About SocialTAG

What is SocialTAG?

SocialTAG is a DAO (Digital Autonomous Organization) operating Hashtag registry, Staking & Trading service on Binance Blockchain.

Users can register and perpetually own unique social media Hashtags just like they register & own domain names and use them to mine SocialTAG Coin (STC) (Native platform coin) by participating in daily Hashtag Staking Pool.

Users can exchange SocialTAG Coin (STC) for other crypto-currencies such as BNB, USDT at market rate immediately on SocialTAG Exchange. Users can also trade Hashtags with other users at Hashtag Auction Marketplace in exchange for other cryptocurrencies.

Key Activities

• Register & own hashtag NFTs

Collect unique #hashtag NFTs. Search & check for the availability of the hashtag you desire to register. If the hashtag is available simply register by paying for it. The Hashtag Contract will mint. Primary function of registry is to accept user request to register new hashtag and mint new hashtag NFT token and to deliver newly minted Hashtag NFT Token to user's wallet.

• Stake Hashtags

This service allows users to stake their Hashtag NFT Tokens to mine or collect SocialTAG Coin (STC) based on the Social Media use performance provided by Hashtag Performance Oracles.

• Trade Hashtags

This service allows users to list & receive bids on their hashtag tokens. Users can also send bids on other users listed hashtags.

• Trade SocialTAG Coin (STC)

This is an AMM (Automated Market Maker) based exchange service that allows user to exchange their SocialTAG Coin (STC) with other cryptocurrencies. Users can also earn additional income by depositing various cryptocurrencies into the liquidity pools.

• Stake SocialTAG Coin (STC)

Users can Stake STC and earn LP tokens , get lucky to earn new Hastings in rewards , administration tokens and many more.

• Invite users & earn commissions

This service tracks users invites and calculate their commission. It also manages payments and commission claims made by users.

Hashtag Pre-Sale (HTAG)

Hashtag (HTAG) is the native NFT token issued to users upon the registration of a hashtag.

Each Hashtag minted always contains a unique value provided by the user. Value once assigned to a user cannot be claimed by another user. E.g. If a user registers hashtag with the name value "bitcoin" than another user cannot register hashtag with the name value "bitcoin". This makes Hashtag NFT tokens unique and a valuable collectors item.

Hashtag NFT token can also be staked to farm SocialTAG coins (STC) native token of the SocialTAG ecosystem. Staking output is calculated based upon ranking data provided by performance oracles. User can stake and un-stake their hashtag anytime at their convenience

Hashtag Registry

• What is hashtag registry?

Hashtag registry is the primary service operated by the SocialTAG. Its is responsible for collecting payments and issuing unique Hashtag NFT Tokens to the users.

• How does registry work?

When the user register's a new hashtag with a specific value (e.g. "tesla, fashion, love") the registry mints a new NFT token with the value provided by the user and send that token to users wallet address.

• Can someone buy a hashtag that is already registered?

Hashtag value once assigned will not be re-issued by the registry. All hashtags NFT must have a unique value.

• Does registry make distinction between Language, Upper Caps & Lower Caps alphabets?

Yes, the registry makes a distinction between upper & lower cap alphabets. For example the word "bitcoin", "Bitcoin", "BitCoin", "BITCOIN", "بيتكوين", "बिटकॉइन", "比特币", "Биткойн", "ബിറ്റ്കോയിൻ" will be treated as unique values by the registry. Please be careful about this rule while registering your hashtags. The performance data will be tracked based upon exact match of the word and not the meaning or context of a given word assigned to a hashtag.

Hashtag Staking

Staking is simply a process wherein users deposit their Hashtag NFT tokens into the Staking contract and farm SocialTAG Coin (STC) every hour based upon the performance of their hashtag on Social media. Staker's can claim their farmed SocialTAG Coin (STC) at all times but to a maximum limit of 60 claims. Staker's can also un-stake their hashtag NFT token at any time this will lead to their Hashtag NFT token from collecting any further SocialTAG coin yield. This is the primary function that enables the creation and the distribution of SocialTAG Coin (STC).

• Data Collection

Raw data is collected by calculating the number of unique individual pages indexed by google for each #hashtag for a particular social media platform. For e.g. If we ran a query using google.com search API ( site:twitter.com“#love” ) it will fetch the result for the number of twitter posts google has indexed with a specific #hashtag such as #love included in them. When this query runs every day at a specific time, for instance 12.00 GMT the oracle can calculate the increase in the number of pages indexed on a daily basis. The oracle's job is to store this performance data for each #hashtag on a daily basis from various social media platforms.

