Elite Sheep | Whitepaper v1.0

Discord | Twitter | Instagram | By Jack O’Gorman CEO & Cory Hayes CMO | Elite Sheep

Prologue…

“We live in a world where the rich become richer and the poor get poorer day by day. Becoming part of the 1% isn't something everyone can do.

It means hard work, high-yielding yet safer investments, in-depth knowledge of the value of the markets, and an Elite network of people to collaborate and learn with.

Elite Sheep was founded to assist people on this very journey from the 99%-1%.

Do you have what it takes to become an Elite Sheep?

ABOUT US

Elite sheep is a utility driven PFP NFT project, aimed at incentivising and educating the 99% of people who are interested in blockchain, but haven't been given the initiative to learn more. Via a tokenised raffle and ranking system, people will use our NFT's to allow access into education and insights of the 1% on how to attain passive income and build wealth through blockchain technologies.

It’s our mission to ensure that anyone learning and engaging should be rewarded, and further incentivised to stay with the project as we expand on the roadmap. The end goal will result in a DAO where elected governors/members will put their acquired knowledge to the test and guide the project for future use.

WHAT PROBLEMS ARE WE ADDRESSING?

These are problems/market opportunities in the NFT market to date : (i) Most current PFP (profile picture) projects don’t offer multiple IRL (in real-life) or Digital utilities (ii) Peers that are interested in NFT’s and Blockchain but haven't been given the incentive or support to learn more. (iii) There is a lack of information regarding transparency of projects, tokenomics, and the underlying technology that allow NFT’s to function. New users entering the NFT ecosystem may not be entirely educated on the NFT market in general. This lack of education can lead to many negative experiences for the end user. Building trust is essential in this space. Such as : (i) BAYC’S the other-side - users experienced a loss of gas fees. This could have been prevented if users were notified of the implications of high network activity on the chain, prior to launch. The launch could have been systemised in phases. (ii) “Rug pull projects” where users are enticed into purchasing NFT’s with the promise of benefit, but the project site and details disappear. The value of the NFT becomes worthless as no utilities can be claimed. The consensus is that we need to solve the following problems : (i) Offer multiple utilities that will benefit the user in the long run, resulting in a shift towards long-term thinking for the marketplace. (ii) Offering education based on blockchain technology, building passive income through crypto via NFT’s, and due diligence when it comes to the market.

WHAT CAN OUR PROJECT OFFER YOU?

These are the many utilities you can access from our NFT’s. Utilising them will help you on the journey to become like the 1%! PFP + L2E (Profile picture and learn to earn) To encourage people to learn more we will implement a “Learn to earn” system. The more you “learn”, the more you “earn”. Your PFP will be the identity in this community and gateway to the utilities. We will put you to the test as you continuously learn! Upon successful completion, rewards will be airdropped in ETH to all members. This feedback loop will incentivise users to learn more and earn rewards for participation in the project, and most importantly the NFT ecosystem. The solution to the challenge lies within you. DD + MR (Due diligence + Market Research) We will be offering due diligence, market research, and an alert system available to the community in our dedicated servers, ensuring people operate and attain wealth in a securely conducted manner. Knowledge from the “1%” will be distributed evenly to all members in the community. TAT (Ticket as a token) Our NFT’s will be used for access to Digital and IRL events including AMA’s (ask me anything), Meet and greets with high net worth individuals. We also have implemented a tokenised raffle system so our users can enter raffles via the unique Metadata our NFT’s contain. SAT (Staking as a token) Upon reaching 50% of mint from phase 1, as a bonus utility, the team behind the Project will allocate the proceeds to the staking fund, estimate - 8.5% APY, entitled to our community (collection owners). The staked rewards will then be airdropped quarterly or annually back to our most active users and current owners of the collection, as a form of dividends and a way to give back to the community. This will be decided by the DAO we create (the community). Verification of ownership via wallet connection will be used to access the staking pool and claim your rewards. UNIQUE REWARDS Like the 1% obtaining status was no easy feat, in our upcoming phases you get the chance to compete with others to obtain a legendary NFT. Earning a unique NFT will entitle our members to IRL perks affiliated with each retrospective NFT. Such as art containing the Burj Khalifa, could be given first class tickets on emirates to Dubai to visit, or Kanye west VIP concert tickets. Everyone has a fair chance but it's still luck of the draw. The unique metadata from each unique NFT will be used to verify access into the community thanks to the smart contracts written for our platforms and native site. DAO (DECENTRALISED AUTONOMOUS ORGANISATION) + web 3.0 fund After creating a community of well-educated individuals, the founders of the team will be delegating all decisions to all elected governors of the community via the voting system from our NFT’s. The community will utilise their knowledge and ultimately narrate the project’s vision. Partaking in the whitelisting entitles you to exclusive access to our first round edition NFT celebrities and a chance to network with these affluent individuals. Due to our current connections, owning our NFT's places you in a financially advantageous position pertaining to our target market (the 1%) and potential affiliates have been notified of each drop and release. The above should generate enough hype behind the project's initial kickstart. The project supply will be capped at 10,001 pieces ever, allowing the rarity of each piece to mature and appreciate with a higher than average floor price in analysis of our fellow competitors (exc. utilities and other incentives) Ironically, the term "Sheep" is associated with a herd mentality yet the community is part 99% and welcome to witness the events organised. Emulating the 1% initially, the project's aim is to inspire the world by recreating their idols. From your favourite NBA player to movie-star, the project collection aims to create a source of inspiration for all, ultimately resonating with the community. We all have people we look up to, Musk? Mandela? DiCaprio? Lebron? Open voting sessions via DAO for our community and investors. Pertaining our initial first series success, the future releases of our project are open to interpretation and decision by our investors. Via our site and distribution channels (Discord,IG,etc...) voting sessions AKA governance will allow investors to decide what celebrities or notable persons are recreated by our artists. This instills within the community a given voice, and an idea for what they want to see in the marketplace. It also creates a desire for the community to purchase or partake in the whitelisting of each drop. At the end of Phase 3 we will open the Web 3.0 fund allocating $1M (upon successful revenue targets) in funds to a startup created and voted by the community. Your voice matters. This is also fully decentralised as the team behind the project will not interfere in what the community decides when it comes to governance period (voting).

