Enhancement

$SBB transcends the conventional boundaries of governance tokens. While SBB serves as a crucial governance token, its utility extends far beyond this singular function.

Double Staking Mechanism

• Stake $SBB to earn $BTC or $BNB The groundbreaking aspect of the SBB token is its staking mechanism, this mechanism is not just an elapsed revenue sharing but also the first incentive mechanism that generates BTC revenue. where participants are rewarded with Bitcoin (BTC) as a form of protocol fee revenue. This innovative approach established value in the SoulBound Protocol's reward system. When users stake their SBB tokens, they start to acquire BTC revenue. Users can deposit $SBB into a staking pool. The pool's size varies each day, and the BTC rewards are distributed to users based on their relative deposit of SBB, aligning with the platform’s balanced revenue model.

• Stake $SBB to earn IDO project tokens This feature is specifically designed for $SBB token holders to stake their tokens and earn tokens from IDO projects launched on our platform. This mechanism complements our existing staking system, offering an alternative avenue for our community members to engage with and benefit from the growth of our ecosystem. Holders of $SBB tokens can opt to stake their tokens in a special pool that is distinct from our primary staking system. This pool is exclusively for earning rewards in the form of tokens from IDO projects. A set portion of tokens from each IDO project on SOULBOUND will be allocated to this staking pool. The allocation rate and the selection of projects will be by the strategic objectives of the SOULBOUND ecosystem. The distribution of rewards from IDO projects to stakes will be based on the amount of $SBB they have staked, ensuring a fair and incentive-aligned system. This staking mechanism offers $SBB holders the chance to expand their investment horizons by gaining exposure to a diverse range of new and innovative projects in the crypto space.

Buy-back and Burn: SOULBOUND Protocol requires every project seeking to conduct an Initial DEX Offering (IDO) on the SOULBOUND platform to pay a predetermined fee. The collected fees are allocated to a strategic buyback and burn program for the $SBB tokens. This initiative is designed to reduce the overall supply of $SBB tokens, thereby potentially increasing their value and ensuring deflationary pressure on the tokenomics. This mechanism aligns with our commitment to creating long-term value for our $SBB token holders.

Commitment to the Bitcoin Ecosystem: Grant Allocation from $SBB Token Supply As part of our steadfast commitment to nurturing and contributing to the growth of the Bitcoin ecosystem, SOULBOUND Protocol has designated a significant portion of its resources for this purpose. Specifically, 8% of the total supply of our governance token, $SBB, is allocated as grants dedicated to supporting the Bitcoin ecosystem. This strategic allocation.