An IBNFTO is a new way to release an early token by bringing the power of DeFi to NFTs. It has been conceptualized with the goal of building an early and fair DAO directly with the community, bypassing crypto Whales and VCs at early stages.

It is no secret that wealthy players stockpile large amounts of discounted tokens during Pre-Sales, which undermines any effort of building Democratic Decentralized Autonomous Organizations.

This is because more voting power (tokens) ends up in the hands of a few, playing against the vast majority of the other DAO members (you).

Most other public token release models (ICO/IDO/IEO/IBCO…) all carry the same disadvantages with the additional particularity that emitted liquidity is often circulating too quickly, creating large amounts of market volatility. Vesting mechanisms are thought to reduce early volatility risks, but in practice it isn’t ideal neither.

IBNFTOs could change this…

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Utility NFTs used for IBNFTOs

A Utility NFT is not just an image or a piece of artwork but also carries with it specificities allowing the NFT to interact with smart contracts in Decentralized Finance Applications.

Utility NFTs are keys unlocking features in DeFi Protocols.

Therefore, it becomes possible to bond (= lock or encapsulate) tokens within a NFT that will be released by a smart contract at a later date or under specific conditions. This allows to offer early tokens to anyone and with the same discounts and vested terms than Whales and crypto VCs obtain during presales, therefore allowing to reliably spread the early token distribution among much more participants.

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RariLend IBNFTO

RariLend Protocol** **aims to bring DeFi to NFTs by building the first fair DAO-backed Blue Chip NFT Marketplace & Lending / Borrowing Protocol with Yield incentives. Basically, a Premium NFT Marketplace where all listed collections have been vetted (approved) by the DAO and where Protocol profits are redistributed to token holders.

RariLend introduces the RED & BLUE PILLS** **as Utility and Governance NFTs launched as an IBNFTO. PILLS contain Bonded $RLP tokens sold at a discount as well as a Staking Power Boost over the Protocol Governance.

PILLS holders will have the choice at any time to:

• Stake their PILLS in the Governance contract in order to participate in the Platform’s Governance and share Protocol profits,

• Redeem PILLS into the Burning contract to release the $RLP tokens they contain over a period of time (180 days). Which will consequently decrease the supply of PILLS NFTs, therefore increasing their rarity and value for the remaining holders…

• Hodl or Resell the PILLS on NFT Marketplaces with their intrinsic value still tight to the advantages they contain.

These different options will allow to reduce the speed at which the $RLP liquidity locked within the PILLS will be released on the open Market, limiting the selling pressure on $RLP and favoring the RariLend ecosystem’s long-term sustainability*.*

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Use of Funds raised

• Liquidity for $RLP tokens on DEXes (IDO): 40%

• Marketing & Community: 30%

• Protocol Development: 30%

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You have a problem with authority, Mr. Anderson. You believe you are special, that somehow the rules do not apply to you. Obviously, you are mistaken.

• RHINEHEART

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Project info:

Official Website: https://www.rarilend.com/

PILLS Minter: https://www.rarilend.com/Pills-Minter

PILLS Utility: https://www.rarilend.com/Pills-Utility

DAO on Discord: https://discord.gg/ZUjbSw3d5A

Twitter: https://twitter.com/RariLend