Disclaimer: DroEats DAO (later described as “DAO” is a separate entity, not connected with any centralized company. DAO is made of DroEats NFT holders, organized in a bottom-up way to voluntarily develop Arbitrum’s broader ecosystem. DroEats NFTs are public goods, and were claimable for free by anonymous Ethereum addresses’ owners. DRO token generation event was signaled and voted (off-chain) by the DroEats NFT holders. Donating action holds no “donation” power in the legal sense, nor any legal obligation to the DAO’s members. No centralized team, nor legal entities hold any responsibility for DAO's actions, and DRO distribution. Any financial value created during the process described in the article is a mere act of speculation on the secondary, permissionless marketplaces, not connected with the DAO.
DroEats Twitter:
Buy DroEats on TofuNFT to join DroEats DAO:
https://tofunft.com/collection/droeats/items
DroEats love cooking and eating! That's why they've made their own restaurant chains and now compete with each other.
DroEats is an easy to learn, entertaining base-building game riddled with various mechanics, requiring strategic thinking, clever use of supplies, and multiplayer skirmishes. Users play as DroEats avatars, controlling their own restaurants. Through numerous Free2Play activities, players earn in-game coins and develop their food businesses.
When designing DroEats, our primary goal was to create a short gameplay experience that the player would like to revisit as frequently as possible.
The Play2Earn model is inherently broken. It's not sustainable in the long run. Turning the gaming experience into a job that nobody likes. Let’s make blockchain gaming fun!
DroEats use NFTs and Arbitrum for the things they are best at - ownership & revenue sharing, Ethereum-based login & payments, and unique buffs market, creating interesting resources dynamics inside the game.
DroEats revenue model is achieved by implementing classic revenue-stream mechanics, which are reflected in micropayments for the non-sensitive game’s content.
DroEats players will be incentivized to play by three core pillars of the gameplay: Coin Generators, Base-Building, and Player-vs-Player. These pillars are heavily intertwined, and players are encouraged to switch between them often during the gameplay. However, the main drive for the players is developing their restaurants through creating new and upgrading old food stations, utility tiles, and fighting with other players to reach the tops of the leaderboard.
We see DroEats as another iteration of "progress games" like Clash of Clans or Shakes & Fidget. Players would come back daily to use their replenished activities, and enjoy the game.
DroEats DAO is a collective of DroEats NFT holders, building Arbitrum-specific applications, in a spirit of CC0ciety, a concept first presented by Nouns. Focusing on bringing value to NFT-holders via distributing the fees from DAO’s products, while combining years of DeFi & GameFi testing and sophistication.
Days of European technological superiority have long been forgotten. However, there are still young people who, as if ignoring or not realizing this fact, are building the future of technology. We have never seen opportunities for large-scale geo-arbitrage of talent as clearly as we do today. Through experienced allocators, skilled in spotting talent and raising capital, DroEats intends to build a decentralized community of software developers, gamefi experts and game designers. Without regard to market conditions, we will develop broadly understood cryptocurrency gaming technology, focusing on Arbitrum.
The DAO realizes that the best way to achieve this is to release commercial products and build protocols with a clear revenue potential profile for NFT holders.
Holding and staking your DroEats NFT makes you the co-owner of GameFi products built under the DroEats DAO on Arbitrum.
(Disclaimer: DroEats DAO govern DroEats NFTs released on Arbitrum and DRO token)
DroEats DAO is launching a DroEats (DRO) token. 40% of the DRO token will be airdropped for NFT stakers over the span of 40 days, starting mid July. You can stake your DroEats NFT on droeats.com**
**Click “Earn” and drag & drop your DroEat to stake it. Bip-bop!
Remember: You don’t need to split your DroEats NFTs between many addresses! Our applications are all about simplicity. One address can hold multiple DroEats.
DRO is the way for DroEats players to gain liquid exposure and influence over the DroEats game-meta and other products released by the DroEats DAO in the future. Access to the in-game meta puts you in a CREATIVE mode! DroEats can be shaped by YOU! Meta is closely connected to the revenue generating mechanisms inside DroEats.
Influence current meta by proposing changes to in-game values
Amount of Coins generated in Arcade
Weekly events
Planets (?!)
Vote on what should be added to DroEats
Create personal proposals regarding new tiles/mechanics
Maximum Token Supply: 100,000,000 DRO
Total Token Supply: 100,000,000 DRO
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Rewards for NFT Stakers: 40,000,000 DRO
Token Sale by DAO: 40,000,000 DRO
DAO Treasury*: 20,000,000 DRO
(Maximum Token Supply is the same as Total Token Supply. What does it mean? DroEats DAO will never increase the DRO supply)
After T-40d there will be 80% of the total DRO supply released on the market. DAO Treasury DRO will stay locked until the DroEats game is released.
