Whitepaper
Effective Date: December 1, 2024
Version: 1.0
Abstract
Seven is an innovative token virtual mining platform that integrates gamified features into decentralized tokenomics. Designed as a Telegram mini-app, Seven allows users to mine Seven tokens (“7Tokens”) with minimal effort, enhance earnings via a referral program, and boost mining efficiency through automated tools such as "Parrots."
This white paper outlines the vision, objectives, features, and economic framework of the Seven project, demonstrating its potential to revolutionize user-centric tokenomics within a blockchain ecosystem.
1. Introduction
1.1 Purpose
The Seven Project aims to simplify and democratize token virtual mining by eliminating the technical barriers traditionally associated with the process. By leveraging Telegram’s widespread accessibility, Seven introduces a platform that is user-friendly, cost-effective, and highly engaging.
By requiring minimal effort, users can actively participate in mining, accumulating, and utilizing crypto tokens. Seven aims to create a thriving ecosystem where users can grow their network, enjoy rewards, and contribute to the project’s long-term success.
1.2 Key Features
Seven is built on three pillars:
- Ease of Mining: Users can mine Tokens offline and collect them daily without extensive technical knowledge.
- Network Growth: A robust referral program incentivizes users to expand the platform’s reach.
- Enhanced Efficiency: Optional tools like "Parrots" automate and optimize mining activities, making the experience more engaging.
* For more information refer to “Core Features” Section.
2. Vision and Mission
2.1 Vision
To create a decentralized ecosystem where token mining is accessible to everyone, fostering global adoption and trust in blockchain technology.
2.2 Mission
To empower users by offering an innovative and user-friendly platform that simplifies token mining and rewards active participation. By engaging in mining activities and expanding the community through referrals, users can earn more tokens and maximize their opportunities within the platform.
Upon the successful launch of Seven Token, we are committed to introducing real-world use cases that bring value to our users. Potential applications include:
- Gaming and Entertainment: Revolutionizing in-game economies with rewards and seamless transactions.
- DeFi Solutions: Enabling staking, lending, and other decentralized finance opportunities.
- E-commerce: Facilitating secure and fast transactions for goods, services, and subscriptions.
- Loyalty and Rewards Programs: Allowing users to redeem tokens for exclusive products or experiences.
Seven Token is designed to grow with its community, providing a dynamic and inclusive ecosystem that supports both earning and meaningful usage.
3. Core Features
3.1 Offline Mining
Users can mine 7Tokens offline and collect mined Tokens daily. The mining algorithm is designed to minimize computational and energy resources, enabling a seamless user experience.
3.2 Daily Streak
Users engage by maintaining streaks through periodic app interactions, ensuring consistent activity and rewards distribution.
3.3 Real User Engagement
A one-time payment of 0.5 TON is required to participate in the project. This mechanism uses a transparent system to:
- Verify user and wallet authenticity.
- Block bot accounts.
- Enhance liquidity by funneling payments directly into the project’s ecosystem wallet.
3.4 Referral-Based Growth
Users can expand their earnings by utilizing a multi-level referral program. Each referral generates additional token rewards for the inviter. The referral structure is designed to prevent exploitation, with limits on referral tiers and anti-fraud mechanisms implemented via smart computation.
How the Referral Program Works:
Rewards are Earned for Inviting Friends:
- Mutual Rewards: When a friend is invited and meets the participation requirements, both the inviter and the invitee receive tokens.
- Inviter: Receives 4 tokens (or 7 tokens for Premium users).
- Invitee: Receives 7 tokens.
Ongoing Rewards are Earned from Friends' Activity:
- Generational Rewards: A percentage of referrals' earnings is earned for up to three levels:
- First-Level Referrals: 10% of their earnings
- Second-Level Referrals: 3% of their earnings
- Third-Level Referrals: 1% of their earnings
Premium User Bonus:
- If a friend is a Telegram Premium user, an additional bonus is earned on top of the standard referral rates:
- First-Level Premium Referrals: 5% additional bonus
- Second-Level Premium Referrals: 1.5% additional bonus
- Third-Level Premium Referrals: 0.5% additional bonus
Referral Program Summary
Referral Level | Standard Reward | Premium User Bonus | Total |
First-Level | 10% | 5% | 15% |
Second-Level | 3% | 1.5% | 4.5% |
Third-Level | 1% | 0.5% | 1.5% |
Note: To earn rewards, the specific participation requirements outlined in the full Terms of Use must be met by the friend.
