SQELON white paper / v1.1

Project overview
Token distribution
Sale rounds
Tokenomics
Revenue share
Airdrop
Square Melons - The Game
NFT collections
Roadmap

Project overview

Sqelon is a utility-meme token on the Solana blockchain, based around the square melon. It incorporates vibrant meme culture, a super-addictive game, beautiful NFT collections, and intelligent tokenomics designed to reward holders and provide positive price pressure. More than a memecoin, more than vaporware - Sqelon is a viable entertainment business model with a very bright future.

Read on to learn about our game, our revenue model, our tokenomics and our future plans.

Token distribution

Wallets:

Burn pool
Listings reserve
Marketing
Team
Operations
Airdrop reserve

Wallet balances on vested allocations may be zero (or less than allocated) while tokens are vested/locked.

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Sale rounds

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Tokenomics

Our token has been carefully designed to provide holders with tons of utility and a great value investment, whilst supporting the wider $sqelon ecosystem. Key factors include:

• Locked liquidity: 52% of the total supply will go directly into locked liquidity.
• Burn pool: we will burn 16.00M tokens in four batches of 4000000, at carefully chosen moments, decreasing supply and increasing token health
• Vesting: all tokens allotted to the project (marketing, team, operations) are vested, unlocking over 12/24 month periods
• Revenue share, buybacks and redistribution - $sqelon holders will be rewarded just for holding. See the "Revenue share" section for details.

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Revenue share

Our project has a number of income streams, including:

• In-game sales - players can pay in-game to boost their score, bringing them closer to earning a Square Melon NFT. The boost price is paid in $sqelon and is roughly $10 USD equivalent, which buys 1000 points. 5000 points earns an NFT. The floor price of Square Melon NFTs, when the collections drop, will be many multiples of the boost price; so the boost offers players an opportunity to pay less, play more, and still get the NFT! Win-win!
• NFT sales - not every NFT collector wants to spend time playing games to get that NFT they desire. Some just want to buy it.
• Sponsorship/ads - we will place short, high quality interstitial ads in the game, from only relevant and appropriate advertisers.

Revenue from all three of these sources will be split 50/50 - half goes into sustaining the project, further game development, marketing, minting NFTs, artwork for new collections, etc; the other half is distributed amongst $sqelon holders, according to their holdings (holding more = more rewards).

Even better, when folks buy $sqelon tokens to pay for game boosts, that raises the token price. Every time someone buys $sqelon to pay for a game boost, the price goes up. So, holders gain a twofold benefit from this revenue share strategy: (1) they get more tokens, and (2) the value of those tokens increases.

When we earn, you earn.

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Airdrop

Airdrop information is coming up soon!

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Square Melons - The Game

Square Melons is a simple, fun, super-addictive browser game suitable for all ages and abilities. It’s a pure dopamine hit, with impactful graphics, fast and intuitive gameplay, awesome sound and an unstoppable rhythm. Currently in private beta, the game will be launched in public beta in Q4 2024.

This isn't one of those P2E template-based games that all look the same - the same character running through the same generated worlds, but with a different face depending on the token (cat, duck...) - Square Melons is an entirely original concept. Think about how impactful Angry Birds was, or Fruit Ninja, or GTA, or Civilisation - games with a fresh, simple new idea. Now you’re in the Square Melons ballpark.

As with all games, people are going to want to play Square Melons simply because it’s free, fun and addictive. But more than that - when their score hits 5000, they get a free Square Melon NFT. This incentive will ensure a fast growing user-base for the game, and in turn bring customers into our revenue streams.

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NFT collections

Square Melon NFTs are derived from the game itself, combining game elements into configurations of unique rarity. They also look super cool.

NFT holders get benefits:

• We're working with a number of IDO and launchpad services to forge airdrop partnerships (Square Melon NFT holders get allocations of new tokens)
• Experimental game feature for launch in v2: if you have a Square Melon NFT in your wallet, you get score-multiples. Instead of 1 point for a win in the game, you get 2. If you have 2 NFTs in your wallet, you get 3 points instead of 1. So the more NFTs you have, the easier it is to get more NFTs.
• New partnerships with fashion brands, games and gaming platforms, NFT projects and other Web3 services will add value to holding a Square Melon NFT.

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Roadmap