Crypto Roadmap
Our goal at Skoot is to become a fully integrated on-chain business.
Currently when Renters use our apps to find a Scooter, they can choose to pay with Crypto via BitPay. Those transactions are settled via USDC to Skoot's treasury on the Ethereum Blockchain. This recording of revenue will serve as the basis for Skoot's Key Performance Indicators to initiate token buy & burns.
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When launched, the $SKOOT token will be distributed to early adopters: Both Renters and Partners. Tokens earned will be via the app and can be redeemed to offset rental fees or claimed for trading on a DEX such as Uniswap
Eventually, all 'meatspace' revenue earned via credit card payment processors will be converted to USDC and included in on-chain revenue. We have a long ways to go until we get to that point, but this is our intention.
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We are currently exploring which blockchain makes the most sense for Skoot. We are considering Ethereum Layer 2s such as Starkware & Arbitrum as well as Polygon, Solana, Avalanche and Terra.