BY-Pass is a community driven DAO project that specializes in the trading of virtual real estate, metaverse, and gaming NFTs. We recognize these spaces as one of the fastest growing markets in cryptocurrency. Using funds from the DAO we hope work together as a community to bring to each other potential projects to invest in. As a community we will decide on how we plan on monetizing our land/gaming NFTs and when to sell to take profits. As our portfolio and capital grows, we will have increasing leverage within the space to build strategic partnerships to provide more opportunities. We differentiate ourselves from every other fractionalized DAO out there through a variety of different reasons:

In the current landscape of fractionalized DAOs, ownership of the vault is almost conceptual in that most NFT owners of these DAOs do not really experience a return on investment. Tokens generated by these fractionalized DAOs are supposed to represent ownership and give utility to owners; however, in most cases, owners focus only on floor price and tokens lose value due to the difficulty of balancing tokenomics. In the end, the DAO’s vault is split between thousands of owners and your fraction represents a small number.

Rather than reinvent the wheel and establish a new token which every other DAO/project has done, we would like to invest ourselves into the future of Neo Tokyo. In an effort to be transparent, there is no official collaboration with Neo Toyko nor are we affiliated with them. We feel that Neo Tokyo is one of the fastest growing projects in the NFT community. It has positioned itself to be one of the leaders in the gaming metaverse world. For our monthly rewards, we will airdrop $BYTES to our holders based on their NFT allocation. As future utility is developed for $BYTES through NT you are earning an appreciating asset in addition to the NFT that you hold.

Profit sharing will begin after the first month from the mint date. A snapshot will be taken on the last day of every month. Ex. if a person sells their NFT a day before the snapshot, they will not receive an airdrop. You will receive an airdrop of $BYTES based on your NFT allocation. Funding for the airdrop is based on 5.0% royalties from secondary sales and 30% net profits for that month. The rest of the profits will be reinvested back into the DAO community wallet so that we can continue to grow

Funding for the DAO community wallet will be from 3 different sources: 90% of the initial sale of the NFT, 2.5% royalty through secondary sales, and 60% of the profits generated through active trading. The goal is to not make money from the initial sale of the NFT but for our team to build wealth with the rest of the community.

Transparency is extremely important to our team to build trust in the community. We will be providing the community with monthly financial reports. Our balances will be updated regularly so holders will be able to see our total assets, profits, and losses at any time. All sales/buys will be calculated in terms of ETH to stay consistent.

Initial profit allocation is set to 60% because we want our community wallet to grow aggressively. Every 6 months this number can be revisited and voted on my the community to increase allocations to monthly airdrops and to decrease allocations to the community wallet.

Supply limit of 1045 NFT genesis passes which grants you access to our alpha discord and monthly rewards. The tiered system represents your allocation of monthly airdrops. The higher allocation NFTs will receive a larger airdrop.

The 1st Tier will receive 315% of what the lowest Tier receives and the 2nd Tier will receive 205% of what the lowest Tier receives. Ex. If Tier 1 receive 3.15 Byte, Tier 2 would receive 2.05 bytes, and Tier 3 would receive 1 bytes.

1st Tier High Allocation: 0.3 ETH — Supply limit of 265

2nd Tier: Medium Allocation: 0.2 ETH — Supply limit of 365

3rd Tier Low Allocation:: 0.1 ETH — Supply limit of 415

This brings our initial funding in the DAO to 185 ETH. Minting will be limited to 1 per person. 45 NFTs or 15 of each tier will be reserved for the team and for giveaways.

One of the reasons why our mint price is higher than most is because we wanted to keep a low supply cap. From experience we felt that a smaller community would make it easier for a DAO to operate. We want to focus on a small top tiered alpha group. When you incorporate a larger supply cap like 5k or 10k you may start seeing 100s of proposals coming in at one time and it can be difficult for us to focus on the best projects to invest in.

As we continue to grow this project and prove ourselves, there will be plans on introducing a secondary drop to allow other people to join our community

We plan on using a multisig wallet using this website: https://gnosis-safe.io/. This is used already by many of the larger DAOs. We are planning on a total of 5 members that are signers to this wallet — 3 members will be from our founding team and 2 will be voted in by the community.

Owning a By-Pass NFT allows for governance over what we do with our DAO community wallet and where we position the DAO moving forward. Being part of the DAO opens access to our discord and private channels. The Tier you own determines the number of votes you will have. Tier 1 is equivalent to 3 votes, Tier 2 is 2 votes, and Tier 3 is 1 vote.

Through the DAO, members will be allowed to submit proposals for potential investments. The first step in the process would be submitting an investment proposal in the appropriate channel where members will be able to vote on the proposal. More details about the formatting of the proposals will be in the private discord channel after minting. If a proposal generates enough interest and votes it will be submitted to the board members for approval. After a proposal has been approved by the board members, it will then be submitted to snapshot where we will have a final offical vote for the proposal. If the proposal is approved then the trade will be executed with our multisig signers.

The half of the board members will voted in by the community. These will be individuals that the community trusts to make the best investment decision for our DAO moving forward. They will have the responsibility of deciding which proposals will be submitted to snapshot.

Founding Team

Founder: Jordi

Team Manager: CFused

Community Manager: ACELINEMAN

DAO/Investment Manager: Brushandflossyour.eth

The founding team will only receive 10% of the initial mint in order to pay for the initial costs invested into this project. 90% of the initial mint will fund the community wallet. The team does not make any money through secondary sales. We do not plan on sitting on the sidelines and be rewarded from secondary sales for doing nothing. We are going to continue to push boundaries as an investment dao and will be rewarded with 10% of the profits that are generated from our community.