Welcome to the Neighborhood!
Community and crypto go hand in hand. A token is unlikely to be successful without the strong support of its holders, especially across social media, and if you’ve traded crypto, you’ve likely been a member of at least one Telegram group. Telegram can be a beautiful thing for token developers. It allows them to directly interact with holders and interested investors, announce exciting news, and receive valuable feedback on their progress. After hanging around in one of these groups, you tend to see the same things being asked by people wanting to lock down their investment as 100% Safu. The team behind Main Street ($MAINST), a developing token preparing for presale, saw one question jump out at them repeatedly: “Why should we hold?”
What Makes Main Street so Unique?
$MAINST has developed a creative answer to this question: Create a token with high utility while bringing value to dedicated holders and developers across the Binance Smart Chain. Main Street acts as an umbrella community for holders to discover new investments, from high use-case, to new and unvetted. Its ecosystem will host several elements built around the idea of a digital “town”. The cornerstone of the project is the Main Street Neighborhood.
In The Neighborhood, holders will be able to research and purchase high-use-case tokens promoted by Main Street. These tokens will be approved through a tenant application process, with additional research being conducted behind the scenes through talk with token developers and their teams about their commitment and long-term goals for their project. Main Street wants to pluck valuable investments right out of the crypto galaxy and place them in your hands. This brings value to Main Street as partnerships are forged upon trust and a token’s use, but also benefits the creators of tokens who are out there providing valuable services. Main Street has already partnered with two high-use case tokens, PandaDex, ($SPANDA) who provides a streamlined token charting tool, and SafeGorilla ($GORIL), a charity token using part of its taxes to go toward Gorilla conservation.
Launching a token is arduous work. Developers often spend weeks planning, implementing a utility, and testing before they can bring it to life and their time and effort should be rewarded. Through the Neighborhood Tenant program, when a token is approved for the partnership, they will be offered a marketing package from the Main Street team. Marketing and promoting tokens that are approved shows that Main Street is willing to put their money where their mouth is. They don’t want to just slap something developers put their blood, sweat, and tears on across their website, they want to help developers spread the good news! Main Street offers tokens a marketing and promotions launchpad to boost traffic, reveal exciting news, and pick up steam during slow periods. They believe that offering benefits for tokens with a strong utility will make more developers steer clear of launching a project with no product. Now, for every yin, there is a yang, and Main Street has a little something up its sleeves for the more adventurous trader.
The Main Street Alley
In the Main Street Alley, holders will be able to view newly listed and unvetted tokens recently released on the BSC. For investors keen on flitting around in the wild west, this place is for you. The Alley is a no-holds-barred carousel for finding what’s fresh, so tread lightly! The Alley will provide its users the charting data for new tokens, as well as links to purchase. In addition to The Neighborhood and Alley, what’s a town without a few shops?
The Main Street Shops will open a little later down the road map as relationships are made with media, gaming, and gambling entities. This will round out the three main building blocks of the Main Street Project, encouraging its holders to “Buy. Stay. Play.” Now, let’s get down to brass tacks, what is the utility of the actual $MAINST token and how do the tokenomics play out?
Any project can list off bells and whistles, but at the end of the day, we all want one thing: return on our investments. The Main Street tokenomics are not complicated, but give you a glimpse into how the token itself will bring value to the project. Liquidity is locked for one year with DxSale, as well as the three developer wallets. $MAINST has a 10% tax. 5% is burned forever, increasing the value of the token with every transaction. 2.5% is redistributed to its holders, this acts as a nice little whale tax and reward for those who stick around for the long haul. Finally, 2.5% goes to the Main Street Marketing Wallet.
Main Street’s main function is to provide marketing and promotions to its partners so only the highest caliber projects are offered to its investors. When a Neighborhood Tenant lists on Main Street, they will pay “rent” for their placement on the website and chosen Marketing Package. The payment is received in $BNB, and sent as $MAINST directly to the Marketing Wallet. When this payment is sent into the Marketing Wallet, it, in turn, provides returns to holders by being subject to the tax. There are a few important things to note here:
If partners were to pay rent by buying $MAINST directly, they could dump their tokens and damage the value of $MAINST. By paying in $BNB the Main Street team can directly transfer to the public Marketing Wallet for anyone to see. To add further verification that this process is trustworthy, every transaction will be listed on the Main Street Blog weekly. The transfer of $BNB will directly correlate to the listed Marketing Packages on the website, and the payment to the Marketing Wallet is open to the public.
If you are like me, you may be asking, “What if the Marketing Wallet begins growing massively?” This issue will be resolved by Main Street community engagement competitions, airdrops, and lotteries. Main Street has months-long promotions planned to keep the token exciting and give back to its holders. Combined with transparency being the backbone of their White Paper, the community always wins. A good example of the type of promotions $MAINST will look to push out with their Marketing funds is the current $2500 Twitter Giveaway running with BSC Times!
📢Announcing a collaboration with @BuyMainStreet 🥳$MAINST is a Defi Deflationary currency on #BSC 🔥🔥🔥— BSC 🔶 Times (@BSCTimes) June 23, 2021
To celebrate, they are giving away $2500 BUSD to 5 winners ($500 each) 🤑🤑
Largest @BSCTimes GAW ever!😱🚀⁰
✅Like & RT
✅Ends in 7 days pic.twitter.com/KIzLgSCcsb
Investors in the market today do not dive right in without asking questions. The high number of scams in crypto makes it a necessity for us to do solid research and get the big details right. Holding a token with high utility can ease the concerns of buyers by providing them an immediate product attached to their dollar. Main Street kills two birds with one stone by being a high utility investment on its own and additionally featuring partnered strong use-case investments to its holders. When you wrap that up with a development team dedicated to transparency and high community engagement, Main Street is a place you can easily call home.