• Ranking

The oracle’s use this raw data to compute the rank of each #hashtag on a daily basis based on the number of indexing on that particular day. The ranks of every #hashtag will change based on their performance hence will affect their earnings on a daily basis.

• Grading System

The system places each #hashtag in a grading bucket. The grading system works by dividing the total number of #hashtags by 21. For e.g. If the system has registered 2100 #hashtags then they will be divided by 21 and each bucket will have 100 #hashtags respectively. In such a scenario #hashtags from rank 1 to rank 100 will be in bucket 1 and #hashtags from rank 2001 to 2100 will be in bucket 21. Think of each of these buckets as a grade. So all #hashtags are graded between grade 1 to grade 21.

• Merit

The objective behind placing #hashtags in a grading system based on rank is to reduce the cost on oracles to broadcast data to the SocialTAG Coin (STC) Mining Contract. It also serves the purpose of reducing the number of transactions the oracles have to fire to the staking contract. The base logic being if the system works purely of the ranking based performance then if a #hashtag moved rank from 2,100 to 1 on a given day then oracles would have to fire 2,000 transactions to update the contract as rank of all other #hashtags would have changed. In the grading system this particular #hashtag would have moved from grade 20 to grade 1 but oracles would now just need to update the grade of only 20 #hashtags as only one #hashtag would be displaced from grade 1 as its rank went from 500 to 501. This logic repeats itself down the line up to grade 19 bucket. One #hashtag in and one out of the grade buckets. This allows the system to manage both scale and cost efficiency of the mining process.

• Earnings Calculation

Each bucket has a predefined amount of SocialTAG coin (STC) allocated to it. This is done by applying a bell curve wherein grade 1 #hashtags collects plus 50% of the median value and grade 21 #hashtag collects minus 50% of the median value. Table below shows the exact allocation of SocialTAG Coin (STC) for each grade based on 1,000 SocialTAG Coin (STC) supply per hour and 2,100 staked #hashtags. The hourly supply will change after every halving event. Refer to SocialTAG coin token supply.

SocialTAG Coin (STC)

SocialTAG Coin (STC) is the native/default cryptocurrency of SocialTAG. It has pre-defined production rate and is limited in supply just like Bitcoin or Ethereum. SocialTAG Coin (STC) can be earned by staking your Hashtag NFT token in SocialTAG Coin (STC) Staking Pool.

SocialTAG Coin (STC) Distribution

SocialTAG Coin(STC) Use case

• SocialTAG platform will allow the users to buy/register Hashtags with SocialTAG coins (STC) along with BNB.
• Users can appreciate other users social media posts on the SocialTAG community platform by rewarding STC in the form of likes.
• Users can appreciate other non users social media posts of 500+ likes (twitter, Instagram,etc) by gifting them STC , thus encouraging them to trade on SocialTAG platform.
• Users can Stake STC and earn LP tokens, get lucky to earn new Hastings in rewards, administration tokens and many more.
• SocialTAG platform Marketplace will allow Trading of Hashtags in (STC) only.
• Users can participate in Liquidity Pool farming in STC on SocialTAG platform.

Anti-Dump Safeguard Strategy

An anti-dump safeguard is a mechanism designed to prevent large-scale or sudden selling (dumping) of a cryptocurrency, which could crash the token's price and harm investor confidence. These safeguards are crucial, especially during early stages of a new crypto project. Here's a brief overview of the most effective anti-dump strategies:

• Vesting Schedule Highlights

1. Token to be released gradually overtime for 10 years with halving schedule. Ref...

2. No pre allocation of tokens to insiders, team, and advisors, investors, etc.

3. Token to be released in regular intervals with limited supply and decentralized distribution. thus preventing stacking in few number of wallets, thus further preventing large number of selling .

• Transaction Limits

1. Capping a maximum amount of claims (60 claims) on hashtag staking a miner (hashtag owner) shall on.ly cliam and bring STC in circulation when it is needed the most ,thus preventing more coins in circulation .

Hashtag Auction

Hashtag Auctions allows users to trade their hashtags with each other. The value of trade is decided by the users themselves.

• Hashtag Listing

To auction hashtags users have to list their hashtags on a public hashtag listing. System allows for two types of listing.

1. Pre-defined Listing: Traders can set a default price at which they wish to sell their hashtag. In this case their hashtag will be BNB if another users accepts that price.

2. Open Listing: Traders can also list hashtag without defining a listing price. In this case other traders can send their bids if they are interested in your hashtag. Trader can both accept or ignore bids received on their listing.

