Sing Token is a project on the MultiversX blockchain that create a bridges the gap between the world of entertainment and web 3.0. The project includes a live music component, a community aspect, the ability to make crypto payments, and an NFT booster. The token, known as SING, is the first Romanian blockchain project of its kind.
Early-stage investors and customers of the Sing Band will receive SING VIP, a special type of NFT. These VIP NFTs can be used to receive discounts when renting services from the Sing Band and other associated companies. This creates a unique incentive for investors to hold onto their SING and VIP NFTs, as they can use them to receive discounts on live music services.
The tokenomics of the SING project includes 31.3% for liquidity and public sale, 30.6% for marketing, community, and donation (over a 10-year period), 15% for presale, 13.1% for customers (over a 10-year period), and 10% for the team. This allocation ensures that there will be sufficient liquidity for the token in the market and also a strong focus on community building and marketing to ensure the long-term success of the project.
One of the key features of the #SingToken project is the ability for customers to pay for services with SING. Starting January 1 of this year, advances for signing contracts with Sing Band can be paid with Sing Token. All customers who use this payment method will receive a 15% cash back after the event or 25% if they also have a Sing VIP. in their wallet.
A staking pool is already active on https://www.exrond.com/stake . One of the key advantages of staking Sing Token is the high APR of 100%. This is significantly higher than the returns offered by traditional savings accounts or other investments.
The Sing Token Team is also involved in charitable acts with a Romanian NGO called "Asociatia Dar Din Dar Pentru Suflete Minunate" (The Association Give From Giving For Wonderful Souls).
The team tokens are locked until the end of 2025, with 33% being released on January 13th 2025, 33% on July 13th 2025, and 34% on December 13th 2025 https://dapp.bitxfinance.net/bitlock/vault-vesting/5 . This shows the team's commitment to the long-term success of the project, as they will not be able to sell their tokens until 2025.
The development plan for the project includes activating discounts for the Sing Band and other associated companies and charity acts starting January 2023. In the first 12 months after the VIP NFT distribution, snapshots will be taken, which could potentially double the number of SING coins held by one holder. This creates another incentive for investors to hold onto their SING and VIP NFTs, as they could see their number of coins double within a year.
Upcoming developments for the project include listing on JungleDex.com, a liquidity pool on Maiar Exchange, new collaborations with service providers, new collaborations with blockchain projects, more charities, creating new opportunities for investors. This shows that the team has a clear vision for the future of the project and is actively working on implementing new features and partnerships to increase the utility of the SING token.
Overall, the Sing Token project is an ambitious one that seeks to bring together live music, design, photographers, videographers and DJs in a way that allows customers to get discounts using Sing. The project includes a variety of components, from a live music component to community building and charitable acts, and has a clear development plan. The team's commitment to the long-term success of the project and the incentives for investors to keep their SING and VIP NFTs make this a project worth watching.
The presale is live on JEXchange, and you have the chance to receive a SFT Silver or a SFT Gold card for free. Don't miss out on this opportunity by visiting https://app.jexchange.io/ido/sing
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