SOT(ERC-20)
Issuer: Suzuverse DAO
Overview: There will initially be four types of Suzu Opportunity Tokens: SOT1, SOT2, SOT3 and SOT4 and...(SOTs)
SOTs allows users to purchase $SGT, the governance token, at a fixed price at a time of past, within a certain future action period, through a special smart contract etc.
*Supply
The total issuance of SOTs will be 10% of the max supply of $SGT (100,000,000 SOTs). In the future, there will be issued additional SOT as necessary by DAO.
Each SOT’s issuance will be based on the exact calculation number.
SOT1 is scheduled to be issued on around December 1, 2022.
*Actionable amount
Smart contract will be set so that the exchange rate of SOT/$SGT (the quantity of tokens, not the price rate) is 1:1.
*Fixed strike price
The market price of $SGT at the next day of last date of calculation term.
*Distribution as reward
*SOT can be obtained as a reward depending on the degree of contribution to the ecosystem. The amount of SOT rewards to be distributed will be calculated by this calculation way.
<The USD valuation at the time of the spendings for buying or the earnings of following fees> / <The $SGT convertible price>
1.Management/Development: Distribute SOT of the same amount as the fee to the development/management team
2. Pre-sale: Distribution of SOT equal to the purchase price to digital collectibles pre sale users
3. Referral: Distribution of SOT equal to the referral(affiliate) fee to the referrer
4. Digital collectibles purchaser: Distribution of SOT equal to the purchase price to digital collectibles purchasers (including purchase of goods with SZT)
**For 2 & 4, SOTd (SOT as digital data, not blockchain) corresponding to each SOT will be issued and distributed, and will be forcibly converted to SOT as a blockchain token when the convertible period arrives. If the user sells the digital collectibles in our Suzu Marketplace before the convertible period arrives, SOTd will expire and the right to be granted SOT will be lost based on sold ratio.
*SOT(1~4) Distribution and exercise conditions
SOT1 contract address:
https://etherscan.io/address/0x5072fda285d9889ef28bcbfc6d9a262a2d66ca99
SOT2 : https://etherscan.io/address/0x17cC9Db9eFCAe1E4955F9090d13f42568e296844
SOT3 : https://etherscan.io/address/0x38E54acd4dd7c975fB047233184BCeb48928bd57
SOT4 : https://etherscan.io/address/0x82486C1eF00880959b0222c6282F4B17C2F84831
*What is SOT Alpha?
SOT Alpha (SOTα) is a type of SOTd, but it can be directly swapped to SGT without exchanging to SOT. Owners of SOTα must keep it for a specific term in order to swap it for SGT. SOTα is a point data and will be distributed to user's Suzuverse wallets on the last day of every month if certain conditions are met. The price of SGT on the last day of every month will be the swap base price. No additional payment required for swap.
*New Distribution Scheme after September 2023 (Decided by DAO voting)
<New conditions for granting SOT(without No.) after September 1, 2023>
◇The conditions used in the existing SOTs(1 to 4) are ended.
◇ The calculation period is every month, and it will be distributed every month by the end of the month following the month to be calculated.
◇The conversion price shall be the closing price of SGT (UTC, Coinmarketcap base) on the last day of the calculation target month.
◇The convertible start date will come a certain time passed after the date of distribution, and will be exercisable for two years from then.
◇Distribution target All purchasers of Suzuverse products will be given SOT equivalent to 100% of the purchase price. Regarding affiliates, up to equivalent to 300% SOT grant of the affiliate fee, from a sales marketing perspective, Suzuverse Pte. Ltd. will be entrusted with the sorting. Development/operation team: Grant SOT equivalent to 100% of each fee.
◇ In addition, changes that can be reasonably judged to be of relatively low importance, such as those related to the distribution format (SOT, SOTd, SOTα), distribution amount, distribution target conditions, etc., will be entrust to the judgment of Suzuverse Pte.Ltd..
*Regarding SOTdx
*To put it simply, SOTdx is an SOT for project management teams such as development and management companies. However, unlike other above SOTs, the SGT that will be the source of the distribution/exchange in the future will be held by the above company (Not from DAO's SGT).
＜For special early founders＞
Max grant: 20,000,000 SOTdx
Conversion price: 1.00 USD
Exercise term: For 2 years from Jan 1st 2026
Monthly maximum conversion amount: 200,000 per one person Issue/grant date: Feb 1st 2023
＜For ongoing operation team＞
Max grant: 30,000,000 SOTdx
Conversion price: 0.00 USD
Exercise term: Unlimited from Jul 1st 2025
Monthly maximum conversion amount: Unlimited
Issue/grant date: Same date as SGT issuance date
＜Distribution rule＞
CEO of the company's decision
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