$TIPSY Protocol Unlocks Decentralized Marketing Wallets
Since implemented, the community marketing wallet is typically controlled by a “Dev” or centralized team. Some marketing happens and eventually the community stops caring about the marketing wallet because they can’t use it. This has led to a lot of harvested tokens from unnecessary tax% tokens on the blockchain.
2 years after launch $TIPSY has proved one main thing: Trust. The token contract was Renounced, Liquidity Pool Burned & Abandoned at 2.8 ETH. $TIPSY launched as a SAFU & Decentralized social experiment with friends. After a lot of “wen marketing” messages, some moved on and others stayed to see what the future holds.
The Marketing Wallet? Untouched.
It has been collecting 3% auto-reward farming and grows as the community does. This is the community’s wallet. Now it is time for utility. The $TIPSY marketing wallet will be the first Community-Permissioned Marketing Wallet distributed directly back into the community’s hands.
$TIPSY Protocol is a new dApp that allows any ERC-20 Token developer or token holder to set up a Community-Permissioned Marketing Pool, where their community can withdraw the marketing funds in proportion to their own balance. For example: If a holder has .5% of a token’s supply, and the token’s marketing pool holds 1% of total supply, that holder is entitled to withdraw their .5% of the 1% marketing funds proportionately.
How Do Community-Permissioned Marketing Pools Work?
- Any developer or token holder may sign up to Create a Pool with the Token Address, Name and Total Supply of their community token. Creating a Pool costs a small fee in order to maintain the quality and integrity of listed projects using $TIPSY Protocol.
- Once a Marketing Pool is created, it needs to be supplied with tokens to be claimed by community holders. Anyone can Supply Tokens to a Pool by transferring the given ERC-20 Token of an existing pool to the Protocol’s contract address. This can be done through the dApp, or manually to the contract address. The $TIPSY Protocol smart contract is renounced and Pooled Tokens cannot be accessed. Tokens sent to this Pool cannot be recovered, and will be added to a Pools marketing supply to be withdrawn by its permissioned community.
- Community holders can start claiming their proportionate share of the Marketing Pool after the $TIPSY Protocol smart contract address is supplied with the given token. Claim from a Pool on the $TIPSY dApp by selecting the community Pool to Claim from, then click ‘Claim Marketing’. No double-dipping — a holder can only claim their portion of the marketing pool one time. To prevent abuse and multiple claims, the Protocol has implemented security features to verify account eligibility.
- Coming Soon: Explore $TIPSY Protocol’s Community-Permissioned Pools. Discover communities using the platform based on size of pool funds, amount claimed, volume and more.
Powered by the $TIPSY Token Community
$TIPSY Protocol is an experimental technology built and owned by community holders of $TIPSY Token. $TIPSY Token features a 3% Auto-Reflection which is important to consider in the construction of this ecosystem.
Every time a $TIPSY Token is swapped or transferred, every holder is automatically issued a proportionate 3% of the token volume involved. For example: If 1,000,000 $TIPSY Tokens are transferred to a wallet, 30,000 of those tokens are proportionately distributed to all $TIPSY holders including the marketing wallet.
This means that the $TIPSY Marketing Pool is infinitely auto-supplied, as all $TIPSY transactions will add to its pool.
The $TIPSY Marketing Pool is designed to expand supply forever, but the Protocol limits Marketing Pool claims to just 1 proportionate claim per token holder. This means that as $TIPSY Marketing Pool adds to its own supply infinitely, the amount of token claims (and size of claims) from the Pool will decrease to continue accessibility to future holders.
$TIPSY Protocol has a fee to Create a Pool to maintain quality and integrity of projects listed on the platform. This fee is the only writeable function in the renounced Protocol smart contract, permissioned to only the $TIPSY Token Deployer to be changed over time as platform usage grows. This fee automatically swaps for $TIPSY Token on Uniswap and supplies the purchased tokens to $TIPSY Token’s Pool in the Protocol’s contract address.
The initial application for this protocol is to start by giving utility to community marketing wallets, but is not limited to future applications and utility for tokenized community fund dispersement. The $TIPSY Deployer will be the designated controller of pausing all claims, setting fees and blacklisting addresses who abuse the platform. $TIPSY’s mission for DeFi advancement includes solutions for community funding dispersement through this technology to help reach underdeveloped and unbanked populations.
Unleash the Marketing Wallet to the Community!
Stay tuned for more announcements on $TIPSY Token Protocol.
Follow $TIPSY and Join the Community on Telegram t.me/TipsyProtocol.
Disclaimer: TIPSY is a Renounced Marketing Protocol on the Ethereum Mainnet that holds tokens for marketing pools to be claimed proportionately by exisiting holders of an ERC20 token, not a staking platform for tokens. Tokens supplied to this protocol address cannot be recovered, and will be added to their given community-permissioned marketing pool. TIPSY has reserved access to change the ‘Set Fee’ function, ‘Pause Claims’ and ‘Start Claims’ functions in the Protocol, to protect the platform from exploits and to customize the $TIPSY Community’s reward from platform usage. The information provided shall not in any way constitute a recommendation as to whether you should invest in any product discussed. TIPSY Protocol and $TIPSY Token accept no liability for any loss occasioned to any person acting or refraining from action as a result of any material provided or published.