3.5 Parrots
To boost earnings, users can purchase Parrots, an innovative feature that replicates user actions in the app. Parrots function via automated scripts tied to user accounts, increasing token yield without manual interaction. However, Parrots do not influence referral commissions to ensure equity.
All transactions related to Parrots are logged on-chain for transparency.
3.6 Time Efficiency
Seven is designed for users seeking a quick and effective mining experience. The platform’s features require less than five minutes of daily activity, but users looking to maximize their earnings can do so by expanding their network through referrals and earning commissions.
4. Tokenomics
4.1 "7Tokens" Overview
7Tokens are the native crypto token of the Seven ecosystem. Users earn these Tokens through daily activity and referrals.
4.2 Distribution
The Seven ecosystem is powered by a total supply of 10 billion tokens (10B).
Distribution is carefully structured to maintain balance and support project sustainability:
Category | Allocation |
Liquidity | 5% |
Treasury | 7% |
Airdrop | 70% |
Backdrop | 10% |
Team | 3% |
Marketing | 3% |
Partners, Advisors, Consultants | 1% |
KOLs (Key Opinion Leaders) | 1% |
4.3 Limited Distribution Mechanism
To ensure fair distribution and prevent oversaturation:
- 7 billion tokens are allocated for distribution among a maximum of 7 million users, rewarding early adopters and incentivizing active participation.
- Tokens are distributed on a first-come, first-served basis, ensuring fairness in token availability.
- Users’ token allocations are determined within the mini app before the Token Generation Event (TGE) and listing.
4.4 Participation Fee to Liquidity Contribution
A one-time fee of 0.5 Ton is required to participate the platform.
This participation fee ensures participant authenticity and is directly reinvested into the token ecosystem to maintain liquidity and stability.
4.5 Backdrop Staking
Users have the opportunity to stake all or a portion of their tokens through the Backdrop program. Staked tokens are locked for a set period, and participants receive additional rewards for their commitment. The staking periods and rewards are governed by smart contracts to ensure transparency and fairness.
4.6 Token Lockup
To ensure the Seven Project's long-term stability and align with its vision, a significant portion of token allocations will be locked for a defined period. Specifically:
- 100% of tokens allocated to the Treasury
- 90% of tokens allocated to the Team, Marketing, and Investors
These will be locked for one year from the Token Generation Event (TGE). Lockup terms will be enforced by smart contracts, with release schedules available for public audit to ensure full transparency and accountability.
Token Allocation Table
Category | Lockup Period | Percentage Locked | Release Schedule |
Treasury | 1 Year | 100% | Vesting over 12 months post-lockup |
Team | 1 Year | 90% | Gradual release after lockup |
Marketing | 1 Year | 90% | Linear release over 12 months |
Description
- Treasury Allocation:
- Allocation: 700 million tokens (7% of supply).
- Lockup Terms: 100% locked for 1 year post-TGE.
- Purpose: Reserved for long-term project development and ecosystem growth. Gradual release after the lockup ensures stability in token circulation.
- Team Allocation:
- Allocation: 300 million tokens (3% of supply).
- Lockup Terms: 90% locked for 1 year post-TGE, with vesting over 12 months post-lockup.
- Purpose: Incentivizes the core team to remain committed to the project’s success while aligning their interests with long-term goals.
- Marketing Allocation:
- Allocation: 300 million tokens (3% of supply).
- Lockup Terms: 90% locked for 1 year post-TGE, with linear release over 12 months post-lockup.
- Purpose: Ensures a strategic and phased marketing approach, supporting sustainable growth and user acquisition.
Enforcement and Transparency
Smart contracts govern all lockup and release terms:
- Automated Enforcement: Lockup and vesting schedules are automated via blockchain to eliminate manual intervention and reduce risks.
- Public Auditability: All contracts are publicly auditable, allowing users and stakeholders to verify compliance with lockup and release schedules.
