*While not intrinsically a part of the $DOWN Vault ecosystem, the CryptoVisions Daily NFT sales will have 10% of their revenue allocated to a 5/5 split to the $DOWN Vault and the $DOWN DAO treasury.

CryptoVisions Daily is a simple automated workflow meant to showcase the potential for blockchain native/dependent art thanks to a combination of two incredibly powerful tools/methods that have recently become accessible. Namely; AI and account abstraction.

To explain it in a TLDR; Everyday at 4pm EST, a workflow is triggered that pulls api data from CoinGecko about daily value and changes it, in price and volume, for a specified (adjustable, currently $FIL) cryptocurrency, and applies that data to pallette and styling variables to be inserted into a GPT 3.5 prompt [templated by myself*] that creates an image, uploads it to IPFS, and uses a pre-funded wallet to mint a 1:1 NFT as an ERC721 on a smart contract purpose-made for CryptoVisions.

I mention that I templated the GPT prompt myself because I'm rather experienced with AI as an art medium. You likely wouldn't be surprised to learn that the cover image was generated with an AI model. But you may be surprised to learn that it was done in 2021, long before anyone had ever heard of anything called ChatGPT, or large language models or natural Language models, and in fact was done with a GAN model, not a large language model. But that's besides the point. The point is, I am fairly experienced with using AI as an art tool, for what it’s worth in this context.

At present there is no real utilities planned for the Crypto Visions collection, but it is likely that it will transition to a system where every artwork owned is counted as one vote in governance mechanics. Such as such as determining the coin for which the data is pulled? What data is pulled to reference As for variables. What the price of artworks should be set at when they're listed? Whether they should be listed at all. And. Et cetera.

All of the artworks are minted on Polygon to ensure that gas fees are manageable, and a portion (a small portion) of sales will be retained by the minting wallet to fund transaction fees for running the automations and minting the artworks.

As a possible alternative, or addition, to simply listing the NFTs on a marketplace, there is also the possibility of providing them through fractionalization. This can be achieved using the NFT 20 protocol, which enables seamless conversion of each artwork in both directions. For instance, CryptoVisions20 Coins could be utilized, introducing an intriguing mechanic where 100 new tokens are issued daily. Consequently, a new artwork becomes available every day at the cost of 100 tokens. This dynamic approach creates a highly fluid and interactive art market. Moreover, if this model is adopted, a significant portion of the revenue from any sold artworks, as well as the resale royalties if/when present, would be allocated to deepening liquidity via buyback provisions (If an NFT is sold for 100 $MATIC, then 50 $MATIC would be used to market buy CryptoVisions20 tokens and supply liquidity.

Overall, the Crypto Visions Daily project is largely up for determination as far as the exact mechanics and the revenue model and other aspects that could come to change in the future. But it's live and it's functioning, and it's interesting and fun.

As another example of the artwork, The piece embedded below is a slightly modified example of the works created by the automation. Specifically. This is the seventh piece generated. And the text written as well as the red X are added to preserve the authenticity and uniqueness of the one of one Crypto Visions Daily #7.

https://opensea.io/assets/0x9067bbd297A3Ee6F2fB9311906C6bA2dC4F59339/1

The Rise of $DOWN - Q3 Update Defying the bear market with unwavering determination!

GM Anons!

We acknowledge that our communication has been relatively quiet lately, and it may give the impression that the development of the $DOWN Vault ecosystem has been stagnant throughout most of the year. However, that couldn't be further from the truth. Behind the scenes, significant progress has been made, despite the challenges of being a solo project manager. Today, we will shed light on the updates that haven't received much attention yet.

We'll discuss ongoing projects, recent deployments, and unforeseen obstacles encountered with third-party platforms. Fortunately, in the world of crypto, everything is highly composable, allowing us to adapt and overcome. Let's dive into the details!

Here's what we'll cover:

1. NFT Gachapon

2. Farewell to DeBets

3. Introducing the $DOWN Lottery

4. Unveiling the Game of KEKs

5. AI Tools for the Future

6. Embarking on the $DOWN Town Multiverse

7. NF-Tea Time Podcast Resurrection

8. Transitioning from Satin to Retro

9. Exploring the Potential of Bonds

10. Exciting Collaborations

11. OpenCord: A Web3 Alternative

12. Unleashing GPT-Powered DAOs

**As you can see, there's a lot to cover, which has contributed to the intermittent updates. I take responsibility for my subpar organizational skills and involvement in numerous projects simultaneously. However, we aim to address all aspects comprehensively. Let's delve into the specifics.

But first, a meme: **

1. NFT Gachapon We're thrilled to announce the recent deployment of the $DOWN Decentralized Gachapon machine, powered by battle-tested smart contracts developed by Doki Doki Finance. For a cost of $20 USDC per spin, users can receive a random NFT prize while simultaneously contributing to the $DOWN DAO treasury and the $DOWN Vault. Although some prizes are rarer and more valuable, every spin guarantees a prize distribution: $10 to the DAO, $5 to the Vault, and $5 to Bruce.

2. Farewell to DeBets Our brief excitement for the permissionless platform DeBets.org, with its plans for decentralized casino games integrated with ERC20 tokens, came to an end. Unfortunately, the platform has been taken down, possibly due to market conditions, regulatory concerns, or other unknown factors. Nevertheless, we believe in the power of composability and will create our own interface to interact with smart contracts, allowing $DOWN holders to enjoy gambling experiences with their coins.

3. Introducing the $DOWN Lottery In our pursuit of thrilling experiences, we recently launched an automated lottery game utilizing $DOWN as entries and prizes. This perpetual lottery draws prizes from ticket sales, with each ticket priced at 50 $DOWN. Every 25 ticket sales, a winner is chosen, offering an opportunity to win 25 times the ticket price (minus a minor fee paid to the $DOWN Vault).

4. Unveiling the Game of KEKs We're keeping the details of the Game of KEKs under wraps for now. What we can reveal is that it presents a gamified collecting experience loosely inspired by Checks. It starts with an open edition NFT, available for minting. As a bonus, you can earn a 5% referral bonus on any mints originating from your personalized referral link. Additionally, a portion of the revenue generated by the Game of KEKs NFTs will be automatically deposited into the $DOWN Vault.

5. AI Tools for the Future We are venturing into the realm of custom-trained generative AI models, designed to enhance the crypto ecosystem and extend into Web 2. Owning $DOWN tokens will soon become a prerequisite for accessing a variety of AI models with diverse functions. These AI tools will contribute to additional revenue streams, further strengthening the value of $DOWN Vault tokens.

6. Embarking on the $DOWN Town Multiverse The $DOWN Town Multiverse is a vast and exciting endeavor that deserves its own dedicated post. In summary, there are numerous unused spaces within the Metaverse, locked away among my extensive collection of NFTs. It's wasteful not to utilize these locations for the benefit of the $DOWN community. Soon, we'll hold a building contest, allowing community members to transform these spaces into vibrant hubs for events, galleries, concerts, talk shows, and more. Our long-term vision is to integrate all accumulated Metaverse properties into a multi-modal, multi-metaverse experiential network known as $DOWN Town. Stay tuned for updates!

7. NF-Tea Time Podcast Resurrection After a hiatus, the NF-Tea Time podcast is making a comeback with a twist. Rather than rushing to secure guests before recording, we'll engage in real-time discussions (yes, vocal discussions) with various AI personas, NFT project representatives, individuals facing similar challenges in the crypto world, and perhaps even conduct "man on the street" style interviews to infuse unpredictability into the routine.

8. Transitioning from Satin to Retro
   While the discontinuation of the Satin dex and one of our staking programs may have affected only a few, we are adapting to the evolving landscape. The Satin team plans to re-deploy with updated contracts under the name Retro.Finance. We’ll see what happens on their part this month. In the meantime, yield farming campaigns will be redeployed, enabling LPs to stake their placeholder tokens from the ETH/MATIC/DOWN weighted pool on Balancer. Additionally, we will introduce an additional staking program utilizing LP tokens from Unipilot, a concentrated liquidity protocol built on top of Uniswap V3.

