The latest deals that Shirtum has closed are a clear statement of where we want to go, and with Moonlorian we have the marketing side of the project well covered. Together, we are building an ambassador network and new ways of financing our marketing efforts.

On the partner side, working with Entourage and leveraging our existing agreements allows us to be much more efficient in terms of upfront allocations. Therefore, we won’t need the tokens from the two aforementioned wallets (“Marketing” and “Partners”), as we will no longer be using SHI to close deals.

Thus, we will be able to distribute an important share of our tokens to our community in a sustainable and prolonged manner. Our token becomes a store of value for the ecosystem, and the best hands to hold it are those of our community members.

“SHI IS THE KEY is something we have been saying for some time now. Trusting in the growth of the ecosystem will be rewarded and accumulating SHI will give our holders access to the Whitelist that’s being created for our upcoming NFT drops.

We continue working to take Shirtum to the top of the NFT space.

STAY TUNED!

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Shirtum

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