Token Application Scenarios

$SQ3 is the ecological token of Squad3 and a key economic driver within the ecosystem. It aims to promote platform activity and growth by incentivizing user participation in tasks and community activities. Users can earn token rewards by completing tasks, participating in squad activities, and airdrops, while publishers (such as project parties) can use $SQ3 tokens as a promotional tool to attract more participants. The $SQ3 token is not only a direct reward for user interaction with the platform but also plays a crucial role in project promotion, reward distribution, and long-term user retention. Moreover, Squad3's token economy design ensures fair distribution of rewards, enhancing user participation and a sense of belonging, making it a sustainable and integral part of the Web3 ecosystem.

Task Margin: Event resource providers pay a sufficient amount of $SQ3 as a margin to create and publish tasks. Smart contracts automatically lock a sufficient amount of $SQ3 to ensure that task teams receive corresponding rewards upon task completion. If the provider needs to end the task early, the smart contract will settle based on the progress of the task, allocate rewards reasonably, and automatically refund the balance to the provider, ensuring that the provider's funds are not lost.

Task Ranking and Exposure: The protocol calculates the reward unit price of the task based on the task volume and margin, and determines the dynamic average unit price by tallying the reward unit prices of the same type of tasks across the network. When event resource providers pay $SQ3 as a margin exceeding the task value (average network unit price), the task will have a corresponding reward rate (such as 120%). The higher the reward rate, the higher the visibility, attracting more squads to participate.

Squad Rewards & Captain Commissions: At task settlement, smart contracts automatically allocate corresponding $SQ3 rewards based on the squad's contribution and level, and the captain can also receive a corresponding commission (30% of the team reward).

Ecological Support: Used to promote the development of platform cooperation projects. It can be used to provide initial liquidity on the Squad3 platform, create trading pairs for cooperation projects through the platform, and ensure that these projects are successfully launched and supported by the market. Secondly, project parties can use these tokens to reduce startup costs and provide rewards to users, attracting more user participation, similar to a startup accelerator model. In addition, ecological support tokens will also be used for joint promotion and airdrops, helping cooperation projects quickly reach more target users through the platform's resources, enhancing community exposure and market activity.

Incentivizing Developer Ecosystem: Developers can earn $SQ3 as incentives by building and integrating new features. This mechanism is similar to project funding on crowdfunding platforms, allowing developers to contribute innovative solutions to the platform and drive technological advancements in Squad3. At the same time, the platform will provide developers with rich APIs and technical support to assist them in development better.

Ecological Governance: Users holding $SQ3 tokens can participate in the governance of Squad3, exercising voting rights to decide on major platform decisions, such as the introduction of new features or adjustments to platform rules. Through decentralized governance, the platform's operations are more transparent, allowing users to truly participate in the construction of the platform's ecosystem.