Soul Society Price

Soul Society focuses on developing a Web3 Social ID through its HON token. The project is notable for pioneering a blockchain-based social identity that integrates daily activities into rewarding quests.

This approach aims to revolutionize daily life by adding value to everyday actions and incorporating them into a personalized Web3 experience, primarily through the use of Growth-Type Soul Bound Tokens (SBTs).

The HON token within the Soul Society ecosystem serves as a vital utility token. Although not directly used within the Dapp (decentralized application), it plays a significant role in various activities and transactions within the broader platform. The token is designed to offer unique functionalities, aligning with the project's goal to enhance social interaction and identity in the digital space.

The Soul Society project aims to redefine everyday life by bringing it into a Web 3.0 world, transforming daily activities into a gamified experience that provides value and enjoyment to its users.

Soul Society operates as a Web 3.0 social service that uses a unique approach to integrate everyday life into the digital world. At the core of its system are various elements like Soul Bound Tokens (SBTs), Souls, and Quests, all interlinked to create an immersive ecosystem.

1. Soul Bound Tokens (SBTs): In Soul Society, SBTs represent a user's identity, interests, and achievements. These tokens can be enhanced through ongoing activities, making them dynamic compared to standard SBTs. They are known as Growth-Type SBTs, which allow users to express their preferences and passions in a detailed manner.

2. Souls: The concept of a 'Soul' in Soul Society is a unique classification of elements from daily life, categorized based on their distinct characteristics and meanings. A Soul comprises Quests and SBTs that embody its unique characteristics. Each Soul has an owner who enjoys special rights and benefits within the ecosystem.

3. Quests: Quests are activities reshaped from daily life by Soul Society, each with unique characteristics. By completing these Quests, users earn rewards and SBTs. These Quests are essentially daily activities reimagined as part of a larger, game-like environment.

4. Hon Boxes and Energy Recovery Items: Users can enhance Hon Boxes to a higher grade, which can be used to enhance SBTs. Higher-grade Hon Boxes yield more rewards than lower-grade ones. Users can trade pHON for Hon Boxes and Energy recovery items needed for activities.

5. Future Applications: HON tokens are set to play a central role in the platform's upcoming features, including date matching, group matching, and decentralized ad-tech solutions. This indicates an expansion in their application within the evolving ecosystem.

6. Ownership and Staking in the Soul Society: Ownership of a Soul is determined through a bidding system, where participants must meet eligibility criteria and stake a sufficient number of HON tokens. The owner of a Soul receives rewards based on the Quests associated with that Soul, and these rewards are generated from the activities of other users in the ecosystem.

Soul Society aims to revolutionize daily life with blockchain-based social identities and its Growth-Type Soul Bound Tokens (SBTs). The HON token plays a crucial role within this ecosystem, driving engagement, utility, and value.

The total supply of HON is fixed at 1 billion tokens. Here's a breakdown of the Soul Society token distribution:

1. Community: 45% (allocated for user rewards, incentivizing community growth and engagement)

2. Partners: 26% (strategic partnerships and ecosystem development)

3. Development: 8% (ongoing project development and maintenance

4. Sale: 11% (initial token sale and fundraising)

5. Team & Advisors: 8% (vested for team and advisor compensation)

The token has several distinct uses within the ecosystem, contributing to its value and driving user engagement:

1. Fueling Growth-Type SBTs

HON is the primary resource for creating and growing your Soul Bound Tokens (SBTs). These special tokens represent your achievements, skills, and experiences in the digital world. Using HON, you can:

> Mint new SBTs: Each SBT creation requires a certain amount of HON, reflecting its significance and effort invested.

> Level up existing SBTs: By spending HON, you can enhance your SBTs, unlocking new features and functionalities.

> Customize SBT appearances: HON empowers you to personalize your SBTs with unique visual elements.

2. Participating in Governance

As Soul Society evolves into a Decentralized Autonomous Organization (DAO), HON holders will gain voting rights to participate in key decisions. This includes influencing:

> Soul Society Platform Development: HON voters can shape the future of the Soul Society ecosystem by approving or rejecting proposals for new features, integrations, and improvements.

> Resource Allocation: Decisions regarding fund distribution, rewards programs, and ecosystem initiatives may be subject to HON holder votes.

> Community Rules: HON holders can contribute to establishing and governing the community standards and guidelines within Soul Society.

3. Earning Rewards and Incentives

Holding and utilizing HON unlocks various opportunities for earning rewards:

> Staking: You can stake your HON tokens to earn passive income, potentially receiving additional HON or other exclusive rewards.

> Participating in Quests and Challenges: Within the Soul Society ecosystem, completing specific tasks and challenges might be rewarded with HON tokens.

> Marketplace Fees: In the future, a portion of the fees generated from the Soul Society marketplace for SBTs and NFTs could be distributed to HON holders.

4. Enhancing Your Digital Identity

HON plays a crucial role in building and showcasing your unique digital identity within Soul Society:

> Unlocking Exclusive Features: Holding HON grants access to special features and functionalities within the platform, further enriching your experience.

> Boosting Social Reputation: Earning and utilizing HON for SBTs and achievements can enhance your standing and recognition within the Soul Society community.

> Demonstrating Value: Your HON holdings and SBT collection serve as a valuable representation of your contributions and participation in the ecosystem.

5. Trading Soul Society Crypto on KuCoin

Trade HON crypto against other digital assets on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell Soul Society coin or hold it long-term if you believe in the project's future potential, but only after DYOR.