TEETH is a deflationary utility token used to pay for various activities in Smol Sharks ecosystem, such as:
Playing the Ocean Zero game.
In every aforementioned activity a certain portion of $TEETH will be burned forever permanently decreased the supply.
The only way to earn TEETH is to play the Ocean Zero game.
# of tokens
% of total
20% of total supply is held in Treasury Reserves.
The Smol Sharks team will determine if and when these reserves are used, which may include:
Burning the tokens to reduce overall supply of TEETH, Equity raises conducted by the team to fund expansion, Scaling Smol Sharks team, Funding to acquire partners and incubate new projects, Funding of NFTs to boost the Smol Sharks treasury.
Ecosystem fund and player rewards
Used to incentivize players and partners
Liquidity Pool, LP and Nitro pool incentives
10,000,000 TEETH will be used for liquidity bootstraping
Distributed over 36 months on a back-ended curve to the core team. If a team member ceases active involvement in Smol Sharks, any remaining TEETH entitlement is transferred to the Treasury.
Distributed over 36 months on a back-ended curve to community contributors. If a contributor ceases active involvement in Smol Sharks, any remaining TEETH entitlement is transferred to the Treasury.
Will be used for marketing and promoting the Smol Sharks ecosystem.