Showcase is working with a world class team of experts to draft the final version of our Whitepaper, and we will publish updates on that shortly. In the meantime we have been asked by many community members to explain the utility of $SHO. Below is an outline of the main utility for $SHO, although there are several other utility additions including DAO and DeFi integrations that will be included in the Whitepaper. What is Showcase (SHO) | What is Showcase token | What is SHO token
In this article, we'll discuss information about the Showcase project and SHO token
Showcase is working with a world class team of experts to draft the final version of our Whitepaper, and we will publish updates on that shortly. In the meantime we have been asked by many community members to explain the utility of $SHO. Below is an outline of the main utility for $SHO, although there are several other utility additions including DAO and DeFi integrations that will be included in the Whitepaper.
Our Goal with the $SHO utility is to create a system similar to Twitch subs inside Showcase, called OGs, based on the native token $SHO. $SHO Token holders will have the ability to stake SHO tokens on influencers using the Showcase Staking Dashboard available via website. Token holders who stake $SHO on an influencer will receive Original (“OG”) status, including access to exclusive content created by the influencer, exclusive status in the Showcase App and exclusive access to purchase certain NFT Badges.
Influencers in turn receive periodic rewards of $SHO Tokens, proportionate to the amount of $SHO tokens delegated to them by token holders. The Staking Dashboard is based on an Ethereum smart contract which has access to a Token Reward Pool and contains a registry of token stakers. The Showcase application connects to this registry via API to update OG status in-app.
Create unique and rare limited edition badges backed by your brand and sold to your supporters. Badges are permanently secured on the Blockchain and cannot be duplicated or cheated.
Tell your fans you're launching a badge on Showcase
Reach out to your supporters across your social platforms to sell your badge. Apply to become a verified creator to get exclusive access to the creator tool.
Each badge is a custom and unique item built with our easy to use Creator tool, and you can use your own design or work with our in-house team of designers.
Supporters buy your badge, spreading your brand and build your community. Fans truly own your badge and can trade it in the app.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
After the deposit is confirmed you may then purchase SHO from the exchange: ..................
The top exchange for trading in SHO token is currently *..........
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SHO gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
Find more information SHO
🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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