• Hashtag Bidding

Bidding system allows hashtag traders to send and receive bids on each others listed hashtags. The bidding system has 4 main transaction types Bid, Buy, Ask, Sell.

1. Bid: Allows buyers to place a bid on a sellers listed hashtag. It is up to the seller to either accept or reject your bid.

2. Buy: Allows buyers to purchase a hashtag instantly in case seller has predefined price of a hashtag he wishes to sell.

3. Ask: Allows seller to pre-set price of a hashtag he wishes to list. In case a buyer accepts your price the trade will be instantly settled.

4. Sell: allows sellers to pre-define price of hashtag they wish to sell. In this instance the buyer can make an instant purchase of sellers hashtag.

• Trade Settlement

This system acts as an escrow service for hashtag traders. It will take possession of both hashtags as well as Tokens traders use to make a listing or place a bid. Upon completion of a trade it will swap asset ownership between two traders wallets automatically.

SocialTAG Exchange

The SocialTAG Exchange is made up of three services.

• Token Swap

Token Swap is a decentralized AMM (Automated Market Maker) based exchange service that enables users to swap their SocialTAG Coin (STC) for USDT or BNB tokens. User simply has to go to the interface select token they wish to buy or sell than select a token that they wish to trade against. Example: User wants to buy SocialTAG Coin (STC) using USDT. The interface will show you current market rate on the interface for the selected pair. Now user simply has to click on swap and system will automatically settle this trade for them.

• Liquidity Pools

Liquidity pools, in essence, are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity and are extensively used by some of the decentralized exchanges. Users called liquidity providers (LP) add an equal value of two tokens in a pool to create a market. In exchange for providing their funds, they earn trading fees from the trades that happen in their pool, proportional to their share of the total liquidity. Liquidity pools work automatically without the need for counterparty to execute trade.

• Liquidity Farming Pool

Farming provides additional incentive to users over the commission they already earn adding liquidity to the liquidity pool. Users also earn SocialTAG Coin (STC) every hour along with the commission they collect from the trades taking place on the exchange.

SocialTAG Explorer

SocialTAG Explorer is a critical service that allows all platform users to access critical hashtag performance data. Think of it as a open public ledger that enables all participants to check all transactions related to a hashtag. List of transactions recorded by SocialTAG Explorer are:

• Hashtag Social Media Performance Count.
• SocialTAG Coin (STC) Earnings From Staking.
• Hashtag Transfers & Trades.
• Staking Claims Received.
• Claims Minted & Dispatched.

SocialTAG Explorer also maintains aggregated records or indexing of hashtag data such as:

• Mining Data.
• Performance Data.
• Social Media Indexed Pages Data.

Invitation Program

The SocialTAG Invitation program creates an residual income opportunity for all the protocol users. SocialTAG has built a decentralized Invitation Program using which users can earn commission for every Direct and Indirect Referral invites they accumulate.

This is achieved by making it mandatory for all new users to provide a referral address in order to join and buy a hashtag on the SocialTAG. In the process protocol converts all it's users into a business partner by aligning their success and protocols success together.

The process of referring a new user is simple, just share the wallet address with which you purchased your own hashtag with another user. They just have to enter your wallet address in "provide invitation code" input box while purchasing their own.

Once the new user makes a hashtag purchase the payment is deposited within the Protocol treasury and fresh NFT token is minted and sent to the user wallet. The Treasury also calculates and updates inviter/referrers commission based on their account rank.

The inviter/referrer can check all their outstanding claims from the treasury with the app interface and claim their commission instantly by broadcasting a claim transaction to the treasury contract. Treasury sends the commission directly to referrers registered wallet address.

Your invitation/referral income just does not stop there. users also earn further referral income when users they referred to the protocol further refer other users to purchase a hashtag.

The income referral income generated on SocialTAG can be classified into two group Direct and IndirectInvitation/Referral income.

What is direct invitation/referral income?

When a new user makes a purchase of hashtag directly using your invite code it is considered direct referral income.

What is indirect invitation/referral income?

When a user you invited to the protocol invites a new user to the protocol you also may claim part of the sales commission based upon the rank of your wallet address. This income is referred to as indirect invitation/referral income.

What is wallet rank?

Wallet rank is simply a grade or level assigned to your wallet to calculate commission due to you by the treasury. The rank of your wallet depends upon the calculation of your direct and indirect hashtag sales. The more sales you and your invited users make higher the rank of your wallet.

How does system calculate my indirect invitation/referral income?

Indirect referral income calculation chart.

You earn indirect commission based on rank difference.

Roadmap Highlights