We are delighted to introduce $PIKL, the fundamental utility token underpinning the intricate framework of the McDegens DAO ecosystem. Distinguished by its multifaceted utility, $PIKL embodies a comprehensive framework that empowers community members and optimizes their engagement within the McDegens DAO platform and Solana Programs.

Utility and Functionality

$PIKl serves as a protocol token used as gas to facilitate the peer-to-peer token trades through the McSwap SPL Solana Program. Beyond its pivotal protocol role, $PIKL boasts remarkable versatility. Holders can seamlessly navigate the McDegens ecosystem, harnessing their tokens for the acquisition and liquidation of diverse assets. This sophisticated feature fosters a dynamic marketplace where token holders can engage confidently, supported by the intrinsic utility of $PIKL.

Proposed #piklnomics

View High Def Diagram

PIKL Gas
The McSwap-SPL program requires a small amount of PIKL as fee when creating a P2P contract where SPL tokens are being exchanged between two parties.

McStake (Payroll)

The McStake program real life equivalent would be a pay role system. In our case it's completely smart contract driven. And it uses McDegens DAO NFTs as the employee ID. The staking represents "clocking in" followed by claiming your $PIKL "paycheck" after your shift.

McDegen NFT Holders (Employees)

Holders of the official McDegens DAO NFT collection are eligible to "earn" $PIKL by participating in the McStake program. The member can then use the $PIKL to: create or execute peer-to-peer token swaps, pay gas for other integrated applications, trade it publically on supporting decentralized exchanges, or save it like boss.
View Eligible Collection @ Tensor

McSwap SDK (Developer Tooling)

The McSwap TypeScript Software Development Kit will expand #piklnomics by enabling devs to integrate peer-to-peer functionality into their own programming. This takes the use cases beyond how we use it with the McSwap dApp by enabling developers with P2P options limited only by their imaginations.
View OSS Repo @ GitHub

Pickle Traders (Public Exchanges)

Pickle will be traded on public markets by anyone and everyone who wants the $PIKL.
We'll be trading @ Jupiter

Governance (Treasury Management)

McDegens DAO is currently led by a Council of five elected members who manage the community treasury via a Squads Multi-Sig with a 3/5 threshold. The Council intends to expand governance democratically and safely as they navigate the complexitiese of sybil resistance.
View Treasury @ Squads

Tokenomics and Value Proposition

$PIKL’s tokenomics are being meticulously crafted with fair distribution in mind. There has never been a single $PIKL airdrop. The token supply is inherently scarce, with only 1 billion $PIKL tokens ever slated for existence. The deflationary design enhances the equilibrium between supply and demand dynamics.

It is paramount to acknowledge that the value of $PIKL is intrinsically intertwined with the passion, dedication, and contributions of the McDegens community. As an authentically community-driven asset, its valuation evolves symbiotically with the shared vision and endeavors of all holders.

In Conclusion

$PIKL emerges as a testament to the innovative spirit of McDegens DAO. Seamlessly integrating otc trades, asset swaps, and engagement mechanisms, it encapsulates the essence of a robust and participatory ecosystem. With an immutable supply of 1 billion tokens, the McDegens community possesses a unique instrument to shape the platform’s trajectory and collectively nurture its expansion.

Team Disclaimer

Importantly, it is essential to note that the McDegens DAO team does not bear responsibility for determining or influencing the price of $PIKL. The token’s value is solely determined by market dynamics and the collective sentiment of its community.