Welcome to Smoovie Phone ($SP) : Where DeFi meets Gamefi 📱
Smoovie Phone Whitepaper
Introduction
Smoovie Phone ($SP) is not just a meme; it’s a revolutionary digital ecosystem built around a unique blend of gaming, DeFi, and deflationary tokenomics. The $SP token is targeting generating over $1,000,000 in protocol revenue, which will be distributed to token holders via single-sided staking mechanisms. This whitepaper outlines the core principles, mechanics, and long-term vision for the $SP token.
Three-Pronged Approach to Success
1. Deflationary Tokenomics
At the heart of the Smoovie Phone ecosystem is a strong commitment to deflationary tokenomics. The introduction of mini-games, staking, and other utilities all contribute to reducing the circulating supply of $SP, driving its value up over time.
Mini-Games & NFT Access
Our first mini-game, is an enhanced version of the classic mobile game "Snake," accessible only via the Smoovie Mobile Sim Card NFT. All $SP tokens deposited into this game will be directly sent to a burn wallet, reducing the token’s supply and driving deflation. Future games will follow the same model, ensuring continual buy pressure and volume for $SP.
These games can be accessed through our website, smooviephone.com, which will soon evolve from a 2D map into a full 3D multiplayer world where $SP holders can interact within the Smoovie Phone ecosystem.
Burn Mechanism and Buybacks
Revenue from various mini-games and our platform will be utilized for daily buybacks and burns of $SP tokens, further increasing its scarcity. To date, the burn wallet already holds 2577 $SP tokens, and more burns will follow through continuous revenue generation. With 12.8% of the total supply (42,069 $SP) already burned or locked, this figure will grow as the ecosystem expands.
2. Landmark Mini-Games
Our platform will host a series of innovative games that reinforce the use of $SP and introduce new token dynamics.
Leverage Machine: leveragemachine.xyz
The Leverage Machine is an options trading dApp powered by the Stryke CLAMM protocol. Players can engage in options trading on the $DMT-$WETH pair, choosing to be liquidity providers or options buyers. Protocol fees from this game will be pooled and 100% redistributed to $SP holders via single-sided staking through the Smoovie Mobile Sim Card NFT. Leverage Machine features "easy mode" making it the simplest decentralized options trading protocol ever built.
Layer 3 Racing : Layer3racing.com
Layer 3 Racing introduces our in-game token, Sanko $Silver, and enables players to earn and compound $Silver through gameplay. This mini-game will drive engagement and token demand within the Smoovie Phone ecosystem.
Sanko 420 : Sanko420.com
Sanko 420 is a short-term prediction game where users predict the price trend of macro crypto tokens over 4 minutes and 20 seconds. Incorrect predictions result in $SP tokens being sent to the burn wallet, adding to the token's deflationary pressure.
Sanko Predicts : Sankopredicts.xyz
A decentralized prediction market, Sanko Predicts allows users to deposit $SP tokens to forecast macroeconomic trends. Winners benefit from the losers’ pool, creating a decentralized, user-driven market. A 4% protocol fee on each prediction period will also be sent to the burn wallet, continuously reducing $SP supply.
3. Raw Bun Power – The Bun Farming Plan
Smoovie Phone has secured 50 Sanko Pets Buns, which farm fruit for gold at maximum efficiency. The generated $gold will be redistributed to $SP holders based on their staking deposits via $SP buybacks.
The Bun farming plan follows a phased approach to ensure maximum efficiency:
Phase 1: Accumulation and Expansion: Initial yield will be reinvested into seed purchases to scale up the farming operation.
Phase 2: The Harvest: Once expansion is complete, a higher percentage of yield will be allocated to $SP staking.
Phase 3: Full Distribution: The farm will be fully operational, generating substantial yields for $SP holders.
From the first 12 farming cycles, we expect to generate around 20,000 $gold, equivalent to approximately $172,950 USD. This yield will be distributed to $SP holders via buybacks, accessible through single-sided staking.
Expanding Ecosystem: Over The Counter and Silver Capital Vault
P2P Token & NFT Exchange – "Over the Counter" overthecounter.meme
The Over The Counter dApp offers a peer-to-peer token exchange for low-liquidity tokens, eliminating slippage. This exchange will also support P2P trading of options from Leverage Machine and NFTs. The dApp generates a 0.4% protocol fee on token based swaps, which will be used for $SP buybacks, further boosting protocol revenue.
Silver Capital Vault – LPDFi Vault
Our in-game token, $Silver, will be integrated into the Silver Capital LPDFi vault, designed to generate high APYs for liquidity providers. The vault will automatically balance liquidity deposits in the $DMT-$WETH pair, and the 1% protocol fee will go towards $Silver buybacks. This vault, however, will not be gated by the Smoovie Mobile Sim NFT.
Smoovie Mobile Sim Card NFT Collection ($SMS)
The Smoovie Mobile Sim Card NFT is key to accessing core features of the $SP ecosystem, such as single-sided staking, mini-games, and future gameplay mechanics. Proceeds from the initial NFT mint went toward seeding the Bun farms, further supporting the deflationary tokenomics of $SP. Staking is available at smooviephonestaking.com/stake.
Conclusion
Smoovie Phone is poised to lead innovation on the Sanko Chain, leveraging deflationary tokenomics, engaging mini-games, and advanced DeFi applications to create value for $SP holders. Our roadmap is designed to foster long-term growth while rewarding token holders with sustainable yields. We are committed to continuing our development in line with the best interests of our community, ensuring $SP becomes the top token on the Sanko Chain.
Stay connected with us on our official social channels to stay up to date with everything related to $SP and Smoovie Phone:
Twitter: https://x.com/SmooviePhone
Telegram: https://t.me/smooviephonehotline
Website: www.Smooviephone.com
The Smoove Mobile SIM Card Collection NFT
To unlock the full potential of the $SP ecosystem, users need to hold a Smoove Mobile SIM Card Collection NFT. This NFT provides:
Access to exclusive mini-games and competitions.
Enhanced staking rewards and yield opportunities.
Invitations to community events , one on one options trading lessons and other exclusive benefits.
How to Get Started
Connect a Wallet: Download a compatible wallet that supports Ethereum Layer 3 and connect it to the Sanko Chain network.
Acquire $SP Tokens: Purchase $SP tokens on our supported exchanges or participate in community promotions.
Stake and Play: Stake your $SP tokens or engage in Layer 3 Racing mini-games to start earning rewards.
Explore Our DApps: Utilize our Leverage Machine, LPDFi Vault, and Over The Counter platform to maximize your DeFi experience.
Jump right in
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