WHAT MAKES OUR COMMUNITY DIFFERENT?

Upon reaching 50% of mint for the entire project, the team behind the Project allocates proceeds to a staking fund so we can create Virtual RE in our own Metaverse that is interoperable with others, also allowing our NFT owners to take part equity in the project too. This way, NFT holders can build networks and strengthen bonds with other owners (Including the 1%) in the space. The entity not only creates a community of equally passionate artists and crypto enthusiasts but also fortifies the relationships between one NFT holder and another. “We want to work towards the creation of a unified community around a product that is highly appreciated and valued where the playing field is levelled, in terms of wealth equality” Our royalties scheme also offers a percentage of the commissions towards charities as well as any commission you receive from the resale of your asset (Should you wish to sell your art to a high profile individual). By owning a piece from each project you own an asset that will be highly valued at some stage by the market or either our other community members. By investing in our community, a direct donation to endangered sheep or "Kingdom Animalia" to feed third-world families, and also watch the benefits of your royalties help others through our donations, via our affiliates streaming systems. Part of the royalties that will be donated can be chosen again via Governance, so you can fully experience part of the project's funds making real world change to people's lives (via digital connection). This will be achieved by the elite sheep fund. A separate entity created to handle these matters. A community built on distributing wealth is the ultimate vision!

TRANSPARENCY

As always, transparency is a key aspect of web 3.0 and any project managers should strive to be clear and concise with the community. For Elite Sheep, the team has “doxxed” themselves and placed their Linkedin accounts and twitter profiles alongside the discord. The founders have agreed to host AMA’s and also want to interact regularly with the community. Collaboration and engagement is required in order to achieve the full potential of the project. The project’s smart contract repository on Github has also been linked, as keeping the project open-source is very important to the team.

PROJECT SCALABILITY

We will use Ethereum's Blockchain for our first phase. There are other options such as Algorand and polygon but due to altcoin volatility and less market share, Ethereum is the best and stable solution in order to scale this project to its maximum potential. Thanks to our skilled developers we will use Merckle Tree whitelist servers to reduce the Gas fees for the community. The release of ETH 2.0 should also reduce fees furthermore.

DAPP (DECENTRALISED APP)

Decentralisation is the future. As we scale, we aspire to release a decentralised app (DAPP) for the community in which all native voting sessions and events can be shared with the investors before new collection releases.

KYC CHOICE

KYC (Know your customer) is a form of identification using an individual's ID or sensitive information. We require none of this to partake in purchasing our NFT’s because your data should not be taken advantage of. What you look like or your name and ethnicity should not matter to participate in our community or events. We ultimately believe the future is freedom of choice regarding your data! You only choose to give away information required for the IRL rewards/events, and if you don't want to redeem it you can always resell it to another user.

FINAL WORDS

NFT's are a relatively new paradigm. The whole concept of owning something digitally, bypassing the need of tangible proof, can be hard to imagine. Share certificates? House deposit contracts? Specific Patents? Do we even need that anymore? The transition to a digital world is inevitable. So we may as-well prepare and partake in it. The future is what we make of it. We hope you join in our journey as we endeavour to learn more!

References : Visual capitalist wealth inequality graph