9. Exploring the Potential of Bonds Although neglected due to my busy schedule (for which I take full responsibility), the NFT bonds program holds immense promise. Modeled loosely after the widely adopted Olympus DAO bonding mechanism, our approach distinguishes itself by vesting tokens exclusively to owners of NFT bonds. These bonds will be sold at a discounted rate compared to the market value of $DOWN, entitling the NFTs themselves to claim $DOWN over time based on their token ID. This innovative method ensures revenue generated will be matched with $DOWN from the DAO treasury, enriching liquidity pools, expanding the DAO's POL holdings, and fostering equitable distribution among various pools.

10. Exciting Collaborations We're thrilled to announce upcoming collaborations that will strengthen our ecosystem. Stay tuned for updates as we join forces with like-minded projects to create synergies, drive innovation, and enhance the value proposition of $DOWN.

11. OpenCord: A Web3 Alternative Discord, Telegram, and Twitter have become somewhat of a bane for all of us. If you've spent excessive time on these platforms since 2022, imagine our plight, clocking over 60 hours per week in the space since 2020. Finally, a web3-native alternative to Discord has emerged, showing promise as a suitable replacement. While we don't expect everyone to abandon Discord entirely, we will prioritize posting crucial updates and information on OpenCord. We're also exploring other tools, although many still require significant improvements. Look out for important info in OpenCord and DAO Manager.

12. ***\*Ahem\****

    CENTAURS. Today, we stumbled upon an intriguing concept that holds tremendous potential: GPT-Powered DAOs. We’ve previously deployed a Gnosis Safe for the treasury, and a Moloch DAO via DAOhaus, but neither are too far along to migrate if it seems like a solid option; which may even be unnecessary as it seems the Centaurs

With unwavering determination, we're navigating the bear market while relentlessly progressing the $DOWN Vault ecosystem. Our commitment to transparency and excellence drives us forward, even in challenging times. Join us as we redefine possibilities and continue shaping the future of social tokens and the creator economy. Together, we will triumph over adversity and thrive. The best is yet to come!

LINKS:

https://s.opencord.xyz/nb3jyJJw

https://app.unipilot.io/positions/0xe43b9bdf986182db79ae1221b1943be9d769f319

https://manager.daolens.com/app/dao/$DOWN%20DAO/776/overview?invite=true

What a year it’s been. After the parabolic rise of NFTs, and the ensuing bull-run euphoria, 2021 made us all feel like we were invincible. Probably the best traders ever. Unstoppable. Bitcoin was going to 100k and ETH was headed for 10. We got cocky, and in our arrogance we got sloppy.

Fixed 20% yields, stablecoins propped up by bitcoin, major protocols taking loans against their own tokens, and a charming 30-something building the 3rd largest exchange in the world in under 3 years. F---ing sloppy. But if you’re reading this, that means you’re too deep in the rabbit-hole to leave over some blood in the streets. That means you’re our people. And it means you’ve made it through the worst of it, and came out smarter on the other side.

Through all of it, $DOWN has been quietly moving sideways; which is rather impressive considering the rest of the market!

The idea for $DOWN Vault token originally came about during the spring of 2020, following the wallet compromise experienced by one of the popular social token issuance platforms. You can read the first iteration of the idea on Cent; written before the infrastructure was readily accessible to be able to deploy the tokenomics envisioned, without the need for a dev to be consistently involved.

So let’s run it down; here’s a footnotes version of what we accomplished in 2022:

• Launched the world’s first social token with an on-chain, intrinsic link to an underlying asset reserve, which can expand limitlessly; in a decentralized manner

• Contained a mathematical paradox to invent “quantum compounding”

• Participated in the 1st cohort of Vinci DAO, joined Startup With Chainlink, joined the 1st cohort of students at Alchemy University

• Became on of the earliest sponsors of ‘Curated’ an upcoming digi-physical cryptoart magazine

• Created the first* Web3-native internet radio

• Expanded $DOWN from Ethereum to Polygon, Optimism, FUSE, and Solana (Soon Arbirtrum & BSC)

• Added over a dozen historically significant NFTs to the $DOWN Vault reserves [and over 50 other NFTs!]

• Began development of FlockSwap; a multi-chain DEX that will focus on improving liquidity for creators’ social tokens

• Established multiple staking/LP reward mechanisms for $DOWN hodl’ers

• Deployed ‘pay-splits’ contracts for multiple NFT contracts; to passively increase the $DOWN Vault reserve index

• Created and deployed the $DOWN DeGacha, a decentralized Gachapon that guarantees an NFT reward on every spin, while every spin adds USDC to the $DOWN Vault portfolio

• Initiated several methods for $DOWN DAO members to participate in cooperative strategies in both DeFi and NFTs

• Launched a ReFi index token via TokenSets *pending DOWN/REFI LP incentives

• Developed the first* Ohmie-esque DeFi bonding powered by NFTs

Given the time to sift through links and update posts, it’s likely that there’s at least a few notable progress milestones that aren’t mentioned, but in short, it’s safe to say that 2022 has been a monumental year of progress toward our goal of establishing and optimizing a new primitive for the social token sector. Yes, even despite the market turmoil, the exploits, and the regulatory uncertainty. And realistically, we’re just getting started.

And 2023 is looking awfully exciting as well. Here’s a few things to look out for:- Live shows on $DOWN FM - Release of the $DOWN NFT bonding mechanism - $DOWN Token standard technical blueprint- Social tokens 2.0 launchpad/incubator - Tax-loss harvesting strategy - Additional holder benefits - Token-gated access to exclusive merch/NFTs/content - Web 3.0 educational workshops - The Social Tokens Syndicate (working title) - $DOWN Town - A multi-metaverse experiential adventure - $DOWN DAO public access

Also worth noting; in relation to the goals of launching a social tokens issuance platform for next-gen social tokens, is this: After the opening of the launchpad/incubator, $DOWN will be pivoted to primarily serve the social token purpose; with a new token to be designed and released to serve as governance and utility for the token-issuance platform.

LINKS TO MENTIONED TOPICS $DOWN FM | Staking/LP Rewards | $REFI | Gachapon |

Other Links:WEBSITE | Phi Land

Tokens sent to a burn address or ‘dead’ wallet would therefore no longer be available to be redeemed for their proportional ETH in the event of a buyout, leading to “frozen” ETH that can only be claimed through the redemption of $DOWN.

To offer a simpler explanation; the $DOWN Vault NFT currently has a reserve bid threshold of 500 ETH. Assuming that there are no concurrent bids if the reserve is met, then the total issued supply of $DOWN at the time of sale would be redeemable for a total 500 ETH. If 10% of the tokens’ supply had been burned prior to the buyout (by being transferred to a traditional ‘burn address’), then 50 ETH would from the buyout would be ‘locked’ in the smart-contract forever, due to it being impossible to recover the burned tokens, along with the inability of the smart-contract to calculate the adjusted token supply and associated allocation of ETH per token based on the adjusted values.

Alternatively, using $DOWN’s underlying NFT as the destination for any strategies intended to reduce token supply acheives the same result, with added benefits.
These added benefits, if not already obvious, are the following: - Any $DOWN held in the $DOWN Vault NFT is able to be redeemed for its’ proportional share of ETH after buyout, providing any would-be buyer with an instantly available rebate of their spent ETH. (With a current minimum of 10% based on the 1,000,000+ $DOWN tokens held in the vault) - In accordance with the existing “quantum compounding” mechanic, any $DOWN “burned” to the Vault is both affected by the value-compounding effect of the $DOWN previously held within the NFT, as well as increasing the magnitude of said effect with each new ‘burn’.

Hopefully we’ve explained this concept in a manner that isn’t terribly hard to visualize or otherwise make sense of; since honestly, the nature of “quantum compounding” is inherently paradoxical, and we’re not certain exactly how to calculate additional sources of the same effect. To simplify the overall message of this post, we’ll ignore the theoretical compounding value increases to state hard facts for reference.

