UFeed

UFeed

What is UFeed?

UFeedis the first social media on LUKSO. In UFeed you don't create an account, it works with your ownUniversal Profile.

What kind of Social Network?

We trying to be the decentralized Facebook. Somewhere that you interact with your friends, while accessing to business pages, third-party dapps, events and so many other cool things.

Is there anything else?

Yes! We're building a unique economic structure to bring masses to blockchain by rewarding them to create content in a sustainable fashion.with the LUKSO technology at our at our disposal, the possibilities are unbounded.

Tokenomics

General Info

Bascially we gonna have two tokens$STELOand$POTENCO.

$POTENCOwill be generated by staking$STELO for 42 days. Getting back from $POTENCO to $STELOwill also take 42 days.
This 42 days delay will make sure that people with $POTENCO have long term incentives in the system.
$POTENCO is a non transferable LSP7 and $STELO is a normal LSP7 which can be traded in open market.

Benefits of $STELO?

$STELO is a liquid token, it can be used to make a post global for the maximum visibility.

Other than that our recommendation algorithms will be prefer to suggest people with more$STELO.
Also people can stake their $STELO to receive $POTENCO.

Benefits of $POTENCO?

$POTENCO is a non liquid token. You can only receive it by staking $STELO or unstake it to receive $STELO.

$POTENCO owners have long term incentives in the system, so it makes sense to give them the decision making power.
$POTENCO owners will receive part of the system fees and auction profits as reward, and will also decide how to spent the rest as aDAO.
$POTENCO also have small inflation over time.$POTENCOowners can use theirLikesin the platform to distribute that inflation between content creators.

We understand our tokenomics is pretty complex. We will provide detailed whitepaper and additional videoes to explain it.

Stelo Auction

  • Each auction lasts for 42 minutes, with a new one starting immediately after the previous ends.
  • The starting price for each auction is 4.2 $LYX plus the winning bid from the previous auction.
  • The price decreases linearly over the 42-minute period, reaching zero at the end if no one bids.
  • The first person to bid at or above the current price wins the auction and receives 1 Stelo token.
  • If you bid more than the current price, you'll automatically be refunded the difference.

0m : 0s

0.00 $LYX

Last Bid

0.00 $LYX

Before staking get enabled, the minting price of $Stelo will go to the LukstaBuilders to provide necessary funding for developing the system. After that it would go the DAO treasury.

For increasing the fairness of auction, LukstaBuilders won't participate in the auction, but we probably will buy $Stelo from the open market.