Sneaker Blast: Finance Protocol

6 min readDec 11, 2020

Sneaker Blast: Finance Protocol

What is Sneaker Blast?

SNEAKER BLAST is a deflationary cryptocurrency that is designed to tokenize the sneaker resale industry and provide e-commerce solutions for consumers looking to buy and sell sneakers or hype products/clothing via cryptocurrency.

Our Vision

The global footwear market size was valued at $365.5 billion in 2020, and is estimated to reach $530.3 billion by 2027 with a CAGR of 5.5% from 2020 to 2027.

Sneaker reselling, currently valued at $2 billion is projected to become a $6 billion business globally by 2025, according to a recent analysis from Cowen & Co. The growth is mainly in Europe, North America, and China, where sneaker culture has flourished and demand for rare sneakers has driven prices up exponentially.

Sneakerblast is looking to capture this $2 billion and tokenize it via our Woocommerce Store. Individuals will be able to buy the hottest sneakers and hypest designer goods/clothing with SBLAST and various cryptocurrencies such as BTC, ETH, BNB and LTC. Consumers will be able to buy clothing and sneakers at discounted rates when they opt in to buy with SBLAST. Funds will be raised to fund our initial inventory via Sneakerblast’s presale. A portion of the presale funds will be used to purchase rare and hype sneaker releases/clothes that will generate profit as prices appreciate over time. Sneakers that were once launched at a price of $190 are now going for 2x, 3x or even 4x as much while some are even going for $20,000 a pair. The Nike Dunk SB Low ‘Paris’ which launched in March 1, 2002 for a mere $69, is now going for a whopping $83,000 on Stockx, a 1200x increase in price.

In a nutshell, Sneakerblast will be an ecommerce token. Other than its obvious use case, it will provide an amazing trading experience for those trading on Uniswap. A percentage of all the cumulative sales via our store will go towards a token buyback at the end of every month to bolster price growth and stability.

Online Shop

Consumers will be able to purchase sneakers and clothing via cryptocurrency on our Woocommerce store. The store has already been setup to accept SBLAST, BTC, ETH, BNB, LTC, BCH and XRP as form of payment. Simply add the item to cart, click “proceed to checkout”, and click place order. The item will be marked “on hold” until payment is received. The image below represents an example of what you will see when paying with crypto on the online shop. You may also pay with fiat via credit card. As of now, the shop consists of sample products auto generated by Woocommerce, but will be updated with fresh inventory after the presale concludes.

Pay with SBLAST, LIQX, DGNT, ETH, or any other ERC20 token.

Fair Launch

To ensure a fair launch, after the presale concludes, the listing price will be a little bit higher than the presale price so early investors do not have a grounds to dump early on and keep healthy price action. Furthermore, the presale will be hosted via Unilock’s platform. Unilock is a platform designed to permit hosting presales with a built-in mechanism to automatically add and lock liquidity after presale conclusion. This ensures a credible and rug-free environment so that investors can invest without fear of losing their funds.

The initial liquidity pool will include 500 BNB and 215,000 SBLAST.

Deflationary Supply

In addition to enforcing a max wallet buy of 2 ETH per person, we’ve also added an additional burn feature that sends 1% of every transaction to the 0x0000000000000000000000000000000000000000 burn wallet.

This slowly decreases the supply of $SBLAST over time, making it more scarce and leaving holders with a more valuable asset.

SBLAST Presale

In order to achieve our vision, we are going to be doing a 1000 BNB presale. A strict cap per person will be employed so early investors can not dump to lows and price has room to grow. A max purchase of 2ETH per person will be permitted. Each SBLAST will be sold at a price of 0.00125 ETH per token. A minimum purchase of 0.5 ETH will be enforced. 400,000 SBLAST or 40% of the max supply will be allocated for the presale. The dev will take 2% of the total presale funds which is estimated to be about 10 ETH and another 2% of the total supply which is about 20,000 SBLAST. 200 ETH or 10% of the total presale will be allocated towards inventory for the online store. This 200 ETH will be used to market buy sneakers or clothing from StockX and Goat marketplace. Another 4% or 20 ETH from the presale will go towards marketing whereas the remaining ETH (270 ETH) + 215,000 SBLAST will be allocated towards liquidity on Uniswap. The liquidity will be auto locked after the presale concludes for 10 years via Unilock’s locking mechanism and the remaining 315,000 SBLAST will be locked securely via Trustswap. The image below shows what we will be using to host the presale to provide credibility and peace of mind.

Stockx and Profit Generation

StockX is part of a burgeoning group of online marketplaces that have turned resales of sneakers into a kind of currency — and an increasingly big business. It is essentially, the world’s first stock market for things — a live ‘bid/ask’ marketplace. Buyers place bids, sellers place asks and when a bid and ask meet, the transaction happens automatically. Funds will be used to purchase sneakers and clothing for the store that will appreciate in value over time so that holders can reap all the benefits of SBLAST. The more a sneaker appreciates in price, the more revenue goes back towards SBLAST liquidity. The image below is the platform from which the inventory will be purchased. This platform will also be used to track price growth and revenue.

The online platform that will be used to track sneaker prices including gains and decreases.

$SBLAST Tokenomics

Total supply: 1,000,000 $SBLAST
Burn per tx: 1%
Dev. Fee: 2% (20,000 SBLAST)
Locked: 31.5% (315,000 SBLAST)
Presale: 40% (400,000 SBLAST)
Liquidity: 540 BNB/ 21.5% (215,000 SBLAST)

$SBLAST Presale

Hardcap = 1000 BNB
Tokens Allocated = 400,000 Tokens (40% OF SUPPLY)
Price per token = 0.0025 BNB / 1 SBLAST
Minimum Wallet Buy = 1 BNB
Maximum Wallet Buy = 4 BNB
1 BNB / 400 SBLAST
4 BNB / 1600 SBLAST

$SBLAST Distribution

Dev. Fee — 20 BNB(2% OF PRESALE) + 20,000 SBLAST (2% OF SUPPLY)
Inventory (Market Buy Sneakers) — 400 BNB (40% OF PRESALE) + 40,000 SBLAST (4% OF SUPPLY)
Marketing — 40 BNB(4% OF PRESALE) + 10,000 SBLAST (1% OF SUPPLY)
Liquidity — 540 BNB (54% OF PRESALE) + 215,000 SBLAST (21.5% OF SUPPLY)
Remaining Locked via Trustswap — 315,000 SBLAST (31.5% OF SUPPLY)