If the $DOWN Vault NFT is acquired at a cost of 500 ETH, the initial 10% supply held by the NFT would allow the buyer to redeem the contained $DOWN tokens, burning them permanently to receive 50 ETH (10% of the 500 eth purchase price). Any additional burns through the lifetime of the project therefore increase the buyers redeemable ETH after buyout. Before a buyout though, “burning” 100,000 tokens to the vault would reduce the circulating supply by 1%, hypothetically increasing the tokens value solely based on the supply reduction, while also increasing the tokens’ value based on the increased value of the assets that back the token.

Again, hopefully this makes sense; it’s not the easiest concept to attempt to explain, since the human brain will always try to form a logical understanding; and is very reluctant to accept a paradox as fact.

ESTO DEBE SER CONSIDERADO UNA VERSION 2 DEL WHITEPAPER DE LA BÓVEDA $DOWN. Hay algunos cambios pequeños respecto a la publicacion original del whitepapper

PRÓLOGO: Con el crecimiento parabólico de los NFT's y el concepto del metaverso en el ojo del público, es importante considerar que otras ideas Web 3.0 tambien ganarán atención del ojo público. Una de estas ideas es el concepto de "tokens sociales" (ERC-20 u otros activos fungibles en blockchain dados por creadores, influencers o comunidades a sus audiencias de una manera similar a los puntos de lealtad) Una vez que grandes influencers con millones de seguidores en redes sociales empiecen a adoptar el modelo de construcción de sus propias economías auto-soberanas, se producirá una ola enérgica de adopción de criptomonedas. El problema radica en que muchos emisores de "tokens sociales" no tienen la experiencia en el diseño de la economía de tokens, la gobernanza de las DAO o la gestión de la liquidez y la distribución. Debido a esta falta de experiencia, muy pocos tokens sociales son capaces de ganar suficiente tracción para ser un beneficio real para los holders, o para los creadores y las comunidades a las que el token está destinado a servir.

$DOWN es un experimento para apoyar un token social con valor intrínseco que no depende de la carrera del creador ni del crecimiento de la comunidad.

Objetivos

• Establecer un valor verificable para un token social:

Con muy pocas excepciones, los tokens sociales emitidos por los creadores son muy especulativos, con su oferta de valor generada por el éxito percibido, o el éxito esperado del creador emisor.

• Construir una demanda de mercado demostrable:

Para que los tokens sociales se afiancen de verdad, tendrá que haber un historial probado de que estos tokens tienen demanda o valor fuera de su economía nativa arraigada en un creador o comunidad específicos. Si bien existen estudios de casos de fichas sociales que derivan su valor del valor de una colección subyacente de activos NFT, estos ejemplos carecen de cualquier conexión tangible o ejecutable con los activos que se dice que respaldan su valor. Los tokens de este formato que han experimentado un crecimiento o una adopción significativos están casi universalmente gestionados o conceptualizados por ballenas que tienen la capacidad de inflar o manipular de otro modo el mercado, o utilizar su posición financiera e influencia social para cambiar la narrativa. Esto no quiere decir que estos factores sean la única razón, o incluso un factor, en el éxito de estos tokens, pero es una clara posibilidad, además de que estos emisores de tokens no se vean obstaculizados por los numerosos obstáculos a los que se enfrentan los creadores emergentes, los influenciadores y los constructores de comunidades que están establecidos, pero no tienen una inclinación técnica; o todavía están estableciendo su validez.

Disclaimer:

$DOWN es el primer modelo económico de token de su clase, y pretende servir como experimento y estudio sobre el estado actual y futuro del sector de los tokens sociales. El token se basa en protocolos y contratos inteligentes de terceros que no han sido auditados internamente, pero que han sido auditados individualmente por autoridades establecidas en la programación de contratos inteligentes y la ciberseguridad. Nada de lo contenido en este informe debe tomarse como asesoramiento legal, financiero o de inversión. Las declaraciones anteriores y siguientes se proporcionan únicamente para su información general; cualquier acción que se tome basada en el contenido de este informe es únicamente bajo su propio riesgo y discreción. Nada de lo contenido en este informe pretende ser una solicitud, una oferta o una promesa de beneficio financiero.

Terminología

$DOWN: A lo largo de este documento técnico, "$DOWN" (también denominado "el token", "fracciones" o "fragmentos") se refiere al token criptográfico compatible con ERC-20 desplegado en el marco del contrato inteligente con el nombre registrado "$DOWN Vault Token".

Bóveda de $DOWN: En este documento, las menciones a la "Bóveda de $DOWN", "la colección de NFT" o "la bóveda" hacen referencia a un token no fungible que cumple con el ERC-721 en la red Ethereum, que asegura la clave privada para un monedero de múltiples activos y los emparejamientos de clave pública/privada asociados.

Valor Dentro de este documento, cualquier mención de un "valor inherente" o "punto de precio" o cualquier nomenclatura similar utilizada para hacer referencia a un valor monetario o de otro tipo, el valor propuesto es únicamente hipotético y no ha sido sometido a ninguna auditoría o evaluación profesional. Además, estos valores hipotéticos se basan en un mercado altamente volátil debido a que el valor se calcula (o se estima) en unidades de criptomoneda.

Resumen (técnico)

$DOWN se ha desplegado a través de Fractional.art como representación de la propiedad proporcional sobre los activos fungibles y no fungibles mantenidos dentro de una NFT de Emblem Vault. El uso del protocolo de bóveda de Emblem Finance ha facilitado la creación de pares de claves públicas y privadas que son válidos y capaces de recibir activos que se originan en numerosas redes de blockchain. Este NFT se ha transferido a la custodia de contratos inteligentes, con el fin de emitir tokens ERC-20 de 10 mm que representan la propiedad divisible de la bóveda y todo su contenido. Al utilizar una bóveda de Emblema, en lugar de simplemente depositar los NFTs contenidos en la custodia de contrato inteligente, el contrato de custodia ahora asegura una billetera multi-monedas aún funcional, lo que significa que la bóveda subyacente de la cual $DOWN deriva su valor puede continuar, sin necesidad de aprobación o verificación, recibiendo depósitos de $BTC, $BCH, Ether, ERC-20s, y NFTs de las siguientes redes: Bitcoin / Bitcoin Cash / Ethereum Mainnet / Counterparty / DOGE / y la mayoría de las cadenas compatibles con EVM.

Para adquirir la bóveda, y los activos que contiene, se debe hacer una oferta de reserva [que puede ser modificada por la gobernanza de la comunidad], momento en el que se inicia una subasta de 24 horas; el mejor postor podrá recuperar el NFT del contrato de custodia al finalizar. Si se vende, todos los holders pueden reclamar una parte proporcional del precio de venta, en función de la cantidad de tokens $DOWN que posean.

** Visión general (Atechnical)** $DOWN es un token de "propiedad fraccionaria", que representa una propiedad proporcional y divisible sobre una "cesta" de varios activos contenidos en una Bóveda de Emblemas que se mantiene actualmente en custodia por un contrato inteligente de Fractional.Art. Cualquiera puede añadir activos a la cesta de activos subyacente, pero no se puede retirar nada de su inventario, ni se puede eliminar, vender o modificar ninguno de los NFT o tokens contenidos. La bóveda en sí misma sólo puede ser transferida a un nuevo propietario iniciando y completando con éxito una subasta de compra; iniciada mediante la colocación de una oferta que alcance o supere un valor predeterminado, actualmente fijado en 500 $ETH (o ~1,5 millones de dólares estadounidenses en el momento de escribir este artículo). En el caso de que se produzca una compra exitosa, todos los holders de $DOWN podrán reclamar ETH en relación con la cantidad de $DOWN que tenían en el momento del cierre de la subasta.

"Este Token es ahora el máximo poder en la galaxia..."

• Darth Vader (Probablemente).

Indice:

• 1.) Propuesta de "valor".

• 1a.) "Valor" comprobable.

