printing money out of thin air?
what about printing that is backed by our culture and co-ownership?
What if i told you that all memecoins could be fun and have native utility?
First is first? Who is legit ones?
ex. too many Neiro coins popping up recently and it's confusing, so normies choose to stay safe on the sidelines because of the risk of choosing the wrong side, losses are greater than the profits/ BEP is real fact
Investors want to be diamond hands but don't want to be the last holder.
There is no utility & rewards to remain a diamond hand.
Beer.eth sold for a fantastic price, ordinary people rarely get holy grail domains.
Co-ownership and Provenance
New memecoin trend/narrative emerging. Deployer intend to get skin in the game.
Acquire web3 domains, fractionalize them into memecoins. So now memecoins are backed by domains provenance and co-ownership relation.
Memecoin holders will naturally be diamond hands and stake for any revenue the domain will generate.
Eg. subdomain purchases, subdomain renewals, subdomain trade royalties, domain partnerships.
Fractionalization allows anyone to participate in an open economy and take part in the niche subcultures they care about.
Why can domains generate revenue? In fact, it already does.
Ex. base/uni/degen .eth & Fraction of Doge NFT (now become memecoin)
Sorry base.eth, you are perfect case studies here.
Unlike uni.eth subdomains which you can get for free, base.eth subdomains are either free or chargeable if you qualify. How fair are the requirements? No system is completely fair to everyone, so to be fair, we must use an equal rights approach.
Now, imagine if all this subdomain purchases go back to it's believers and co-owners, how wonderful is that?
So now, base can have unofficial governance tokens without having to worry about getting sued by the SEC right? Right? hehe no pressure here
All we need is:
smart contract to fractionalize domains into fungible token
smart contract to govern DAO treasury & subdomain rate.
smart contract to airdrop DAO treasury to all staker/ manual claim smart contract.
smart contract to issues subdomain.
Beautiful UI & UX
Domain protocol allows anyone to renew a fractioned domain and accomodate avatars based on onchain image base64/ blob/ permanent Walrus storage.
Memecoins created from domain fractions get their coin logos from the domains avatars before they are fractioned.
Optional: Domains under subdomains are also charged, 50% goes to the domain treasury and 50% goes to the subdomain owner.
Coin ticker must be exactly the same as the domain name, the coin name does not need to be the same.
Some memecoin deployer conscience thinks, how can i make this right?
To be clear, there is no prejudice against deployers, teams or fellow co-owners.
There is no developer who has to be responsible to stakeholders because here we are all the same. remember, we are all co-owner.
The only difference is that the domain owner has more courage to become a deployer. So please remember that deployers only dedicate their time, energy, capital as much as they can.
This is something we believe in together and we have together and it's like we build it together.
The deployer's job is to secure the domain and share it with those who align with him. The rest is up to you.
If the subdomain doesn't generate revenue, then it's all our fault or the market niche is not currently attractive.
Final note is do your own research and all of these is not financial advice. final decision is in the hands of each
We work for our bags and our culture.
X is sometimes banned, to avoid centralized censorship, we need to establish a new standard approach.
Propose the use of hashtags to show that we are unique and create different perspectives, making impersonation impossible because the web3 domain is the only source of truth.
There is only one #CLOWNdotSUI or #FISHdotSUI
This is a better approach to unifying raid on social media than tagging single entity that had been banned
Generic bonding curve smart contract. No way to cancel fraction.
Pros: bring trade volume
Cons: PVP
Domains will only be fractionalized if the bonding curve has been successfully passed or if the deployer changes their mind they can cancel the fraction mid-fractionation process and trigger a smart contract to return the participant's exact investment (this can be done by utilizing an escrow object for each trade) to reclaim the domain.
Pros: more assurance for buyers, potential for profit from getting in at a lower price by coming in early.
Cons: Slower catalyst as there is no incentive for short-term flippers.
Tweaked bonding curve.
After more than 1 month, if 91% of the supply is not sold, anyone can redeem the domain after refunding the remaining holders.
Pros: domain can be reclaimed.
Cons: more work, hehe
IFO : Initial Fractionalized Offering
remember the glory of the ICO days?
It would be perfect if all of the above options were available for domain owners to choose from.
Sui chain = internet layer
.sui = ICANN
.sui domain = .com .org .net
subdomain = entity
there are millions of dev out there, unfortunately there is only one dev.sui
there are millions of pet out there, unfortunately there is only one pet.sui
there are millions of fish out there, unfortunately there is only one fish.sui
dev.sui is listed for 100K, i want to use that capital for something else, so i'm quite happy with noob.dev.sui
Look Mom, i managed to become part of dev.sui now, even though i'm just a noob
weare.one.sui is worth…..
