Understanding P00LS Creator Tokens
About Creator tokens, standard parameters, security
P00LS Creator Tokens
P00LS Creator Tokens or P00LS tokens are ERC20 tokens that are issued by Creators on the P00LS protocol and distributed to their engaged audience. It’s the equivalent of miles for an airline miles program or points in credit card point systems.
Each Creator has their own token. A token represents a Creator's economy and ecosystem (see Understanding P00LS). It tracks community engagement on all the platforms a Creator is active on, all the NFTs they create, and all the tools they use to map and index their community.
P00LS Creator Tokens share the same initial characteristics:
They all share the same token settings
They all start as non-transferable tokens
They are all distributed weekly to holders who have proved their engagement (see Token Distribution)
They can be used on any web3-compatible platform or app (see Token Utility & Integrations)
Future-Proof
The characteristics of a Creator Token can easily be modified over time and after the token is minted. Through the Creator portal, you can at any time:
Change token rewards and token economy
Change who can receive and send tokens
Increase or decrease token supply
Add, remove or modify token allocations
Important: The only thing that cannot be changed after minting is the Token Name.
Security
Every P00LS token is derived from the same smart contract deployer.
Token smart contracts have been fully tested and audited by the audit firm ByteRocket.
All P00LS smart contracts are available on our Github.
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