• 1b.) Crecimiento de Valor Descentralizado .

• 2.) $DOWN como Token Social del Creador.

• 3.) Compuesto cuántico.

• 4.) Poder adquisitivo colectivo.

• 5.) Economía de cadena cruzada.

• 6.) Tokenómica sostenible.

• 6a.) Suministro reciclado.

• 7.) Viabilidad autónoma.

1.) Propuesta de valor

$DOWN es un "token social" de formato único, que se inspira en las estrategias bien ejecutadas de los modelos de tokens "respaldados por activos" existentes, con mejoras y modificaciones destinadas a proporcionar un modelo para una nueva iteración de tokens personales y comunitarios. Mientras que algunos tokens establecidos tienen su valor enraizado en el valor de una colección de NFT, $DOWN está intrínsecamente ligado a la colección de activos de la que se deriva su principal propuesta de valor. Otra distinción importante radica en la capacidad de la cámara acorazada de $DOWN para albergar NFTs así como activos fungibles; que pueden proceder de varias redes de blockchain [véase la descripción técnica anterior]. Antes de la emisión de $DOWN, la bóveda de $DOWN se abasteció con varios NFT históricos, una variedad de obras originales de primera y única edición de BruceTheGoose (el emisor del token), y diversos tokens fungibles. Tras el despliegue, se han transferido activos adicionales a las direcciones públicas de la Bóveda del Emblema, verificando la capacidad de la bóveda para seguir recibiendo depósitos sin ninguna barrera. Mientras que la bóveda y su contenido pueden seguir aumentando en cantidad, y por lo tanto en valor hipotético, el token tiene una inflación fija del 1% por año; creando un potencial ilimitado para que los tokens derivados aumenten de valor de una manera verificable y transparente.

1a.) Valor comprobable Todos los activos contenidos en la Bóveda de $DOWN son verificables en sus exploradores de bloques asociados, así como su valor de mercado actual o más reciente, determinado por los "precios mínimos" y los valores de venta más recientes. Sin tener en cuenta el aspecto de "token social" del valor percibido de $DOWN; el valor de los tokens y NFTs que poseen colectivamente los titulares de $DOWN puede estimarse, con un mínimo demostrable, haciendo referencia a los precios mínimos de los NFTs contenidos y al valor de mercado de los tokens contenidos.

1b.) Crecimiento del valor descentralizado

Debido a la naturaleza sin permisos de las redes públicas de blockchain, así como la transparencia de las claves públicas; no hay necesidad de permiso o aprobación, y ningún método de acceso restringido en relación con la transferencia de activos en la bóveda que sustenta el valor del token $DOWN. Esto permite a cualquier comerciante, holder, o patrocinante depositar activos adicionales en la bóveda de $DOWN, lo que hipotéticamente aumenta el valor global de las colecciones. La posibilidad de que cualquier persona deposite una amplia variedad de activos en la cámara acorazada probablemente hará que el token sea más atractivo para los inversores que se centran más en el largo plazo o los que no comercian activamente. Aportar un NFT, un token establecido o incluso otros tokens de propiedad fraccionada o "cestas de activos" ofrece una forma de aumentar el valor de los $DOWN que cada uno posee, con total conocimiento de la "pérdida" resultante (en lugar de proporcionar liquidez en un mercado volátil y asumir el riesgo de una pérdida impertinente).

Además, la propiedad de $DOWN proporciona al titular derechos de gobernanza dentro del DAO de $DOWN, permitiendo a los holders de $DOWN proponer y ejecutar propuestas relacionadas con el uso de los fondos de la tesorería de $DAOwn para invertir en NFTs o tokens que luego se añadirán a la Bóveda de $DOWN o a la tesorería del DAO, aumentando aún más el valor percibido y demostrable del token.

2.) $DOWN, como Token Social del Creador **Las fuentes de valoración indicadas sólo representan la determinación del valor demostrable de $DOWN; como " token social" $DOWN también tiene su valor apoyado por el crecimiento profesional y creativo de BruceTheGoose; un adoptante temprano y entusiasta coleccionista de criptoarte y otras NFTs. (Se puede encontrar más información sobre Bruce en https://brucethegoose.art ) En un intento de proporcionar valor a $DOWN a perpetuidad, la mayoría, si no todas, las futuras creaciones de NFT de BruceTheGoose tendrán asignadas regalías divididas, configuradas de manera que una parte de todas las regalías de reventa de las creaciones de Bruce se depositarán automáticamente en la bóveda, para siempre. Además, Bruce continuará auto-curando y depositando primeras y únicas ediciones de sus NFTs de arte original, así como adquiriendo y depositando NFTs y fichas seleccionadas a mano.

3.) Compuesto cuántico Basado en la investigación interna, $DOWN es el primer intento de crear un modelo de token en el que el rendimiento del propio token se suma directamente y de forma perpetua al valor del token. Para lograr este objetivo, en el momento de la emisión, el 10% del suministro de $DOWN (1.000.000 de tokens) se depositó inmediatamente en la cámara acorazada que sustenta su valor. Esto significa, en teoría, que cada vez que el valor de mercado del token aumenta, el valor de los activos subyacentes aumenta en respuesta. Hipotéticamente, esto conduce a un aumento de valor que se autoperpetúa, basado en el siguiente formato:

Si el valor combinado del contenido de la caja fuerte, y por lo tanto los tokens derivados ($DOWN) aumentan su valor en 100 dólares, el valor total de la caja fuerte aumenta en 10 dólares en respuesta, debido a que la caja fuerte tiene el 10% de todos los $DOWN. El aumento del valor de la caja fuerte en 10$ adicionales incrementa entonces el valor de la caja fuerte en 1$ adicional (10% del aumento de valor anterior), luego 0,10$, luego 0,01$, y así sucesivamente.

Aunque el mercado no se ajustará automáticamente para reflejar este valor que se autoperpetúa, es probable que el sentimiento de la comunidad responda, motivando potencialmente depósitos adicionales, lo que acelerará efectivamente la autoperpetuación.

4.) Poder adquisitivo colectivo Aunque $DOWN es principalmente un "token social" asociado a un individuo concreto, el objetivo es establecer un modelo para futuros tokens sociales, en el que el valor del token no dependa principalmente del emisor original. En la búsqueda de este objetivo, el lanzamiento público de $DOWN irá acompañado del despliegue de $DAOwn, para lo cual la tesorería será sembrada con el 15% del suministro total de tokens, así como un porcentaje (por determinar) de los fondos generados por las ofertas públicas del token. La tesorería de $DAOwn será controlada por los titulares de $DOWN, lo que permitirá, con el consenso necesario, que cualquiera de los fondos de la tesorería se utilice para invertir en activos adicionales que se añadirán a la bóveda, que se gasten para crear campañas de marketing, que se intercambien por tokens de alto rendimiento potencial, o que se utilicen en diversas estrategias de DeFi. Esto también proporciona la capacidad para que el $DAOwn aumente la asignación de $DOWN de la bóveda, o para desplegar nuevas estrategias a través de las cuales obtener activos adicionales, establecer nuevas vías de valor comprobable, distribuir airdrops, etc.

5.) Economía de cadena cruzada Debido al alto coste de las tarifas de transacción en la red principal de Ethereum, muchas estrategias lucrativas de DeFi son inaccesibles o mucho menos efectivas para la mayoría de los aspirantes a degens. Para aliviar este obstáculo, $DOWN estará disponible en una base multicadena, lo que proporcionará una serie de beneficios tales como una mayor visibilidad del mercado, fuentes de liquidez adicionales, DeFi sin fricción, y la exposición a estrategias de rendimiento adicionales y ecosistemas NFT. Como método para probar su viabilidad, 1 $DOWN fue puenteado a $FUSE a través del puente Chainport, cuyo éxito verificó que Chainport permite la transferencia sin permisos de activos entre blockchains, sin requerir que el token sea previamente mapeado. En esencia, esto significa que $DOWN puede migrar sin problemas hacia y desde cualquier blockchain compatible con EVM; aprovechando los diferentes beneficios ofrecidos por varias cadenas, sin diluir el suministro del token mediante la emisión de tokens proxy en numerosas redes.

