HUDL Passes
Overview
A Hudl Pass is the token created by each and every user on the platform. With a common erc20 interface, HUDL Passes enable both fractional and whole token trading which provides 3 levels of communication and connection messaging between users:
Public Posts: Content and messages broadcast to the public
Private Posts: Content and messages broadcast to holders of a fractional Hudl pass
HUDL Posts: Content and messaging open to only holders of a whole pass token
Protocol Revenue
Buy and sell orders trigger a 5% fee which is split equally between the creator and the protocol.
100% of protocol fees buy HUDL:
30% is burned
30% distributed to HUDL stakers
30% added to HUDL treasury
10% added to liquidity
HUDL Pass dynamics
When a new HUDL pass token is created, it will automatically have the following properties:
1) Using the 1000 true fans theory, each user can issue only 1000 HUDL Passes. Users can select a unique token ticker by securing their account early.
2) HUDL passes will be automatically deployed into a Uniswap v3 bonding curve, enabling a market-pricing dynamic for more valuable creators to charge more and be rewarded more for more premium content. Users can choose to launch single sided liquidity with Passes starting at 0.0001 ETH each, or add additional ETH to the pool to boost the intial price.
3) The HUDL pass factor deliver Passes a 5/5 BUY/SELL/TRANSFER tax which is split equally between the creator and the protocol.
4) 50% of the supply is locked into a 2-year linear vesting schedule, accessible by the contract owner. This supply is designed to do the following:
Supply users with an ongoing form of UBI
Give creators a regular stream of tokens that can be allocated as rewards or incentives
Creators can also chose to burn the new supply if they wish
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