Announcing SmartPool

SmartPool
2 min readFeb 24, 2021

SmartPool is an innovative on-chain rewards platform, rewarding existing platform users and providing a launchpad and initial liquidity for new platforms.

Introduction

SmartPool believes pooling together and harnessing the unique strengths of top blockchain platforms will provide a solid base for future projects to anchor their resources and build quality revolutionary technologies.

$SPOOL will be the utility token that drives this ecosystem, and will be offered as a reward for staking various tokens, and will be the core means of distributing $SPOOL.

$SPOOL will be deployed on the Binance Smart Chain Network.

Benefits for $SPOOL Holders

  1. Early bird access to quality and verified projects.
  2. Primary token for IDO access to new projects.
  3. Chance to become a meaningful part of new project’s communities.

Benefits for New Projects

There are five key benefits for new projects who participate in the SmartPool:

  1. Promotion through association with some of the industry’s most recognisable names.
  2. Leverage contacts and industry know-how of some of the most successful funds in the sector.
  3. A ready made community keen to engage.
  4. A diverse customer base.
  5. Capital.

Token Distribution

SmartPool has a total of 8 million tokens; all tokens will be distributed as follows:

  • 40% Staking Rewards$SPOOL distributed by staking into SmartPool staking pools.
  • 25% Endeavour Rewards$SPOOL distributed to community members that provide value to SmartPool and SmartPool projects.
  • 10% Founding Funds$SPOOL reward for the funds putting their name and reputation towards SmartPool. Providing deal flow, contacts and advice.
  • 10% Seed and Strategic Round $SPOOL placed with industry figures to ensure the short and long term health of the project.
  • 15% Operations and Reserves$SPOOL used to provide and manage liquidity on initial listing. Once the pool is sustainable SmartPool will use to assist with the growth and resilience of the platform.

The tokens available for staking are chosen by the founding funds hoping to raise the profile of their projects. All tokens can be withdrawn by staking participants at any point, so that no one is locked in.

Each staking pool provides the same amount of rewards; the amount of $SPOOL a staker receives will be dependent on the amount of funds currently staked.

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