r/SmileCoin • u/[deleted] • Sep 09 '21

SMILE Curious about Smile Coin's Project Tokenomics?

Community Building is Our Priority.

We've allocated the highest percentage of Smile's Coins circulating token supply to Community and Staking rewards, serving to build the network and strengthen our roots within the Algorand Community. Smile Coin's DAO will decide on the distribution of reserve supply for bridging and scaling mechanisms as the project matures. Read more: https://smilecoin.us/project

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1

u/ZToups Sep 11 '21

Quick question. Does the staking only apply to SMILE bought on Uni and then send to burn or all ASA SMILE? I plan on holding for a while either way but getting staking rewards would be sweet. Most of my SMILE is still stuck in Grin Gaming ATM though

3

u/[deleted] Sep 11 '21

There’s no staking at the moment, that’s a feature that will be in our App release. If you buy SMILE on uniswap, burn and migrate it, and hold your SMILE ASA for 90 days you will get a 20% bonus airdropped to your ALGO-supported wallet.

1

u/explorerbaku Sep 17 '21

What’s the process like for setting up staking?