Tokenómica sostenible Para evitar grandes ventas, y para proporcionar tranquilidad a los holders y a los patrocinadores de $DOWN, hasta el 65% del suministro de tokens será liberado y distribuido durante un período de 2 años (El modelo de distribución de tokens se describe a continuación para la transparencia). Además, $DOWN será altamente utilitario para fomentar un flujo continuo del token a través de su ecosistema.

Algunos casos de uso iniciales incluyen

• Gobernanza de $DAOwn

• pago de servicios ofrecidos por BruceTheGoose y DappGoose Labs

• precios con descuento en mercancía digital y física

• acceso exclusivo a contenidos exclusivos y alfas,

• Yield Farming,

• Staking de un solo token

• la posibilidad de gastar $DOWN para adquirir NFTs que de otro modo no estarían disponibles. A través del futuro marketplace, $DOWN The Block

Como otro método para preservar la sostenibilidad de $DOWN, las mejores tasas de recompensa del staking vendrán en forma de NFTs canjeables o tokens distintos de $DOWN. Más concretamente, se establecerá un sistema de staking en el que los holders $DOWN podrán apostar $DOWN o tokens de LP por determinados pares para acumular puntos (en lugar de ganar tokens); con NFTs exclusivos disponibles al canjear los puntos.

6a. Reciclaje de la oferta Partiendo de la base de que una de las principales utilidades de $DOWN es el pago, o las tarifas reducidas a los holders, por los servicios, merch y NFTs ofrecidos por BruceTheGoose; los ingresos generados de esta manera apoyarán directamente la salud del mercado de $DOWN. Esto se logrará proporcionando el 25% de todos los ingresos generados por $DOWN a los fondos de recompensas de las iniciativas comunitarias, aumentando de forma efectiva la asignación inicial de recompensas, así como ampliando el calendario de lanzamientos.

MODELO DE DISTRIBUCIÓN DE TOKENS (v.2)

Suministro inicial: 10.000.000 $DOWN Cuota del curador: 1% de inflación al año

Reserva del artista: 15% - 1.500.000 [2 años de cronograma de adjudicación]**

Compuesto cuántico: 10% - 1.000.000 [Guardado dentro de la Bóveda de $DOWN]

Airdrops: 5% - 500.000 [3% a los titulares de OG de los NFT creados por BruceTheGoose, 2% a los drops de la comunidad]

Tesorería de $DOWN DAO: 15% - 1.500.000 [2 años de cronograma de adjudicación].

Recompensas de la comunidad: 35% - 3.500.000 [recompensas, Yield Farming, etc.]

Bonos NFT [próximamente]: 10% - 1.000.000 [ofrecidos periódicamente]

Presupuesto de marketing: 5% - 500.000

Fondo de desarrollo: 5% - 500.000

Viabilidad independiente Al establecer que $DOWN está respaldado por un valor demostrable, así como su presencia en múltiples redes, y continuar añadiendo activos a la bóveda subyacente, $DOWN tendrá un valor establecido y una presencia que no depende de su asociación con BruceTheGoose; convirtiéndolo en uno de los tokens sociales más universalmente relevantes del mercado. Incluso si el emisor dejara de contribuir a la caja fuerte, o sus utilidades de tokens directamente asociadas, no tendría la capacidad de eliminar la caja fuerte de la custodia del contrato inteligente, o de eliminar cualquiera de los contenidos de la caja fuerte a menos que desencadene y luego gane una subasta de compra, o mediante el control del 51% o más del suministro de tokens, lo que les permitiría modificar el precio de reserva (en cuyo caso todavía tendrían que ganar la subasta).

Información adicional:

UTILIDADES:

• NFTs exclusivos disponibles a través de $DOWN The Block

• Gobernanza del $DAOwn

• Pago de los servicios ofrecidos por BruceTheGoose

• Acceso para holders a contenidos y alfas , además de acceso anticipado a proyectos/nuevas características - ₲oose ₲ang [será anunciado]

• Cuotas de entrada a competiciones de juegos

• Yield / NFT Farming

• Mercancía

• Integraciones de terceros

Integraciones de terceros:

A medida que $DOWN se estabilice y crezca la demanda del mercado, Bruce aprovechará su amplio historial de redes dentro del espacio NFT para lanzar la integración de $DOWN a varios proyectos y protocolos. A través de estas integraciones, $DOWN ganará más reputación, además de proporcionar a los HOLDERS de $DOWN la exposición a activos y beneficios adicionales. Como ejemplo hipotético, $DOWN podría utilizarse para adquirir objetos exclusivos creados en colaboración con un juego play-to-earn, o para desbloquear el acceso a contenidos o canales en el sitio web o la discordia de un proyecto asociado.

DIRECCIONES DE CONTRATO:$DOWN Vault NFT - 0x82C7a8f707110f5FB16184A5933E9F78a34c6ab:7543251F Custodia fraccionada - 0xcfe4a93c6b0930bd46A8B375F113c9f398c27375

$DOWN Vault Token*(Mainnet/Root)* -0xcfe4a93c6b0930bd46A8B375F113c9f398c27375 Polygon (vía Chainport) - 0xa584484f422bfc2128566f8f954b7f2e31e94cc8 Polygon (PoS) - 0xA934bcBf24A7272781197b6559230c30bf0BB2e6 Optimism - 0x99aC4484e8a1dbd6A185380B3A811913Ac884D87

El objetivo a largo plazo es establecer $DOWN como un 'token social' de primer nivel, así como crear la evidencia de que el esquema tokenomics es muy superior a los formatos de token social anteriores; lo que beneficiará en gran medida a los creadores que están interesados en la emisión de un token social, o que han emitido un token social, pero están luchando para crear valor o demanda de mercado para el token como un activo viable.

DappGoose Labs LLC - 17/22 ACTUALIZADO - $DOWN DAO - 8/11/22

Todo el contenido de este documento se presenta únicamente para su conocimiento general, No debe ser considerado como asesoramiento legal, financiero o de inversión. Si usted decide tomar cualquier acción basada en el contenido de este whitepaper, lo hace bajo su propio riesgo y discreción. El objetivo de $DOWN es servir como incentivo y recompensa para la comunidad, no como vehículo de inversión. No podemos controlar las acciones de un entorno de mercado descentralizado, pero no respaldamos ni recomendamos oficialmente ningún tipo de compra o inversión de ningún token en redes y protocolos descentralizados. El uso de contratos inteligentes, criptomonedas, tokens o aplicaciones blockchain es inherentemente arriesgado, y debe hacerse con precaución y con suficiente conocimiento e investigación de los activos en los que se decide invertir

Información adicional:

La expansión de $DOWN en multicadenas y su amplia gama de utilidades permitirán que el token se convierta en el punto central de un ecosistema multifacético que abarcará DeFi, NFTs, Play-to-Earn, eventos IRL/Metaverse, entretenimiento en vivo, merch y mucho más.

En un futuro próximo está prevista la expansión a Solana, Aurora, BSC, Arbitrum y, potencialmente, a otras redes.

Las misiones, los retos y las recompensas estarán disponibles en varias plataformas, lo que permitirá a los usuarios contribuir directamente al éxito del experimento y ganar $DOWN en el proceso.

La NFT de $DOWN Vault (llamada $DOWN Depository), así como todos los activos contenidos, pueden verse en su plataforma nativa aquí, donde también se pueden encontrar todas las direcciones de monederos públicos disponibles para depósitos.

$DOWN ($DOWN Vault token) is an experimental and innovative ‘social-token’ engineered and deployed by BruceTheGoose and DappGoose Labs. The token works similarly to others in the social-token sector, in the sense that the tokens are a method for BruceTheGoose to promote their content, create incentives for various tasks and to reward participants in their projects, social media followers/engagement, and collectors of their cryptoart NFTs, etc. What sets $DOWN apart from other social tokens is that the tokens are intrinsically linked to an expanding reserve of assets by fractionalizing an Emblem Vault NFT in order to issue the token; instead of simply deploying an ERC-20 and finding ways to add value to it afterwards. Full details are available in the whitepaper.

