Celebrity tokens are a new class of digital assets that are also known as “fan tokens,” which are binded to the exclusive utilities bestowed by a celebrity.
Ticker/ Symbol: to be created according to each celebrity
Network: Ethereum (ERC-20)
Maximum supply: 21,000
The goal of celebrity tokens is to create a social and individual economy for each figure associated with Idols, based on offering exclusive products and services that can only be consumed with their respective token, such as:
- Private communities;
- Exclusive events;
- Backstage access;
- Advance tickets;
- And much more...
Idols sends personality tokens through smart contract technology in the Ethereum (ETH) blockchain.
The granting of the right to issue tokens to a certain figure comes from the decision of the Idols team and its advisors, at times the community of supporters may be granted the voting power to decide whether to include a new figure in the ecosystem.
The tokenized celebrity, in other words, the celebrity who decides to create 21,000 fan tokens of themselves, will have access to a campaign management platform and will participate in the following rewards programs:
- 5% of the maximum supply of your own tokens;
- 25% of the fees from trades that wrap your token forever;
- 60% of total ICO revenue will be compensation to celebrity.
1- 5% - Celebrity (Lockup: 1 year);
2- 5% - Idols (Lockup: 1 year);
3- 10% - IDOLS Stakers;
4- 10% - Liquidity;
5- 70% - ICO.
ICO Revenue distribution:
1- 60% - Celebrity;
2- 30% - Liquidity;
3- 10% - Idols.