This policy underscores the Seven Project's commitment to sustainable growth, trust, and alignment of incentives across all stakeholders.
4.7 Token Launch
Tokens will be launched on the Stonfi platform based on TON, providing a robust and liquid environment for trading and integration into the TON ecosystem.
4.8 Withdrawals
Withdrawals of the Seven Token are contingent upon the successful launch of the project and token itself. The launch will only occur once a minimum number of participants, as determined by our proprietary algorithm, is reached. This ensures the token ecosystem is sustainable, aligned with market expectations, and supports the underlying goals of the project.
Additionally:
- Minimum Participant Threshold: The minimum number of participants is calculated based on several factors, including market dynamics, platform performance metrics, and user engagement, to ensure a stable and scalable launch.
- Algorithmic Determination: The proprietary algorithm accounts for token demand, liquidity requirements, and network activity to decide when conditions are favorable for launch.
- No Guaranteed Launch Timeline: While we aim to expedite the process, there is no fixed timeline for achieving the required participant threshold, as it depends on user participation and other operational variables.
- Token Utility & Ecosystem: The successful launch is critical to ensuring the token's utility and functionality within the broader ecosystem. Therefore, withdrawals cannot occur until the launch criteria are met to maintain the integrity of the project.
- Risk Disclosure: Users should understand that participation does not guarantee immediate access to tokens or returns. The success of the project and subsequent launch are subject to factors beyond our control, including market and regulatory conditions.
5. Revenue and Benefits Allocation
Revenue generated through the sale of Parrots is allocated as follows:
- 40% Marketing: To drive global awareness and user adoption.
- 40% Development: For the continuous enhancement of app features and scalability.
- 20% Reserve Fund: To address unforeseen operational needs and ensure ecosystem stability.
6. Participation Requirements
To join the Seven ecosystem, users must:
- Accumulate a minimum of 700 tokens via daily streaks, virtual mining, referrals and provided activity.
- Make a one-time 0.5 TON payment, which is processed through a secure on-chain transaction, contributing directly to project liquidity.
7. Technical Details
7.1 Mining Algorithm
The mining process is managed through a Proof-of-Activity (PoA) protocol, ensuring fair token distribution based on user engagement. The algorithm adjusts mining rates dynamically to prevent inflation and reward consistent activity.
7.2 Smart Contracts
Smart contracts are used exclusively to declare tokenomics, manage distribution, and enforce locking mechanisms. They ensure transparency and security in the ecosystem.
7.3 Security Measures
- Anti-Bot Mechanisms: Integrated into both the mining and referral processes.
- Data Privacy: Part of User data is encrypted and anonymized, adhering to global compliance standards. Mini App leverages Telegram's seamless authentication process to provide a user-friendly and highly secure experience.
8. Why Telegram?
Telegram is the ideal platform for the Seven Project due to its extensive network distribution and platform-independent nature. As a globally recognized communication tool, Telegram offers unmatched accessibility and reach, making it possible for Seven to engage with a diverse and decentralized user base. Furthermore, by leveraging Web3 technology, Seven ensures platform independence, allowing seamless interaction with Telegram ecosystems without being tied to a single operating system or device type.
9. Why Seven?
- Inclusive: Minimal barriers to entry make Seven accessible to a global audience.
- Sustainable: A well-designed tokenomics model ensures the project’s longevity.
- Community-Driven: Referrals and network growth foster a collaborative environment.
- Innovative: Features like Parrots enhance user engagement and earnings potential.
- Secure: Blockchain technology ensures transparency, reliability, and user trust.
10. Roadmap
Phase 1: Launch
- Development of core mining and referral features.
- Launch Beta version of the platform.
- Exclusive programs for Beta users to encourage retention and referrals.
- Community onboarding and initial airdrop campaigns.
- Launch mining functionality.
- Increase app accessibility through technical improvements.
- Enhancement of engagement features (e.g., leaderboard, real-time statistics).
Phase 2: Growth
- Expansion of marketing campaigns to grow the user base (target: 7M users).
- Extend social and community-building initiatives.
- Strengthen partnerships through strategic collaborations.
Phase 3: Expansion
- Expand marketing efforts through KOL (Key Opinion Leader) partnerships and social media campaigns.