FOREWORD pt.2:

The concept of token-bonding, as introduced by the Olympus DAO and $OHM allows participants to acquire a project or protocol’s tokens at (usually) a discounted rate in exchange for specified LP tokens, or other assets the seller wants to add to their treasury; often with the aim of accumulating “protocol-owned liquidity”. This enables the project to control an increasing portion of their token’s liquidity, as well as offering a passive method of increasing treasury value via trade fees and creating additional incentive for liquidity provision. While this concept has obvious benefits; it’s rarely acknowledged that in order to utilize the monetary value that this method adds to the treasury of the project/DAO/etc., it still requires removal of liquidity, or sale of native tokens to assets that are able to be used as payment for external products/services. While accumulating protocol owned liquidity is a highly effective way to improve market stability and build token liquidity, it’s less effective as a method of funding the DAO’s initiatives, goals, and investments.

$DOWN NFT BONDS

As an alternative to the token bonding method described above (as well as possible based on the author’s understanding) $DOWN Vault tokens will be made available via NFTs sold for ETH, stablecoins, or other established tokens that the DAO seeks to increase it’s holdings of.

These NFTs, to be issued on various chains and at various times as determined by the $DOWN DAO, will allow $DOWN to still be acquired at a discounted price in comparison to the market value at the time of deployment; while serving the same purpose of accumulating project-owned liquidity and vested token distribution. To accomplish this, each NFT Bond will entitle its owner to a specified number of $DOWN tokens, which will be airdropped to the wallets holding the NFTs on a weekly basis, until each NFT’s allocation is filled; while the revenue from sales will be strategically divided and used in the following ways:

• Deepen liquidity by providing X% of the revenue, and the proportional equivalent of $DOWN to select liquidity pools, with the LP tokens being deposited to the DAO multi-sig.

• Increase the provable backed value of $DOWN by depositing Y% of the revenue to the $DOWN Vault (the Emblem Vault NFT that underpins the tokens’ value)

• Keeping Z% of the revenue in the hot wallet utilized for operations, to be used for marketing campaigns, contest rewards, etc. without the need to create a new proposal and wait on the voting period and multi-sig signers to process every minor expense

To ensure that the $DOWN NFT bonds will consistently be a way for interested parties to obtain tokens at a discount, as well as retain value after their token allocations are filled by existing as a scarce collectible associated with the project, they will be created in limited editions, and sales will close after a determined time; with any unsold editions being burned and their token allocations therefore void (as opposed to burning their allocated tokens, which would be of little benefit due to $DOWN’s mechanics).

Sales of the NFT bonds will also create the potential for the project, and for purchasers of the NFTs to access additional value/benefits. Since the NFTs will be the point of reference for the delivery of their allocated tokens (not the wallet that was originally used for the purchase), an owner of a $DOWN bond NFT can sell it (potentially at a higher price than initially paid) as a collectible after the token allocation is complete; or, in the event that the tokens value increases to a point at which the tokens already received meet or exceed the value of the initial purchase, the bond could be resold and entitle the new owner to remaining portion of the allocated tokens.

SECONDARY MARKET SALES:

To ensure that bonds are not purchased on secondary markets under the impression that the buyer will be receiving that bond’s full token allocation, each bond will include ‘traits’ that display details of the vesting schedules; and each round of bond sales’ token distributions will share the same start date (as opposed to the vesting schedule beginning immediately on purchase). By using this format, a potential buyer will know exactly how much (if any) of a specific bond’s token vesting is still available.

As an additional benefit to using NFTs to offer token bonds, the NFTs’ contracts will include baked-in secondary sales royalties, which will be shared by the $DOWN DAO treasury and the $DOWN Vault further generating additional backing for the token, and operating capital for the DAO that doesn’t require the sale of $DOWN or removal of liquidity.

REGARDING THE ART

Additionally, each round of bond sales, and each individual tier made available per sale (currently planned as 3-5 tiers, dependent on the assets the DAO is seeking to accumulate during that round, and on the availability and market value of $DOWN at the time of issuance) will aim to be created with artwork from various artists; which will lead to each round of bonds (and each tier within each round) being unique and adding to the NFTs’ collectability.

While the exact details of the selection process are yet-to-be-determined; the goal will be to have the artwork created by a new group of established and emerging artists for each sale.

Established artists, many of which will be OG cryptoartists (since $DOWN is created by BruceTheGoose, who is an OG cryptoartist themself), will be offered a pre-determined commission for their work, and will receive payouts in a combination of $DOWN and their choice of Eth or stablecoins, ideally at a fixed rate, but potentially as a percentage of the bond sales (which will be determined prior to finalizing the revenue-split template that will be applied to all sales).

** DIAMOND HANDS REWARDS:**

Shortly following the $DOWN Bond NFT sales; design and community engagement campaigns will begin for a unique (non-pfp) generative NFT collection which will include unique utilities which are currently TBA.

Anyone who purchased a $DOWN Bond in from the genesis series will be whitelisted for early access to the mentioned NFT mint, while every buyer of a genesis bond who still holds it during the pre-release snapshot will be allowed early access as well 1 free mint.

GENESIS BOND RELEASE

The genesis series of NFT bonds will be made available on a 5-tier format; with each ascending tier providing a higher quantity of $DOWN, at a higher discount, but in lower available supply.

**T1: Iron Bond - 500 $DOWN x $0.06 - $30 | 500 Available

T2:
**Silver Bond - 1000 $DOWN x $0.055 - $50 | 200 Available

**T3: **Gold Bond - 2500 $DOWN x $0.05 - $100 | 100 Available

T4: Platinum Bond - 5000 $DOWN x $0.04 - $200 | 25 Available

T5:
Diamond Bond - 7500 $DOWN x $0.0365 - $275 | 10 Available

As the exact details of the revenue allocation, vesting schedules, etc. are decided on and finalized by the initial core contributors of the $DOWN DAO, an announcement will be posted for transparency with no less than 7 days before the start of the sale.

♦️ COLLECTING THIS POST AS AN NFT DIRECTLY SUPPORTS THE $DOWN DAO ♦️

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Foreword With the parabolic rise of NFTs and the concept of the Metaverse into mainstream attention, it’s important to consider that other Web 3.0 primitives will also gain mainstream awareness, and likely much sooner than anyone would find realistic to consider. One such primitive is the concept of ‘social tokens’ [ ERC-20 or other fungible blockchain assets given by creators, influencers, or communities to their audience in a manner similar to loyalty rewards points ] Once major influencers with millions of social media followers begin to adopt the framework for building their own self-sovereign economies, it will bring about a fevered wave of crypto adoption. The problem with which lies in the fact that many ‘social token’ issuers are inexperienced in token economics design, DAO governance, or liquidity and distribution management. Due to this lack of experience, very few social tokens are able to gain enough traction to be of a real benefit to the hodl’ers, or to the creators and communities the token is meant to service.

$DOWN is an experiment in supporting a social token with intrinsic value which isn’t reliant on the creator’s career or the community’s growth.

**Goals**

• **Establish verifiable value for a social token: **With very few exceptions, social tokens issued by creators are very speculative, with their value offering generated by the perceived success, or expected success of the issuing creator.

• **Build provable market demand: **For social tokens to truly take hold, there will need to be a proven track-record of these tokens having demand or value outside of their native economy rooted in a specific creator or community. Specifications While case-studies do exist currently of social tokens which derive their value from the value of an underlying collection of NFT assets, these examples are lacking any tangible or enforceable connection to the assets which are said to support their value. Tokens in this format that have seen significant growth or adoption are nearly universally managed or conceptualized by whales who have the ability to inflate or otherwise manipulate the market, or use their financial position and social influence to change the narrative. This isn’t to say that these factors are the sole reason, or even a factor, in the success of these tokens, but it is a distinct possibility, in addition to these token issuers not being hindered by numerous obstacles faced by emerging creators, influencers and community builders that are established, but not technically inclined; or are still establishing their validity.

