SOCKS token is
An ERC-20 token for a tokenized product – Unisocks.
SOCKS token is used for
- Redeem 1 pair of Unisocks (from the team at Uniswap) shipped anywhere in the world.
How could value accrue to the token?
- The token is burned when redeemed for a pair of socks.
Good for flexing on social media.
What is Unisocks?
Unisocks is one of the first tokenized product. It was launched by Uniswap in 2019.
500 tokens were issued and sold on a bonding curve. Where price goes up as more people buy or vice versa as people sell. After 100 days the liquidity was removed.
Current supply: 305