Utility Token Summary
- Medical students gain tokens as they enter the ecosystem and use these to learn and exchange value with the community.
- Educators are rewarded in token for adding the medical knowledge and colegiality to the medical metaverse.
- Medical Institutions have the ability to scale their clinical training in an effective manner while token access to VR development and technologies is difficult to be managed within the university setting.
- Companies are enabled to exchange meaningful engagement with there product for token in the esteemed population of medical students and future doctors.
Token Utility Expansion
The $STMD Token drives utility across 4 major stakeholders in the medical community
Medical Learners (students):
- Students earn tokens for onboarding to SimTec MD
- Students earn tokens for completing VR labs and completing learning objectives
- Students use tokens to buy digital/or physical medical equipment from the marketplace
- Students use tokens to buy educational content from medical educators
- Students use tokens to access lab space from virtual hospital
- Medical educators earn tokens for creating engaging educational content
Medical Educators (influencers & teachers):
- Educators get paid in SimTec tokens for their educational VR content they create on the SimTec platform
- Educators may sell NFT apparel and equipment to medical learners in SimTec marketplace
- Rent metaverse land from SimTec MD by staking large amounts of $STMD tokens
- Buy metaverse land from SimTec MD for digital twin hospital
- Charge $STMD for course enrollment
- Students and Educators purchase physical & digital accessories using $STMD
- Medical Institutions can subsidize lab time for students through $STMD purchase
- Token buy-back & lock: Use a percentage of cash revenue to buy-back SimTec tokens from the open market and lock up
- Higher utilization of the platform equates to higher token price
- Influencers no longer need to advertise to monetize. They can be directly reward with the $STMD from medical learners for their content.
The total supply of $STMD Tokens is 1,000,000,000. The distribution of token will be split according to the chat 1 and over the next 4 years according the chat two with the token release schedule.
Chart 1: – Add Ajeet’s supply-side table
Chart 2: – Add pie chart with token distribution percentage
Team: The Team will receive 15% of the $STMD Tokens to be released over a 4-year period to founders and early team members. This pool has a 12 month cliff for the token initial realse. After the cliff token will be vested on a monthly basis uptil 48 months. 5% from this pool will be kept aside in a token option pool to continue to attract and incentivize tallent into the team.
Advisors: Our advisors have opened significant doors for SimTec MD even before launch, and we will be assigning them 5% $STMD Tokens. This pool has a 3 month cliff for the token initial realse. After the cliff token will be vested on a monthly basis uptil 12 months.
Private Rounds (Pre-Sale): 16% of the tokens, representing 160,000,000 $STMD Tokens, will be available to private investors. 6% will be available in the seed round at a price of $0.018 (discount of 55%) and another 10% will be available in the private round at a price of $0.032 (discount of 20%).
Public Sale: A further 1% of the $STMD Tokens in circulation, representing 10,000,000 $STMD Tokens, will become available from an exchange through an Initial Exchange Offering (IEO). The tokens will be available at the public sale rate of $0.040 and this will serve to engage early us of SimTec MDs products as well as providing liquidity for the token.
Strategic Sale: 3% of the tokens, representing 30,000,000 $STMD Tokens, will be available to strategic partners for purchase. These tokens will be available at the sale rate of $0.010 and this will serve to engage strategic partners whose engement is benificial to the network but payment is a necessary part of commitment to the network.
Scholarship Fund: This fund allows for SImTec to reward a select group of medical learners that apply for this fund. $4% of $STMD Tokens, representing 40,000,000 tokens. These tokens will begin to become available on TGE and thereafter vested monthly over 24 months. Select medical students will be rewarded for their pursuite of medical education in VR and act as natural emasitors for the product within their respective institutions.
Educator Fund: This fund allows for SImTec to enlist a select group of medical educators to bring their content and their communities to the ecosystem. This include $3% of $STMD Tokens, representing 30,000,000 tokens. These tokens will begin to become available on TGE and thereafter vested monthly over 36 months. These educators and influencers will contribute their knowledge to enhance the collective medical knowledge of the community. Additionally, they will contribute to the collegiality and mentorship that has always existed in traditional medical training.
Partnership Fund: This fund includes 5% of the tokens, representing 50,000,000 $STMD Tokens, and will be available to partners that are either institutions, metaverse technologies and insitutions. These tokens will begin to become available on TGE and thereafter vested monthly over 48 months.
Ecosystem Fund: In an effort to reward early active users,14% of tokens have been set aside toserve as incentives to increase engagement. These tokens will begin to become available on TGE and thereafter vested monthly over 48 months. Their use includes learn-to-earn, airdrops, and staking rewards. The supply of these tokens will be replenished through an exchange rate on token-for-service transactions inorder to control the supply of $STMD Tokens.
Treasury Fund: This fund includes 22% of the tokens, representing 220,000,000 $STMD Tokens. These tokens will begin to become available on TGE and thereafter vested monthly over 48 months.
Liquidity Fund: This fund includes 7% of the tokens, representing 70,000,000 $STMD Tokens. These tokens will begin to become available on TGE and thereafter vested monthly over 36 months.
Marketing and Rewards Fund: This fund includes 14% of the tokens, representing 140,000,000 $STMD Tokens. These tokens will begin to become available on TGE and thereafter vested monthly over 24 months. This fund we especially be utilized to marketing with the web3 community.