White Paper: Asteroids – Own Your Discount

Executive Summary

Asteroids introduces a groundbreaking concept in the cryptocurrency space with its unique discount coin, Asteroids. Unlike traditional cryptocurrencies driven by market speculation, Asteroids is designed to offer real-world utility by empowering users to unlock discounts on their purchases. Operating within a closed-loop economy, Asteroids allows users to control when and how they reduce the price of goods and services. This white paper outlines the tokenomics of Asteroids, explaining its distribution model and how the allocations will support the platform’s growth, stability, and user engagement.

1. Introduction

The advent of cryptocurrencies has introduced new possibilities for digital transactions and financial inclusion. However, most cryptocurrencies are driven by speculative trading, making their value volatile and unpredictable. Asteroids takes a different approach by focusing on utility rather than speculation. Asteroids, the core currency of Asteroid World, is a discount coin that enables users to reduce the cost of goods and services at participating businesses. By utilizing Asteroids, users have the ability to own their discounts and access instant savings.

This white paper details the economic model behind Asteroids, highlighting its token distribution and long-term objectives for growth, sustainability, and utility.

2. Asteroids: The Discount Coin

At the heart of the Asteroid World ecosystem is the Asteroids token, designed to empower users by allowing them to unlock discounts across a range of goods and services. Asteroids is built on the XRP Ledger, ensuring fast, low-cost transactions, which make it ideal for use in everyday purchases. Whether it’s groceries, electronics, or big-ticket items like cars or real estate, Asteroids offers a unique opportunity to save at the point of purchase.

The goal of Asteroids is to revolutionize the concept of discounts. By earning Asteroids through social media engagement, bartering, trading, and personal transactions, users can unlock instant savings, eliminating the need for temporary promotions or seasonal sales. This makes Asteroids a permanent, reliable tool for discounting purchases.

3. Value Price of Asteroids

Asteroids will be valued at $1 per coin within the closed-loop ecosystem marketplace. This fixed value ensures that each Asteroid coin provides a direct, tangible discount for users. The utility of Asteroids is clear: owning and using Asteroids offers a $1 discount per coin on eligible goods and services, making it a reliable and consistent tool for reducing purchase costs. This approach focuses on delivering real-world value to users, without the volatility typically seen in traditional cryptocurrencies.

4. Tokenomics

∆ ASTEROIDS IS UTILITY

Token: ASTEROIDS 

Tikcer: (Asteroids)

Currency Symbol: (∆)

Network: XRP Ledger (XRP)

Total Supply: 3,000,000,000,000,000 ASTEROIDS

Token Issuer Address: rMyoDGVZE1s9vHm2oarkKd9zW9qQcz6rD6

The total supply of Asteroids is set at 3 quadrillion ∆ Asteroids. The tokenomics are designed to ensure a fair distribution, promote long-term growth, and maintain stability within the ecosystem. The total supply is divided into three primary allocations:

4.1. Owner Allocation (33.33%)

• Total: 1 Quadrillion ∆ Asteroids
• Purpose: The owner allocation is reserved for the core development of the Asteroid World project. This includes project development, marketing efforts, and team compensation. The goal is to ensure the growth and success of the platform, drive adoption, and create long-term value for all stakeholders.

4.2. Reserve Allocation (33.33%)

• Total: 1 Quadrillion ∆ Asteroids
• Purpose: The reserve allocation serves as a stability fund for Asteroids. It is held in reserve to support the long-term growth of the ecosystem and maintain the stability of the token’s value. These tokens will be used strategically in the future to support platform initiatives, partnerships, and to ensure liquidity and market stability when needed.

4.3. Ecosystem Allocation (33.33%)

• Total: 1 Quadrillion ∆ Asteroids

• Purpose: The ecosystem allocation is the largest portion of the total supply and is crucial for fostering community engagement and platform development. These tokens will be distributed through various mechanisms, including:

  • User Engagement Rewards: Users will earn Asteroids through their engagement on the Asteroid World platform. This includes liking, sharing, commenting, and posting content. The more users engage with the platform, the more Asteroids they can earn, which can then be used for discounts across participating businesses.

  • Partnerships: The ecosystem allocation will also be used to incentivize strategic partnerships with businesses and other platforms that accept Asteroids as a means to unlock discounts. These partnerships will help expand the reach of Asteroids and provide users with more opportunities to use their tokens.

  • Platform Development: Part of this allocation will be used to fund the continued development and enhancement of the Asteroid World platform, ensuring that it remains an attractive and user-friendly environment for earning and redeeming Asteroids.

5. Distribution Mechanisms

To ensure that Asteroids is widely distributed and accessible, the tokens will be allocated through a variety of mechanisms:

1. Social Media Engagement: Users will earn Asteroids through their interactions on the Asteroid World platform. Every like, share, comment, and post will contribute to the credit system, allowing users to accumulate tokens that can be used for discounts.

2. Bartering and Trading: Users can engage in bartering or trading with one another, earning Asteroids as part of the exchange. This adds a dynamic element to the distribution model, where participants can earn tokens in non-traditional ways.

3. Personal Transactions: Individuals involved in personal transactions such as selling a house or car can offer Asteroids as a way to unlock discounts for the buyer, creating another avenue for earning and using Asteroids.

4. Partnerships and Merchants: As more businesses integrate Asteroids as a discount tool, the ecosystem will expand, allowing users to redeem Asteroids for discounts on a variety of goods and services. This network effect will help drive adoption and encourage widespread use of Asteroids.

6. Use Cases of Asteroids

Asteroids is designed to be a versatile discount coin that can be used in a variety of ways:

• Instant Discounts: Users can redeem Asteroids for immediate savings at participating merchants, including online stores, physical retailers, and service providers.

• Big-Ticket Purchases: Asteroids can be used for large purchases, such as real estate or cars, providing users with significant discounts when making major investments.

• Social Engagement Rewards: By engaging with the Asteroid World community, users can earn Asteroids as a reward for their social contributions, incentivizing active participation.

7. Roadmap and Future Growth

The roadmap for Asteroids is focused on scaling the platform, increasing adoption, and ensuring long-term sustainability:

• Phase 1: Launch of the Asteroid World platform and the initial distribution of Asteroids through social media engagement.

• Phase 2: Establishment of partnerships with businesses and merchants to enable the use of Asteroids for discounts on a wide range of products and services.

• Phase 3: Expansion of the Asteroids ecosystem to include more opportunities for earning tokens through bartering, trading, and personal transactions.

• Phase 4: Continued development of the platform, adding new features and improvements to enhance the user experience and drive engagement.

8. Conclusion

Asteroids is not just a cryptocurrency; it is a new way to unlock savings and discounts in the real world. With a unique utility-based approach, Asteroids empowers users to control their discounts and make purchases at lower prices. The tokenomics of Asteroids are designed to ensure the long-term success and stability of the ecosystem, with a focus on rewarding users for engagement, fostering partnerships, and supporting the growth of the platform. By owning Asteroids, users gain access to a powerful tool that can reduce costs, promote loyalty, and enhance their purchasing power.

The future of Asteroids is bright, and we invite you to join us on this journey to transform the way we save and spend. Own your discount, own the future.