POLLEN Token
Last updated
Last updated
Assets
Transferability
Token Standard
POLLEN Token
Yes
ERC20
Experience Badges
No
ERC721
Custom Badges
N/A
ERC721
POLLEN Token is a digital asset that is at the centre of the PollenPost ecosystem and aims to ensure the execution of all economic activities on the platform, the sustainability of the platform, user engagement and economic balance. This token plays a critical role both for the execution of transactions on the platform and for rewarding users. Token users enjoy a broader and more comprehensive user experience, enjoying certain privileges and benefits on the platform. POLLEN Token is not only a means of payment, but also form the basis for rewarding mechanisms based on users' contributions and interactions. This rewarding system while increases users' commitment to the platform, contributes to its growth and development, and keeps the ecosystem dynamic and vibrant.
In various areas of use, POLLEN Token performs the following functions:
Transaction Fees: In Pollen Chain, POLLEN Token is used as the transaction fee for all on-chain transactions (transfers, progress payments, purchases, etc.). PollenPost, which has very low transaction fees with the advantage of Pollen Chain, applies different transaction fee rates for different transaction types.
Purchase of Power-up Points: Power-up points can be purchased with POLLEN Token within the Web2 application. These points increase users' used tools, interactions and capabilities on the platform.
NFT-Badge Creation: Badges obtained from the Web2 application can be transferred with POLLEN Token in the Web3 application, which are converted into NFT-badges. This allows users to build their digital collections and accumulate valuable badges.
Rewarding and Incentivising: Based on their NFT-Badge collections, users earn POLLEN Token rewards for their interactions and contributions on the platform. These rewards are regularly distributed from incentive pools.
Revenue Sharing: Partner users participate in revenue sharing based on their activities and contributions on the platform. POLLEN Token is the basic unit of this revenue sharing.
B2B Service Fees: POLLEN Token is used for PollenPost's B2B services (account verification, API service, campaign pool, advertising and collaborations, etc.). This covers the fees charged for the services the platform provides for brands and service providers.
Experience Badges
Experience Badges are badges that enrich the user experience of the PollenPost ecosystem and digitally identify user contributions. The badges that users are entitled to in the Web2 application in return for various posts, activities, contributions and achievements they perform are transformed into NFT-Badges in the Web3 application. NFT-Badges based on experiences and achievements help to keep the platform dynamic and alive by encouraging users' interactions and participation. Each NFT-Badge represents users' experiences and achievements in a unique and verifiable way.
Experience Badges fulfill the following functions:
Rewards and Incentives: NFT-Badge holders earn rewards from incentive pools regularly by PollenPost in return for the social interaction they create based on experience sharing. These rewards are automatically distributed to users' platform wallets as POLLEN Tokens.
Collection and Exhibit: Users can exhibit their earned badges in their digital collections and these badges are highlighted on user profiles, making their achievements and contributions visible and gaining more interaction and prestige on the platform.
Social Proof and Reliability: Visible to other users based on their achievements, these badges provide social proof of the user's credibility and the accuracy of their experiences.
Experience Badges form an important part of the user's digital identity in the PollenPost ecosystem and strengthen the user-centred nature of the platform.
Custom Badges (NFT)
Custom Badges are special NFTs awarded to users during certain achievements, events or campaigns on the PollenPost platform. These badges are produced in limited quantities and are linking with a specific event or achievement. Custom Badges make users' experience on the platform even more special and have a unique value.
The functions of Custom Badges are as follows:
Event and Campaign Identifications: Custom badges awarded to recognise users' participation and achievements during specific events or campaigns.
Rarity and Value: These limited edition badges create a special and valuable digital asset for users.
Increase Community Engagement: Encourages users to participate in certain activities and increases interactions within the community.
Prestige and Recognition: Custom Badges increase users' prestige and recognition on the platform. These badges show that the user has participated in special events and achieved certain achievements.
Rewards and Incentives: Custom Badge holders can benefit from additional rewards and incentives on the platform. This increases users' commitment to the platform.
Custom Badges increase the diversity and richness of the PollenPost ecosystem. They enable users to interact more and have special experiences on the platform, while adding unique value to the user's digital identity.
