🟧4. POPK Token Economy

4.1 POPK Token

With POPK Tokens, anyone can be either creators, viewers, promoters, or sponsors in the POPKON ecosystem, and all participants can earn fair and square depending on the contributions, and everyone can easily access to it.

Expansion of business areas through POPK Token

Cryptocurrency, not the gift item purchase, can remove the cap on purchase amount. Influencers can exchange the sponsored items to cryptocurrency not having to go through the domestic banks, which it contributes to attract global influencers. Also, it is possible to expand ASP partner contracts with heavily leaning on the domestic, and to broaden collaborations with global CP and services to global arena.

4.2 POPKON participants

4.2.1 Content creators

Content creators make high quality of contents. Creators can plan and/or produce web-dramas, movies, streaming contents, etc. When many people watch the content or sponsor the contents, the creator gains proportionate rewards. Also, she/he can mint NFT based on the own content and sells them in the NFT market to acquire POPK Tokens.

Creators can come up with financing by hosting an event based on the acquired POPK Tokens or remitting to virtual asset exchange. Also, they can participate in decision-making of the rewarding system through creator staking pool.

4.2.2 Viewers (content consumer)

Viewers can contribute to good quality content creation by providing inspirations and feedbacks to content creators. One of good examples is acquisition and support of POPK. Viewers in ownership of POPK can participate in decision-making regarding the profit distribution through fan staking pool.

Also, viewers can buy NFT minted by Creators. Fans can support MC for better content quality more actively with the NFT purchase, promote to increase the NFT price, and sell them in the NFT market again.

4.2.3 Content promoter

Content promoter can plan and upload own content plans on the platform and secure financing or lend content creative capacity. If an ecosystem participant like the content promoter’s plan, she/he can support it with the POPK Tokens. Creators themselves can apply to the content planning to join in.

When the content creation project successfully ends with funding, the funding will be fairly distributed among all the participants.

4.2.4 Content sponsors (supporters)

Content sponsors can participate in the ecosystem by funding, renting capitals, creation capability necessary for content production to promoter or creators.

The earnings from the creation produced by sponsors participation are fairly distributed depending on the contribution in the form of the tokens and rewards are given in form of cashing-out/ trade pair

4.3 Participants reward system

4.3.1 Users’ reward system

Users who watch contents are compensated with rewards depending on one’s activities in the platform. Logins, content recommendations, gift-giving of items, and other activities are all quantified and accordingly rewards (POPK Tokens) are compensated for the user’s contributions in the ecosystem. Users are not simply content consumers but now become another participant in the ecosystem and rewards are given depending on one’s activities.

Also, they can also purchase creator’s NFT in whom they are interested, and having and holding NFTs will earn additional rewards, and they can use the given POPK Tokens to gift creators of interest. By this, the definition of production sponsor/investment is formed, and a virtuous circle is created for POPK flow within SocialFi.

4.3.2 Reward system for creators

Every month, creators who have made positive and active influence in the ecosystem are rewarded with POPK Tokens. It is decided by voting in DAO, and the rewarded POPK Tokens will be the driving force to make better contents.

4.4 POPKON staking pool

4.4.1 Creator’s staking pool

POPKON builds individual taking pool. Better quality content a creator makes, greater staking pool APY (Annual Percentage Yield) becomes. APY is further increased as additional POPK Tokens are put in staking.

The reward will be given in proportion of the staking pool, so in order to receive more rewards, creators can continue to produce quality contents or to stake more PORK Tokens.

4.4.2 Staking pool program

POPKON’s staking pool program provides on-chain mechanism for stake groups.

- Share of proportional rewards among staking pools

- Management of stake-weighted voting on-chain protocol

- Acquisition of staking and lock-up tokens

4.4.3. Description of staking functions

- It indicates status of shares.

- It can withdraw staking pool.

- It provides to a staker’s rewards in proportion to staking in possession.

POPK Tokens at the staking pool are kept separately under each participant. If the participant wants, Tokens can be withdrawn with in the limit of own savings.

4.4.4 How to stake

A participant deposits POPK Tokens under the own account of staking pool to create share a pool token. New tokens indicate proportional right to distributed rewards in the staking pool.

4.4.5 How to stake

Once staked, the POPK Tokens cannot be withdrawn until they go through certain processes.

1) The given amount of stake pool tokens will be burn out.

2) Tokens in proportion to the burned stake pool tokens are moved to a retention

safety box from share deposit safety box.

3) Stake withdrawal account is created and stored in the block. If the lock-up time

ends, the owner will present the proof to show that lock-up time ended and be

given a notice that un-stake processing is completed. Then the withdrawal of

stake pool is completed, and PORK Tokens are placed in the user’s wallet.

Active community activities can increase the staking pool. Keep publishing unique and attractive contents can help. POPKON aims for legitimate content creations.

4.4.6 Staking penalties

- Use of someone else’s content without permission

- Uploading of a violent or illegal content

- Abusive action against the community’s guidelines

- Indiscreet slander, negative behaviors, and fraud