🪙$SLAG Token

Overview of the SLAG token ($SLAG).

SLAG has NOT launched any token yet. Any updates regarding $SLAG token launch will be broadcast on our on official X account, Telegram channel, and website. See the 'Official Links' section to follow/join our social pages so that you get the latest updates.

Disclaimer: The $SLAG token will have no inherent value and should not be treated as a speculative asset or investment vehicle. The token is for entertainment purposes only.

The token's utility is limited to interacting with SLAG's story engine.

None of this is financial advise. Cryptocurrencies and interacting with cryptocurrencies has inherent risks. Consult a licensed financial expert prior to purchasing crypto assets.

Utility

The primary role of $SLAG is to provide a way to pay for generating stories using SLAG's story engine.

Each story requires tens of millions of LLM tokens = a LOT of computational power. To ensure the long-term sustainability of the project, generating stories will be token-gated. The cost to generate will be priced in USD on the backend, then converted to an amount in $SLAG tokens based on it's market price at the moment of the transaction.

Any revenue generated through this process will be deposited into the SLAG DAO treasury, where token holders can dictate what to do with them in a permissionless, transparent process.

Launch Plans

Launch plans are still in a state of flux and are actively being discussed by the core team. At this time, the plan is to launch the token on Solana using DexScreener's Moonshot launchpad. This would ensure:

• a secure token contract (audit here: https://drive.google.com/file/d/1OKHOhjCdeLCqdf938wV4cUvlr88yDa8d/view )

• permissionless, open sale; "fair launch"

• revoked contract ownership on bonding

• revoked mint authority on bonding

• burned LP

Additionally, we plan to use Meteora as our initial DEX through the Moonshot launchpad, which has the added feature of AirLock:

• LP fees from the pool are airdropped to the top 50 holders

• this is done every 24 hours based on the top 50 holders that day

• this is an automatic process; no need to claim

• to learn more, visit https://docs.moonshot.cc/

Hint: our Telegram Announcement Channel will be where news breaks first.

Token Distribution

Given the amount of time, effort, and resources being put into this project, it should come as no surprise that we are prioritizing the long-term health and growth of SLAG.

Our core team of builders and advisors have collectively managed many CTO's, utility projects, web3 infrastructure development, and have a broad range of skills and experience in careers outside of web3.

As such, we have the tentative token distribution below:

Burned Meteora LP	200,000,000	20%
SLAG DAO Treasury	350,000,000	35%
Core Team & Advisors	100,000,000	10%
Moonshot Fair Launch	350,000,000	35%
TOTAL	1,000,000,000	100%

Important notes on the above distribution:

• The allocations for the SLAG DAO Treasury and Core Team & Advisors will be purchased by the team on launch.

• Within 1 hour after TGE, the core team will:

  • transfer 350,000,000 $SLAG to the DAO Treasury wallet.

  • of the 100,000,000 $SLAG allocated to the Core Team & Advisors, transfer:

    • 20,000,000 (2% of supply) to the Team Multisig wallet.

    • 80,000,000 (8% of supply) to a Streamflow vesting contract, where funds will be vested linearly over a 2 year period.

The creation of the Team Multisig wallet and SLAG DAO is still pending. They will be completed prior to the $SLAG token launch, with all updates being broadcast in our Telegram Channel along with updated information here.

Additional information regarding the SLAG DAO can be found under the Project Info page.