P00LS v2
  • THE P00LS PROTOCOL
    • Understanding P00LS
    • Why Creators Use P00LS
    • P00LS Ecosystem
    • P00LS Links
  • Getting Started with P00LS
    • Minting Your Token
      • Welcome to P00LS
      • Announcing Your Token on Twitter
      • Adding Your Token to Your Wallet
    • Token Landing Pages
    • Support Chatbot
    • $00 and Platform Guidelines
  • P00LS Creator Tokens
    • Understanding P00LS Creator Tokens
    • Token Quick Facts
    • Supported Blockchains
    • Transferability
      • Adding an address to your token allowlist
      • Making your token fully transferable
    • P00LS Bridge
    • Guidelines for Liquidity Pools
    • Liquidity Pools
      • FAQ: Liquidity with P00LS
      • FAQ: Common Liquidity Pool Questions
  • TOKEN DISTRIBUTION
    • Understanding Token Distribution
    • Token Economy
    • Token Rewards General
      • Engagement Types
      • Reward Sizes
      • Reward Frequency
    • Standard Settings
    • How Holders can Earn Tezos Rewards
    • Customize Rewards
      • Add New Rewards
        • Add a Hold an NFT Reward
        • Add an Audius Reward
        • Add Farcaster Rewards
        • Add Lens Rewards
        • Add a Mirror Reward
        • Add a POAP Reward
        • Add Sound Rewards
      • Deactivate and Activate an Existing Reward
      • Edit Reward Size
      • Specific Token ID Exception
      • Lens Individual Post Exception
    • Direct Airdrops
    • Token Codes
    • Do Not Send List
  • Token Holders
    • Understanding Token Holders
    • Token Holder List
    • Leaderboards
  • Token Utility and Integrations
    • Understanding Token Utility
    • Utility 101
    • Standard Integrations
    • Premium Integrations
      • Lens Integration
    • P00LS Partners
  • Protocol Fees
    • Protocol Fee Schedule
    • NFT Minting Fees
    • P00LS Premium (coming soon)
  • TOKEN COLLECTIBLES
    • P00LS Starter Pack
    • Token Gift Cards (coming soon)
  • P00LS EVENTS, GRANTS AND CONTESTS
    • Referral Contest - June 2024 (Ended)
Powered by GitBook
On this page
  • About Token Transferability
  • Limited Transferability
  • Token Allowlist
  • Full Transferability
  • Pros and Cons
  • Modify Allowlist & Change Transferability
  1. P00LS Creator Tokens

Transferability

Limited vs Full Transferability, Pros and Cons

PreviousSupported BlockchainsNextAdding an address to your token allowlist

Last updated 10 months ago

About Token Transferability

Transferability refers to the ability of a token to be transferred to addresses (receivers) by addresses (senders). Usually, ERC20 tokens are fully transferable, which means that anyone can send tokens to any address they like.

However, P00LS Creator Tokens start with limited (or non) transferability to begin with, which has some significant, positive implications:

  • P00LS tokens have no fluctuating price and are not speculative

  • P00LS tokens can only be earned - not bought - by holders

  • The biggest token holder is the most engaged community member

With limited transferability, P00LS tokens can be compared to on-chain miles or loyalty points for any community.

Limited Transferability

Token Allowlist

Limited Transferability means that the list of wallet addresses that can send and receive tokens is permissible. The list of allowed senders and receivers constitutes the Token Allowlist. When your token is minted, the only senders and receivers on the Allowlist are P00LS and the creator.

Any wallet address added to the Allowlist on a token contract can send and receive tokens to and from anyone. The Allowlist is bi-directional: any address on the Allowlist is both an allowed sender and receiver.

Through the Creator Portal, you can add new wallet addresses to your Token Allowlist.

Full Transferability

Creators can choose to make their tokens fully transferable at any time through the Creator Portal.

This means that any wallet address can transfer their tokens to different wallets, exchanges, or DEXs.

Full transferability also means a creator or the creator community can decide to add liquidity to the token.

Important: This change cannot be reversed. Once a token is made fully transferable, it cannot revert back to limited transferability.

Pros and Cons

Safety

Limited Transferability is the safest option from a regulatory and security perspective. It considerably limits regulatory risks as well as potential scams or rug pulls.

Community

Limited Transferability is the best option for a healthy community. Token holders have proved their engagement and their involvement in the community of a creator. This reduces the risk of toxicity and the presence of speculators in the token community.

Liquidity

Full transferability is the best option for liquidity. Fully transferable tokens can be added to any exchanges or DEX and be bought and sold by anyone.

Monetization

Full transferability is the best option for monetization. The token has a price that can fluctuate up or down and create monetization opportunities.

Modify Allowlist & Change Transferability

If you are a P00LS Creator and would like to:

  • Modify your Allowlist: Please open a Allow a wallet to receive/send tokens ticket via the chatbox in your Creator Portal.

  • Change your token to fully transferable: Please open a Update token transferability ticket via the chatbox in your Creator Portal.

P00LS Advice: Start with limited transferability, build your community, and assess full transferability later down the line.

⭐