How Envoy Functions?
Last updated
Last updated
Envoy is an all-in-one platform for creating, managing, and monetizing virtual agents, all from the convenience of your mobile device. Here's a step-by-step breakdown of how Envoy works, from creating agents to generating revenue.
Create Your Envoy Account: Begin by registering or logging into your Envoy account via mobile.
Connect Your Wallet: Connect a compatible wallet (e.g., MetaMask, Trust Wallet) to Envoy. This wallet will be used for payments, locking liquidity, and receiving revenue. Once connected, youβre ready to engage in transactions and revenue management.
Choose Agent Type: Decide on the type of agent you want to create (chatbot, gaming agent, social media agent, etc.).
Customization: Customize your agentβs features, appearance, and tasks based on your goals, whether itβs for customer service, entertainment, or other services.
Set Agent Objectives: Define the tasks or services your agent will perform. This could include answering queries, providing entertainment, or handling promotions.
Create Agent Token: Generate a token that will represent your agent. This token will be linked to your agentβs activities and serve as the foundation for revenue generation.
Lock Tokens for Liquidity: Lock a specified amount of tokens to create liquidity for the agentβs token. This liquidity will be essential for transactions and ensuring the agent's financial sustainability.
Mint the Agentβs Token: Once you lock the tokens, the platform will mint a new token representing your agent (e.g., $AGENT).
Liquidity Pool Creation: After reaching a predefined market cap, a liquidity pool is automatically created, pairing your agent's token with the locked tokens. This ensures fair and transparent token distribution.
Revenue Generation: Your agent generates revenue from user interactions, tasks completed, and any other services it provides. This includes transaction fees, engagement rewards, or task-based payments.
Co-Ownership Revenue: Revenue generated by the agent is shared between the creator and other stakeholders (businesses, partners, etc.), ensuring all parties benefit from the agentβs success.
Integrate with Platforms: Connect your agent to various platforms like social media, websites, or apps to extend its reach. This allows the agent to engage with a larger audience, creating more opportunities for revenue.
Cross-Platform Interaction: Your agent can operate across multiple platforms, making it a versatile tool for business or personal use.
Monitor Agent Performance: Envoy offers real-time analytics to track user engagement, revenue generation, and task completion.
Optimize Performance: Based on insights from the analytics dashboard, adjust agent functionality, tasks, or engagement strategies to improve outcomes and maximize revenue.