Tokenization of TUUP

Market Cap

Per v1 of TUUP, the market cap shall be 10,000,000,000. This allows anyone to use the platform, while keeping rare features (like rare usernames) expensive.

Supply

The total supply of the token will begin as 314,159,265,359. The total supply can be updated via version-controlling smart contract systems.

Chain & Network

TUUP is chain/network-neutral. So long as a chain/network meets the points of the actual TUUP concept, TUUP can exist on it.

TUUP Token Protocol Functions

We need to be completely aware of the realities of what happens as the burn of TUUP scales, as we will not be able to change the cost of the protocol once set in motion. Here's what to consider:

1. The amount of TUUP token to create an NFT.
2. The amount of TUUP token to "like" an NFT.
3. The amount of TUUP token to "republish" an NFT.
4. The burn amounts for username NFTs of assorted value lengths.

Usernames

Each username will burn an absolute number of tokens. The amount burned will depend entirely on how long a username is.

• 1-character usernames will burn 1,000,000,000,000
• 2-character usernames will burn 240,000,000,000
• 3-character usernames will burn 60,000,000,000
• 4-character usernames will burn 6,000,000,000
• 5-character usernames will burn 200,000,000
• 6-character usernames will burn 20,000,000
• 7-character usernames will burn 10,000,000
• 8-character usernames will burn 1,000,000

User Actions

For user-to-user actions (or NFT direct actions), burning will occur.

1. Following an account (paid 80/20 to account & stake pool) will burn 30,000
2. Send a TUUP NFT (maximum of 420 characters, sans media) (paid 100 to stake pool) will burn 5,000
3. Like a TUUP NFT (paid 80/20 to account and stakepool) will burn 2,000
4. Republish a TUUP NFT (paid 50/50 to account and stake pool) will burn 4,000