SKOOP is the loyalty token for KOKOS Ice Cream — Nashville's original plant-based SKOOP shop — and the first token built for the PunchCard Network, where every shop's rewards can reach every other. Earn it. Pay with it. All on Base.
Crypto is the future of finance and businesses need a better loyalty system. One that the customer actually owns. One that isn't locked inside an app that disappears when the business pivots. One that works even if KOKOS isn't here tomorrow.
SKOOP is built on Base — an Ethereum Layer 2 with near-zero fees and two-second finality. Every payment, every reward, every settlement is a public transaction anyone can verify. No middleware. No middlemen. No black box.
This is what DeFi actually means in practice: a micro-economy between a local business and its community, running on open infrastructure, owned by neither party and beholden to neither.
The SKOOP token contract has no owner, no mint function and no pause. Nobody — KOKOS included — can create more of it or freeze it. The supply was fixed at 100,000,000 the day it was deployed and can only ever go down.
DeFi — decentralized finance — sounds abstract until you use it to buy ice cream. At that point it becomes very, very concrete. Here's what it actually means.
Traditional loyalty points can be printed out of thin air or expired by the business that issues them.
SKOOP is different. Total supply is fixed at 100,000,000. SKOOP has no mint function, so nobody can add to it. When SKOOP payments settle, tokens are burned — 0x000…000 — gone forever. When USDC is paid, it routes to the treasury: 60% buys SKOOP on Uniswap and burns it, 40% is added to the liquidity pool.
BatchBurnExecuted event with the exact token count and timestamp — visible on Basescan.