Description

$SGNP token economics explained 🧵 The app is dead simple. Fully on-chain. Permissionless. Want to feature your Farcaster cast on the on-chain spotlight? You buy 100 $SIGNET, your cast takes the spotlight, and those 100 $SIGNET go straight into your wallet. That’s literally it. More traffic → more spotlight value → more motivation to mint → higher token price → more traffic → (the loop keeps turning) But here’s the cool part 👇 Every $SIGNET is backed by $HUNT through Mint Club’s bonding-curve system. When you mint $SIGNET, the contract locks an equivalent amount of $HUNT inside the curve. So both tokens move together: more spotlight action → more HUNT locked → deeper liquidity → rising value for both SGNP and HUNT. Thick liquidity, tight supply, and a feedback loop powered by community attention. Current numbers: - The #1 Trending Mini App on Farcaster - Market cap ≈ $82 K - Liquidity on Mint Club ≈ $18 K in HUNT (96 000 HUNT locked) - Liquidity on Uniswap ≈ $22 K in ETH + SGNL That’s roughly a 48 % liquidity ratio - unusually thick for a microcap. ✅ Low slippage for buyers ✅ Price grounded in real reserves ✅ A sustainable, not hype-driven, loop for both $SNGP and $HUNT