Token Dispersal
Last updated
Last updated
There are 3 ways of obtaining SWEET tokens
1) Liquidity Mining
2) Protocol Bonding
3) Initial Stake Pool Offering
Through liquidity mining individuals will be rewarded with SWEET tokens. By holding on to the token, the liquidity providers will be able to charge the Sweet Protocol for liquidity services provided.
The Sweet protocol will periodically sell a limited amount of SWEET tokens in exchange for LP tokens of specific paired crypto assets.
To kickstart the backing of each Sweet Token and to start the Sweet Protocol's we will be conducting an ISPO. The funds raised during the ISPO will be used to start the backing of SWEET tokens and to also start the protocol owned liquidity. Individuals participating in the ISPO will receive SWEET tokens for participating in the ISPO.