***Disclaimer ***$DOWN is a first-of-its-kind token economics model, and is intended to serve as an experiment and a study on the current and future state of the social token sector. The token relies on third-party protocols and smart-contracts which have not been internally audited; but have been individually audited by established authorities on smart-contract programming and cybersecurity. Nothing contained in this report should be taken as legal, financial, or investment advice. The prior and following statements are provided solely for your general information; any action taken based on the contents of this report are solely at your own risk and discretion. Nothing contained herein is meant as a solicitation, offering , or promise of financial gain.

Terminology

$DOWN -Throughout this whitepaper; ‘$DOWN’ (also referred to as ‘the token’ ‘fractions’ or ‘shards’ refers to the ERC-20 compliant cryptographic token deployed under the smart-contract with the registered name ‘$DOWN Vault Token’.

$DOWN Vault -Herein mentions of the ‘$DOWN Vault’, ‘the NFT collection’, or ‘the vault’ are in reference to an ERC-721 compliant non-fungible token on the Ethereum network, which secures the private key for a multi-asset wallet and associated public/private key pairings.

Value Within this paper, any mention of an ‘inherent value’ or ‘price point’ or any similar nomenclature used to reference a monetary or other form of stated value, the proposed value is solely hypothetical and has not undergone any professional audit or appraisal. Additionally, these hypothetical values are based on a highly volatile market due to the value being calculated (or estimated) in units of cryptocurrency.

Overview (Technical)

$DOWN has been deployed via Fractional.art as a representation of proportional ownership over the fungible and nonfungible assets held within an Emblem Vault NFT. Leveraging the Emblem Finance vault protocol has facilitated the creation of public/private key pairings which are valid and capable of receiving assets which originate on numerous blockchain networks. This NFT has been transferred into smart-contract custody, in order to issue 10mm ERC-20 tokens which represent divisible ownership of the vault and all of its contents. By utilizing an Emblem Vault, as opposed to simply depositing the contained NFTs into smart-contract custody, the custodial contract now secures a still-functional multi-coin wallet, meaning that the underlying vault from which $DOWN derives its value can continue to, without need for approval or verification, receive deposits of $BTC, $BCH, Ether, ERC-20s, and NFTs from the following networks: Bitcoin / Bitcoin Cash / Ethereum Mainnet / Counterparty / DOGE / and most EVM-compatible chains.

To acquire the vault, and the assets it contains, a reserve bid [which can be modified by community governance] must be placed, at which point a 24 hour auction begins; with the highest bidder able to retrieve the NFT from the custodial contract upon completion. If sold, all hodl’ers are able to claim a proportional share of the sale price, based on the quantity of $DOWN tokens they hold.

** Overview (Atechnical)** $DOWN is a ‘fractional ownership’ token, representing proportional and divisible ownership over a ‘basket’ of various assets contained in an Emblem Vault which is currently held in escrow by a Fractional.Art smart-contract. Anyone is able to add assets to the underlying asset-basket, but nothing can be removed from its inventory, nor can any of the contained NFTs or tokens be removed, sold, or modified. The vault itself can only be transferred to a new owner by successfully initiating and completing a buyout auction; started by placing a bid that meets or exceeds a pre-determined value, currently set at 500 $ETH (or ~1.5 million US dollars at the time of writing). In the event that a successful buyout takes place, all hodl’ers of $DOWN will be able to claim ETH relative to the amount of $DOWN they held at the time of the auctions close.

“This token is now the ultimate power in the galaxy…”

• Darth Vader (Probably)

**Navigation: **1.) Proposition of ‘Value’ 1a.) Provable ‘Value’ 1b.) Decentralized Value Growth2.) $DOWN as a Creator’s Social Token 3.) Quantum Compounding4.) Collective Purchasing Power 5.) Cross-chain Economics 6.) Sustainable Tokenomics 6a.) Recycled Supply 7.) Standalone Viability

Proposition of Value $DOWN is a uniquely formatted ‘social token’, drawing inspiration from the well-executed strategies of existing ‘asset backed’ token models, with improvements and modifications intended to provide a blueprint for a new iteration of personal and community tokens. Whereas some established tokens are stated to have their value rooted in the value of an NFT collection; $DOWN is intrinsically linked to the collection of assets from which it’s primary value proposition is derived. Another important distinction lies in the ability of the $DOWN vault to hold NFTs as well as fungible assets; which can originate from various blockchain networks [see technical overview above]. Prior to the issuance of $DOWN, the $DOWN Vault was supplied with several historic NFTs, a variety of 1st and single edition original works by BruceTheGoose (the token’s issuer), and assorted fungible tokens. Post-deployment, additional assets have been transferred to the Emblem Vault’s public addresses, verifying the vault’s ability to continue to receive deposits without any barriers. While the vault and it’s contents can continue to increase in quantity, and therefore in hypothetical value, the token has a fixed inflation of 1% per year; creating limitless potential for the derived tokens to increase in value in a verifiable and transparent manner.

**1a. Provable Value **All of the assets contained within the $DOWN Vault are verifiable on their associated block explorers, as are their current or most recent market value as determined by ‘floor prices’ and most recent sale values. Without considering the ‘social token’ aspect of $DOWN’s perceived value; the value of the tokens and NFTs collectively owned by $DOWN holders can be estimated, with a provable minimum, by referencing the floor prices of the contained NFTs and the market value of contained tokens.

1b. Decentralized Value Growth Due to the permissionless nature of public blockchain networks, as well as the transparency of public keys; there is no need for permission or approval, and no method of restricted access in relation to transferring assets into the vault which underpins the value of the $DOWN token. This enables any trader, hodl’er, or third-party patron to deposit additional assets to the $DOWN Vault, which hypothetically increases the overall collections value. The ability for anyone to deposit a wide variety of assets to the vault is likely to make the token more appealing to investors that are more long-term focused or those that don’t actively trade. Contributing an NFT, an established token, or even other fractional ownership tokens or ‘asset-baskets’ offers a way to increase the value of everyone’s held $DOWN, with complete awareness of the resulting ‘loss’ (as opposed to providing liquidity in a volatile market and assuming the risk of impertinent loss).

Additionally, ownership of $DOWN provides the holder with governance rights within the $DOWN DAO enabling $DOWN hodl’ers to propose and execute on proposals relating to use of the $DAOwn treasury funds to invest in NFTs or tokens that will then be added to the $DOWN Vault or the DAO treasury, further increasing the token’s perceived and provable value.

**$DOWN, as a Creator’s Social Token **The stated sources of valuation only represent the provable value determination for $DOWN; as a ‘social token’ $DOWN also has it’s value supported by the professional and creative growth of BruceTheGoose; an early adopter and enthusiastic collector of cryptoart and other NFTs. ( More information about Bruce can be found at https://brucethegoose.art ) In an attempt to provide value to $DOWN in perpetuity, most, if not all, future NFT creations by BruceTheGoose will have split royalties assigned, configured so that a portion of all resale royalties of Bruce’s creations will automatically be deposited to the vault, forever. Additionally, Bruce will continue to self-curate and deposit 1st and single editions of their original art NFTs, as well as acquiring and depositing hand-selected NFTs and tokens.

Quantum Compounding Based on internal research, $DOWN is the first-ever attempt at creating a token model in which the performance of the token itself directly and perpetually adds to the token’s value. To achieve this goal, upon issuance, 10% of the $DOWN supply (1,000,000 tokens) was immediately deposited to the vault which underpins it’s value. This means, theoretically, that every time the token’s market value increases, the value of the underlying assets increases in response. Hypothetically, this leads to a self-perpetuating value increase, based on the following format:

If the combined value of the vault’s contents, and therefore the derived tokens ($DOWN) backing increase in value by $100, the vault’s total value increases by $10 in response, due to the vault holding 10% of all $DOWN. Increasing the vault’s value by an additional $10 then effectively increases the vault’s value by an additional $1 (10% of the previous value increase), then $0.10, then $0.01, and so on.