- Establish strategic partnerships with advisors and consultants.
- Launch community governance features to decentralize decision-making.
Phase 4: Maturity
- Partnership program with exchanges to enhance ecosystem reach.
- Snapshot and token distribution based on user activities.
- Token listing on exchanges.
- Implementation of token withdrawal mechanisms.
- Deploy smart contracts to support platform automation and transparency.
- Enhance token stability through liquidity management.
- Incorporate community feedback into app updates and features.
- Scale the ecosystem to integrate with DeFi and other blockchain ecosystems.
11. Prohibited Activities
Users must comply with the following guidelines when engaging with Seven:
- Legal Compliance: Activities violating laws or regulations are prohibited.
- Malicious Behavior: Uploading harmful code or disrupting the platform is not permitted.
- Unauthorized Access: Attempts to bypass security measures or access unauthorized accounts are forbidden.
- Fraudulent Activities: Impersonation, deception, or misuse of the Service is strictly prohibited.
- Spam: Sending unsolicited advertisements or spam through the platform is not allowed.
Violations may result in account suspension or legal action.
12. Cryptocurrency Risks
When using the Service to access, transact with, or engage in cryptocurrency-related activities, you acknowledge and accept the following risks:
- Market Volatility
- Cryptocurrency values are highly volatile and may experience significant fluctuations in price over short periods. You could incur substantial losses, including the complete loss of funds.
- Regulatory Uncertainty
- Cryptocurrencies operate in a legal and regulatory landscape that varies by jurisdiction and is subject to rapid changes. Regulatory actions or changes may impact the availability, legality, or usability of cryptocurrencies.
- Security Risks
- Cryptocurrency transactions involve public and private keys, which must be kept secure. Loss, theft, or unauthorized access to your private keys may result in irreversible loss of funds.
- The Service does not guarantee immunity from cyberattacks, phishing, or other malicious activities targeting cryptocurrency users.
- Irreversible Transactions
- Cryptocurrency transactions are typically irreversible. Mistakes, such as sending funds to the wrong address or participating in fraudulent schemes, cannot be undone or recovered.
- Third-Party Risks
- Engaging with third-party platforms or wallets carries risks related to their reliability, security, and solvency. The Service is not responsible for losses incurred through third-party services.
- Operational Risks
- The technology underpinning cryptocurrencies, such as blockchains, may encounter bugs, technical failures, or forks, which could disrupt access to or the functionality of the currency.
- Outages or downtime of the Service or related systems may delay or prevent cryptocurrency transactions.
- Legal and Tax Obligations
- You are solely responsible for complying with applicable laws, including tax obligations, reporting requirements, and regulations related to your cryptocurrency transactions.
- Lack of Consumer Protections
- Cryptocurrencies are not governed by traditional financial institution protections, such as deposit insurance or fraud liability safeguards. Transactions are conducted at your own risk.
- Speculative Nature
- Cryptocurrencies may have no inherent value beyond what is assigned by market participants, making them highly speculative investments.
- Misrepresentation and Scams
- The cryptocurrency ecosystem is susceptible to fraudulent schemes, scams, and misrepresentations by bad actors. Exercise due diligence before engaging in any cryptocurrency-related activity.
Disclaimer
The Service does not provide investment advice or guarantees regarding the value or future performance of cryptocurrencies. By engaging in cryptocurrency activities, you assume full responsibility for understanding the associated risks and making informed decisions.
13. Project Risks
13.1 Project Dependency
The availability and distribution of Tokens depend on the successful execution of the project. Unforeseen challenges may impact the ecosystem’s functionality and rewards.
13.2 Market Risks
As with any crypto token, 7Tokens are subject to market volatility. Users are advised to carefully evaluate the risks before engaging.
13.3 No Guarantees
Seven provides no guarantees on the future value or availability of Tokens. Participation is at the user’s discretion.
14. Contact Information
For further inquiries or support, please contact us at info@7token.io
15. Conclusion
Seven is more than just a mining app; it’s a simple and community-driven platform designed to democratize access to crypto rewards. With robust smart contracts and a secure tokenomics model, Seven is poised to redefine the crypto mining landscape.
Join Seven today and be part of the future of effortless, secure, and rewarding crypto mining!