sTOKEN Utility

Cross-Chain Capabilities

Leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Spore Labs facilitates seamless asset transfers and interactions across multiple blockchain networks.

Ethereum and Base Integration:

NFTs are locked on the Ethereum network, and fractionalized tokens (sTOKENS) are minted on the Base network. This approach allows users to bypass the high gas fees associated with Ethereum transactions while still benefiting from cross-chain functionality.

Token Tax and Revenue Generation

sTOKENS incorporate a unique revenue-generating mechanism through token taxation, which supports the ecosystem in various ways.

Transaction Fees:

A small fee is applied to each sTOKEN transaction. The collected fees are then redistributed to fund operations, increase liquidity, and provide revenue sharing to token holders, ensuring continuous support and growth of the ecosystem.

Automated Market Maker (AMM) Integration

sTOKENS can be traded on decentralized exchanges like Uniswap, providing liquidity and market access for fractionalized NFTs.

AMM Trading:

By enabling trading on AMMs, sTOKENS offer users easier and quicker access to fractionalized NFT assets. This integration enhances liquidity, making it more convenient for users to buy and sell fractions of high-value NFTs.

By implementing these features, sTOKEN contracts provide a comprehensive solution for fractionalizing NFTs, ensuring secure management, cross-chain capabilities, and sustainable revenue generation.