
Although 'SOCKS' was the ticker assigned at the deployment of the Unisocks Edition 0 Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'UNISOCKS' has been adopted for this token. This designation ensures that assets are distinctly identified.
SOCKS is a token that entitles users to 1 real pair of limited edition socks, shipped anywhere in the world. Users can sell the token back at any time. To get a real pair, redeem a SOCKS token. SOCKS tokens are listed starting at $12 USD. Each buy/sell will move the price. The increase or decrease follows a bonding curve. SOCKS will eventually find an equilibrium based on market demand. Buying or selling socks uses the uniswap protocol and accepts any token input as a payment method. The pool of SOCKS is a uniswap pool where 500 SOCKS tokens were deposited along with the starting value of ETH.