While the market won’t automatically adjust to reflect this self-perpetuating value, the community sentiment is likely to respond, potentially motivating additional deposits, which will effectively accelerate the self-perpetuation.

Collective Purchasing Power While $DOWN is primarily a ‘social token’ associated with a specific individual; the goal is to establish a blueprint for future social tokens to follow; in which the token having value is not primarily reliant on the original issuer. In pursuit of that goal, the public launch of $DOWN will be accompanied by the deployment of the $DAOwn, for which the treasury will be seeded with 15% of the total token supply, as well as a (to be determined) percentage of the funds generated by the token’s public offerings. The $DAOwn treasury will be controlled by $DOWN holders, enabling, with required consensus for any of the treasury funds to be used to invest in additional assets to be added to the vault, spent to create marketing campaigns, traded for potentially high-performing tokens, or utilized in various DeFi strategies. This also provides the ability for the $DAOwn to increase the vault’s allocation of $DOWN, or to deploy new strategies through which to gain additional assets, establish new provable value avenues, distribute airdrops, etc.

Cross-Chain Economics Due to the high cost of transaction fees on Ethereum Mainnet, many lucrative DeFi strategies are inaccessible or far less effective for most would-be degens. To alleviate this hindrance; $DOWN will be available on a multi–chain basis; which will provide a number of benefits such as increased market visibility, additional liquidity sources, frictionless DeFi, and exposure to additional yield strategies and NFT ecosystems. As a method of proving it’s viability, 1 $DOWN was bridged to $FUSE via the Chainport bridge, the success of which verified that Chainport enables permissionless transfer of assets between blockchains, without requiring the token to be previously mapped. In essence, this means that $DOWN can be seamlessly migrated to and from any EVM compatible blockchain; taking advantage of the different benefits offered by various chains, without diluting the token’s supply by issuing proxy tokens on numerous networks.

Sustainable Tokenomics To avoid large sell-offs, and to provide peace-of-mind to hodl’ers and patrons of $DOWN, up to 65% of the token supply will be released and distributed over a period of 2 years (The token distribution model is outlined below for transparency). Additionally, $DOWN will be highly utilitarian to encourage a continual flow of the token through it’s ecosystem.

Some initial use cases include

• $DAOwn governance

• payment for services offered by BruceTheGoose and DappGoose Labs

• discounted prices on digital and physical merch,

• exclusive access to token-gated content and alpha,

• yield farming,

• single-token staking

• the ability to spend $DOWN to acquire otherwise unavailable NFTs in the upcoming marketplace, $DOWN The Block

As another method of preserving the sustainability of $DOWN, the best reward rates from staking will come in the form of redeemable NFTs or tokens other than $DOWN. More specifically, a staking system will be established in which $DOWN hodl’ers will be able to stake $DOWN or LP tokens for select pairings to accumulate points (in place of earning tokens); with exclusive NFTs made available by redeeming points.

6a. Recycling Supply On the basis that one of the core utilities of $DOWN is payment, or reduced rates to hodl’ers, for services, merch and NFTs offered by BruceTheGoose; revenue generated in this way will directly support the market health of $DOWN. This will be accomplished by providing 25% of all generated $DOWN revenue to the community initiatives reward pools, effectively increasing the initial rewards allocation, as well as extending the release schedule.

TOKEN DISTRIBUTION MODEL (v.2)

** **Initial Supply: **10,000,000 $DOWN *Curator’s Fee: 1% inflation per year

**Artist’s Reserve: **15% - 1.500.000 [2yr. vesting schedule]

Quantum Compounding: 10% - 1.000.000 [Held by the $DOWN Vault]

Airdrops: 5% - 500.000 [3% to OG holders of BruceTheGoose’s created NFTs, 2% to community drops]

$DOWN DAO Treasury: 15% - 1.500.000 [2 yr. vesting schedule]

Community Rewards: 35% - 3.500.000 [bounties, yield farming, etc.]

**NFT Bonds [Coming Soon]: **10% - 1.000.000 [offered periodically]

**Marketing Budget: **5% - 500.000

**Development Fund: 5% - 500.000

**

Standalone Viability** By establishing that $DOWN is underpinned by provable value, as well as its presence on multiple networks, and continuing to add assets to the underlying vault, $DOWN will have an established value and presence that is not reliant on its association to BruceTheGoose; making it one of the most universally relevant social tokens on the market. Even if the issuer were to cease their ongoing contributions to the vault, or their directly associated token utilities, they would not have the ability to remove the vault from the smart-contract’s custody, or to remove any of the vaults contents unless they trigger and then win a buyout auction, or by controlling 51% or more of the token supply, allowing them to modify the reserve price (in which case they would still need to win the auction).

Additional Information:

UTILITIES:

• Exclusive NFTs available via $DOWN The Block

• Governance of the $DAOwn

• Payment for services offered by BruceTheGoose

• Token-Gated Access to content and alpha, plus early access to projects/new features - ₲oose ₲ang [TBA]

• Entry fees to gaming competitions

• Yield / NFT Farming

• Merch

• Third-party integrations

  Third-Party Integrations:

**As $DOWN stabilizes and market demand grows, Bruce will leverage his extensive networking history within the NFT space to pitch $DOWN integration to various projects and protocols. Through these integrations, $DOWN will gain further provenance, as well as providing HODL’ers of $DOWN with exposure to additional assets and benefits. As a hypothetical example, $DOWN could be used to acquire exclusive items created in collaboration with a play-to-earn game, or to unlock access to content or channels on a partnered projects website or discord.

CONTRACT ADDRESSES:$DOWN Vault NFT - 0x82C7a8f707110f5FBb16184A5933E9F78a34c6ab:7543251Fractional Custody - 0xcfe4a93c6b0930bd46A8B375F113c9f398c27375

$DOWN Vault Token(Mainnet/Root) -0xcfe4a93c6b0930bd46A8B375F113c9f398c27375 Polygon (via Chainport) - 0xa584484f422bfc2128566f8f954b7f2e31e94cc8 Polygon (PoS) - 0xA934bcBf24A7272781197b6559230c30bf0BB2e6 Optimism - 0x99aC4484e8a1dbd6A185380B3A811913Ac884D87

The long term goal is to establish $DOWN as a top-tier ‘social token’ as well as to create provenance that the tokenomics outline is far superior to previous social token formats; which will greatly benefit creators who are interested in issuing a social token, or who have issued a social token but are struggling to create value or market demand for the token as a viable asset.

DappGoose Labs LLC - 2/17/22 UPDATED - $DOWN DAO - 8/11/22

*** All content contained herein is presented solely for your general knowledge should be considered legal, financial, or investment advice. Should you decide to take any actions based on the contents of this whitepaper, you are doing so at your own risk and discretion. $DOWN is intended to serve as a community incentive and reward, not as an investment vehicle. We cannot control the actions of a decentralized market environment, but do not officially endorse or recommend any type of purchase or investment of any tokens on decentralized networks and protocols. Using smart contracts, cryptocurrencies, tokens or blockchain applications is inherently risky, and should be done with caution and with sufficient knowledge and research of the assets you choose to invest in. **

**Additional Info:

***> $DOWN’s multichain expansion and extensive range of utilities will allow the token to become the focal point of a multi-faceted ecosystem that will span DeFi, NFTs, Play-to-Earn, IRL/Metaverse events, live entertainment, merch and much more.

Further expansion to Solana, Aurora, BSC, Arbitrum, and potentially additional networks is planned for the near future

Quests, challenges, and bounties will be made available on various platforms allowing holders to directly contribute to the success of the experiment; while also earning $DOWN in the process.

The $DOWN Vault NFT (named $DOWN Depository) as well as all of the contained assets, can be viewed on it’s native platform here, where one can also find all of the public wallet addresses available for deposits.