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Skull (SKULL) is a digital asset that belongs to the Roll network. It allows creators to mint their social tokens on the Ethereum blockchain as ERC20 tokens. These fungible tokens can be easily traded on exchanges and used in various applications across the web. With Skull, creators have the power to determine the distribution and usage of their tokens, creating an independent value and starting their social token economy. The fixed supply of Skull tokens is set by Roll smart contracts, ensuring transparency and immutability.
Skull tokens can be sent, redeemed, and traded across the internet, making engaging with communities and users easy. Roll provides custodial Ethereum wallets that enable seamless sending and receiving of social tokens. Users can withdraw Skull tokens from their Roll wallets and send them to their personal Ethereum wallets at any time. This flexibility gives creators full control over their tokens and allows them to participate in the evolving Web 3.0 ecosystem.
Regarding economics, Skull tokens operate on a fixed supply model and are governed by Roll smart contracts, preventing any changes in token creation or supply by any party. Roll holds 1% of the Skull token supply as a fee to support and grow the social token ecosystem, aligning its success with that of the creators. By minting Skull tokens, creators can tap into the power of social tokens and leverage the features provided by Roll to enhance their online presence and interactions with their communities.
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