One billion PRAISE tokens will be distributed to investors over a 50-day rolling launch period. On Day 51, the Praise algorithm will begin sending more PRAISE to existing token holders on a daily basis for 1,000 years. Complete our simple form to register for the auction.
Due to federal regulations, the presale is only available to US accredited investors and Non-US investors.
PRAISE is designed for white labeling and customization. We're onboarding select pilot partners prior to the token's release.
The token will be emitted to holders every 24 hours based on their unique network activity and the NFTs they hold. We call this, "Proof of Engagement" (POE).
PRAISE is a deflating, inflationary token with a fixed supply, approaching zero over time. We've modeled emissions to hit zero after exactly 1,000 years.
Tokens are emitted every 24 hours. For each time block, the algorithm compiles activity across the network. Finally, tokens are emitted in a weighted fashion, per user, based on their actions that day.
Users will receive either above or below the standard emissions line based on their unique activity each day.
User activity is compiled every 24 hours on-chain, which generates rewards in the form of PRAISE
Rewards are weighted by comparing various behaviors across the entire network during each 24-hour block.
Those who bring the most value to the platform get the highest rewards. Rewards decrease slowly over time.
GAMING
Developers could give PRAISE to their players for leveling up, killing the bad guy, etc.—acting as the game currency.
BRANDS
Celebrities, Influencers, and brands could give PRAISE to their most active followers and customers in place of loyalty programs.
EDUCATION
Teachers could give PRAISE to their students for good behavior, extra credit, test scores, creativity, etc.
FUNDRAISING
Retail Investors could give PRAISE to new startups as a form of fundraising or crowdfunding.
BUSINESS
Companies could give PRAISE to their employees for closing a deal, completing a task, building the culture, etc.
COMMUNITY
Communities of any size could give PRAISE to their users as a way to power payments and rewards.
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Praise Token, Inc.® 2023
