how $SP69 rewards work, explained simply
5% of all volume on $SP69 is automatically converted into $SPYb (tokenized SP500 by @binance) and distributed to every holder
you buy $SP69. you hold. tokenized stocks show up in your wallet. that's it
how it works:
every buy and sell on $SP69 generates fees. 5% of that volume gets converted into SPYb and queued for distribution. once your rewards hit $4+ worth, they're sent automatically. no staking, no claiming, no locking: just holding
one thing to know:
during periods of really high volume on @flapdotsh, distributions can sometimes lag. your rewards are still tracked and waiting: they don't disappear. they just need to be claimed manually
how to check & claim your rewards:
go to the link below. you don't need to connect your wallet. just paste your address and you can see exactly how much $SPYb you've earned and hit claim
this means if you bought $SP69 through a trading terminal like @gmgnai, @fomo, or any other app and don't want to export your private key: you can just paste your wallet address, see your rewards, and send them to yourself. no wallet connection required
check your rewards here: https://t.co/NBmXPlU3kX
over $150,000 in tokenized SP500 already distributed to 2,000+ holders. check if you're one of them
54% of all SPYb holders were introduced to tokenized SP500 through a memecoin
through $SP69
more than half the people holding tokenized S&P 500 on @BNBCHAIN right now got there because they bought a coin with 69 in the name and found stocks in their wallet
$100,000 in tokenized SP500 rewards distributed to 2,500 holders
a memecoin on BNB chain just distributed one hundred thousand dollars worth of the most trusted index in traditional finance to degens who bought a coin with 69 in the name
SPYb had 700 holders yesterday. today, thanks to $SP69, thousands of degens are learning what tokenized bStocks are for the first time
$SP69 now has 1,478 holders. 1,400+ of them have SPYb rewards ready to claim on the flap website (link in comments)
we’re accidentally onboarding more people into tokenized stocks than any institutional campaign has. just a memecoin that puts the S&P 500 in your wallet
$100K distributed. $SP69
this chart has been going up for 100 years. your parents hold it. your grandparents held it. pension funds hold it. sovereign wealth funds hold it
$SP69 holders earn it from a memecoin on BNB chain
the future is weird and beautiful
wall street charges you 0.03% management fees to hold the S&P 500 in an ETF
$SP69 pays YOU 5% of volume to hold the S&P 500 in a memecoin
we are not the same
$SP69 just crossed $1M in volume
that means $50,000 in $SP500 rewards already distributed to holders
the mechanic is simple: 5% of every dollar of volume gets converted into tokenized SP500 and sent to holders. you hold $SP69, you earn the S&P
the S&P but make it degen. on @BNBCHAIN