IP3 is the utility token of the CRIPCO platform.
CRIPCO is an NFT marketplace built on Solana.
As the world’s first industry-led DAO NFT platform, it brings together industry stakeholders, brands, artists, influencers, platforms (and others) in the governance of CRIPCO. That way, customers can be assured of the quality, exclusivity, value and utility of their NFTs.
IP3 Token
IP3 is the utility token of the CRIPCO platform. Its primary function is as the medium of exchange between transacting parties. All sales and transactions fees within the Multiverse will be settled in IP3. Beyond this, holding IP3 will grant users certain privileges, benefits etc. when using the platform. Here is a description of the proposed IP3 token utility cases and values:
- Transaction Currency - All sales, purchases and general transactions within the Multiverse will be settled in IP3.
- Pocket Universe Application Fee
- Staking Fee - All NFT universe applications must include a set amount of staked IP3 depending on the size of the collection. If the application is approved, then the corresponding IP3 application fee will be burnt. If the application is rejected, then the submitter will receive their IP3 back minus any fees.
- Voting Incentive - IP3 is used in the application process in order to attract DAO votes and reach the minimum quorum required for a listing. Submitters may attach a IP3 bounty which is shared amongst voting IPD holders upon a completed application (regardless of the result).
- Early-Access to Listings - IP3 holders can receive up to 48 hours early access to new universe listings, offering an exclusive chance to purchase desirable NFTs before they hit the main market.
- DAO Treasury Special Events - IP3 holders will be able to stake their IP3 in return for access to exclusive events, discounts and more, organized by the DAO Treasury.
- Treasury Voting Applications - IP3 can be used to submit Treasury governance decisions to the DAO in conjunction with DAO wallet support.
- Exclusive Multiverse Perks & Benefits - Due to the multiverse’s collaborative approach to integrating brands, creators, companies and more within the DAO, it is anticipated that certain exclusive bonuses, such as discount codes or more can be provided to IP3 token holders.
