Petso
  • WELCOME TO PETSO
    • Objective & Goals
    • Mission Statement
    • Statistics
    • Problem - What challenges are we addressing?
    • Benefits of a Blockchain-Enabled Pet App
    • Core Features and Functionalities
    • Privacy & Security
    • Expected Impact and Future Growth
    • Market & Customer Segment
    • Team
    • Roadmap & Milestones
    • Pet Ancestry Insights
    • Charity and Social Impact Initiatives (CSR)
    • Financials
    • Petso Revenue Model: Comprehensive Overview
    • Global Pet Registration and Information Sharing with Governments
  • Core Technology
    • Decentralized Identifier (DID)
    • Zero-Knowledge Proofs (ZKPs)
    • Artificial intelligence (AI)
    • Non-Fungible Token (NFT)
    • Blockchain and Digitisation: Transforming Tomorrow
    • Token & Reward System - Gamification
    • Staking, Governance & Voting
    • Voting Portal
  • Product Features
    • Birth Records & Ancestry DNA Data
    • Health Records and Tracking
    • Appointment Scheduling and Reminders
    • Health and Wellness Monitoring
    • Emergency Information
    • Ownership and Consent Management
    • Training and Behavioral Tracking
    • Social and Community Features
    • Educational Content and Resources
    • E-commerce and Product Recommendations - Marketplace
    • Integration with Wearable Devices
    • Pet AI Assistant
    • Pet Cemetery
    • Pet Investment Plan
    • Virtual Adoption
    • NFT-Driven Quest & Investor Reward Programme
  • Tokenomics
    • $PET Token Utility
    • $PET Token Allocations
    • $PET Token Analysis
    • Buy-Back and Reward Distribution Policy
  • Getting Started
    • Quickstart
    • Publish your docs
  • Basics
    • Editor
    • Markdown
    • Images & media
    • Interactive blocks
    • OpenAPI
    • Integrations
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  1. Tokenomics

Buy-Back and Reward Distribution Policy

Petso is committed to enhancing the value of its $PET token ecosystem while ensuring long-term sustainability and user engagement. This Buy-Back and Reward Distribution Policy outlines how a portion of subscription fees will be utilized to repurchase $PET tokens and distribute rewards within the app.

1. Objectives

  • Stabilize and support the value of $PET tokens.

  • Create incentives for user engagement within the Petso app.

  • Foster a self-sustaining ecosystem fueled by recurring subscription revenue.

2. Allocation of Subscription Fees

  • A fixed percentage (10%) of all subscription fees collected from users will be allocated specifically for the $PET token buy-back program.

  • The percentage allocation will be reviewed quarterly to ensure optimal tokenomics and ecosystem health.

3. Token Buy-Back Mechanism

  • The allocated funds will be used on a periodic basis (e.g., monthly) to repurchase $PET tokens from the open market.

  • Buy-back operations will be conducted transparently, and relevant data will be published on Petso's official communication channels.

4. Reward Distribution Framework

  • Repurchased $PET tokens will be redistributed within the Petso app in the following ways:

    • Loyalty Rewards: Tokens will be awarded to active subscribers and engaged users.

    • In-App Activities: Users completing specific milestones, challenges, or activities will receive token rewards.

    • Referral Program: Tokens will be offered as incentives for referring new users to the platform.

5. Transparency and Reporting

  • A detailed quarterly report will outline the buy-back volumes, distribution statistics, and impact on the ecosystem.

  • Audits may be conducted periodically to ensure the integrity of the buy-back and distribution mechanisms.

6. Policy Adjustments

  • Petso reserves the right to adjust the percentage allocation and distribution mechanisms based on market conditions and business objectives.

  • Any significant changes will be communicated transparently to the Petso community.

Conclusion This Buy-Back and Reward Distribution Policy is designed to ensure that Petso's subscription-driven revenue directly contributes to strengthening the $PET token ecosystem and fostering long-term engagement from users.

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Last updated 5 months ago