How it works:
$SOCKS is a token that entitles you to 1 real pair of limited edition socks, shipped anywhere in the world.
You can sell the token back at any time. To get a real pair, redeem a $SOCKS token
How it's priced:
$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 equillibrium based on market demand.
Unipay:
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.
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