SHEK, the native token of the applebucks platform, was created with a total supply of 1 billion tokens. This high initial supply was chosen to allow for ample distribution and widespread usage of SHEK across our growing ecosystem of apps and services.
Through a community-driven fair launch in 2023, all 1 billion SHEK entered circulation simultaneously with no shares retained by the founding team. This ensured that no single group had an outsized influence over the initial token allocation.
As a utility token, SHEK opens the doors to powerful features on applebucks.co. Token holders can access paid tools, premium market data, expanded APIs and more. A portion of all transaction fees on the platform are also redistributed to SHEK stakers.
Looking to the future, we aim to expand SHEK's use case beyond our flagship website. Developers will be able to easily integrate our APIs and payments solutions into their own DApps, allowing SHEK to power innovative apps across various industries.
Select merchants and service providers may also opt to accept SHEK as a form of payment. And our growing NFT marketplace will exclusively use SHEK for buys, bids and listings.
In essence, SHEK is the key that unlocks our full-stack ecosystem of financial services and technologies. With over 1 billion tokens in circulation and an expanding set of real utilities, SHEK aims to establish itself as a globally adopted digital asset.