SXDA Paper.

Something clever goes here about SXDA.

Preamble

The cheesesoda x (SXDA) is the official meme token of the 1hvndred community, and it is the replacement of the low-level governance token ($SODA) for the cheesesoda network DAO. With its high total supply, the cheesesoda x token invites any level of crypto enthusiast to enjoy the memes.

Purpose

The primary purpose for the SXDA token will be its utilization as an egotistical flex of cheesesoda. He wants everyone to HODL a little piece of him, regardless if the token itself holds much value. Holding the SXDA token will allow members of the community bask in the glory that is cheesesoda and his legacy he leaves on the Solana ecosystem.

In other words, you absolutely should not HODL $SXDA if you expect the token to gain value over time. At least, monetary value. The token will always hold value because cheesesoda and his legacy are eternal. There's no escaping this reality, and your wallet full of $SXDA will stand testament to that fact.

Community

Rewarding community members for engagement is a great way to encourage a happy and healthy community as well as an engaged and active community. The cheesesoda will encourage this through the usage of a(n eventual) tip bot and community events and promotions that will both use SXDA as a reward. Users will be able to receive varying amounts of the token, depending on the event and the number and scope of their contributions to the community.

The token will be seen far and wide. Whether or not the 1hvndred community wishes that to be the case is of no importance.

Token Pairing

Over time, there will be multiple markets created for $SXDA, namely for use between 1hvndred project tokens. This will be intended to allow users to swap SXDA that they've earned through community efforts for other community tokens. If you wish to trade $SXDA with any other token, this can always done through the use of the Jupiter protocol.

Tokenomics

The cheesesoda x token was minted on December 24, 2023 (exactly 2-1/2 years after $SODA was minted) with an total supply of 100,000,000,000.000 SXDA. The freeze and mint authority are both disabled for the token.

Any holders of $SODA as of December 24, 2023 will receive the same volume of $SXDA tokens (1:1 ratio).

There are no specific breakdowns for allotments for the cheesesoda x tokens. 100% of the tokens can and will be used for various things at various times. If there is ever a need to be more specific and have a rigid breakdown of the token, that can be added at a later date.

Token Mint Details

Token Name:
cheesesoda x
Token Symbol:
SXDA
Token Mint:
SXDAtsXeT7ELVec1cp7gR7Q1N2rqZJdkH3buKyHZjsn

Roadmap

We have avoided setting any specific roadmap for the SXDA token and the 1hvndred community as a whole. However, we are constantly evaluating project goals and resource allocation.

Since this new token is built off of the back of $SODA, you can see some of the progresses the previous interation saw:

Key events:

  • Founding/cheesesodaDEX (June 21, 2021)
  • $SODA minted (June 24, 2021)
  • $SODA airdrop (July 1, 2021)
  • Sonar listing (July 8, 2021)
  • Tip bot added to Discord (July 10, 2021)
  • Launched cheesesoda verify (August 21, 2021)
  • Rebrand DEX as Black Label DEX (September 3, 2021)
  • $SODA CoinGecko listing (September 19, 2021)
  • Transferred ownwership of cheesesoda network assets (sans-$SODA) to Lumos Exchange/Nimble.

Unrealized goals:

  • CoinMarketCap listing
  • Ape Board listing
  • Rebrand cheesesoda verify as Black Label Connect
  • Building DAO voting system to exist outside of Discord