DAO plans to add 10,000,000 DRO + equivalent in ETH to the initial Uniswap liquidity pool, allowing the DroEats community to freely trade in & out of DRO tokens. DroEats will utilize Uni V3 pool, with 1% of fee, to incentive for LP addition (DRO/ETH) without the inflationary DRO rewards**.
We are huge proponents of open crypto markets, with no locking, nor vesting mechanisms, which create a false sense of token supply limitations. When in reality, locking sets up supply shocks further in the future.
*The DroEats DAO is eligible for ~5.7% of DRO tokens, from already holding 500 DroEats NFTs. These tokens will be mainly used for players incentivization during, and after DroEats game launch. These tokens won’t be locked, since they come from the NFT staking.
**If our projections regarding LP pool don't work, we will incentivize it from the DAO's share of DRO tokens.
DroEats DAO has unanimously agreed to distribute DRO tokens on Arbitrum network to DroEats NFT holders, as a commitment to reward the early supporters. Markets have been shred apart by the misaligned desires. By organizations who don't care about building real games, and creating a long lasting gaming joy & experience for the players. DroEats DAO set itself on a different path.
Here is how you can receive DRO airdrop if you hold DroEats NFT (available in mid July):
Go to droeats.com
Click “Earn”
Click “Connect Your Wallet” via Metamask or WalletConnect
Set up the network to Arbitrum, click here to learn how:
https://medium.com/@stokasz/arbitrum-onboarding-yield-farming-guide-d304f1d2b22f
Drag & drop your DroEats, following the arrow.
Confirm the transaction.
Congratulations! Your DroEat is locked & loaded, earning DRO tokens.
Stake & Chill. You don’t need to do anything else. Watch the balance of your DRO increase day by day. We will handle the building!
40,000,000 DRO tokens will be distributed through airdrop over the 40 days. 1,000,000 DRO daily, divided by the number of DroEats NFT staked. For example, if all 3500 DroEats NFT are staked, then each will get 285.714 DRO in 24h. If only 2000 DroEats NFT are staked, each gets 500 DRO in 24h. DRO tokens are being airdropped to NFT stakers block-by-block. We were able to create such fluid distribution thanks to the Arbitrum architecture & scaling.
DroEats DAO is auctioning 40,000,000 DRO tokens, in an event lasting 14 days. Have a chance to become a Founding Father of DroEats DAO, and help us bootstrap our product development. Funds will be entirely used for DroEats game development on Arbitrum. Auction will have a constant rate of 1 ETH = 114,285.7 DRO, with the max raise capped at 350 ETH.
87.5 ETH will be used for the LP pool. DroEats DAO will exchange 100 ETH into USDC, and hold the rest of 112.5 ETH not touched, in the DAO’s treasury.
Assuming the price of ETH at the current rate ($1100), DroEats fully diluted valuation (FDV) during the DRO launch will be $962,500 USD. Market cap of DroEats (DRO) after the token sale is $385,000 USD.
At the current DroEats NFT collection floor price of ~0.26 ETH, we could potentially raise much more, using our formulas. Yet, our estimations are that no bigger budget is needed for the full game development, thanks to the geo-arbitrage advantage.
The objective of DAO’s treasury is to sustain the development of the DroEats game and beyond. Which means, first and foremost, paying software developers, game developers, and artists. Any idle funds will be reinvested into side-projects connected to DroEats (for example, a group of writers expanding DroEats lore, or a small team of new programmers working on DeFi/GameFi DroEats branded dApps) or the broader Arbitrum ecosystem.
In case of the success of DroEats, DAO will sell a part of treasury, denominated in DRO tokens, via OTC transactions, to provide the necessary resources for long-term development.
When you use Bitcoin as a payment system for the first time, there is no coming back. When you use Ethereum-based DeFi as a financial stack for the first time, there is no coming back. Yet, mainnet wasn’t built for gaming. Arbitrum leverages the security of Ethereum, while allowing us to implement microtransactions, where the fee of submitting the on-chain action is miniscule, compared to signaled value. In layman terms, users won’t hesitate while buying Soulbounds (buffs) or other mystery boxes for $10-20, if the fee is below $0.2.
Same level of security and scalability couldn’t be achieved on anything other than Rollups. After Terra Luna collapsed, DroEats DAO builders were also concerned about the possibility of the Layer 1 network going bust. To learn more about why the Optimistic Rollups prevent such events, click here: https://developer.offchainlabs.com/docs/rollup_basics
DroEats Twitter: https://twitter.com/DroEats