🪙Holder Mechanics
In this page we will elucidate the mechanisms in which the NFTs are structured, in a way that intertwines community building, utility, decentralisation, and tokenomics.
Last updated
In this page we will elucidate the mechanisms in which the NFTs are structured, in a way that intertwines community building, utility, decentralisation, and tokenomics.
Last updated
The Neo Sol genesis collection (At the moment of writing still TBA), will be the cornerstone of it all. As the word genesis implies, it is the "start" of something new.
Majority of DAOs in the market are glorified clubs. The term DAO is an acronym for Decentralised Autonomous Organisation. For an organisation to become a true DAO it needs to hit a few things. 1.) Community-led, not controlled by a centralised entity (us, the founders 😈)
2.)Fully transparent, and autonomous
3.)Governed by a smart contract to execute a quorum. Code is law The Neo Sol genesis collection serves as a gated-token into the Neo Sol DAO. Each NFT represents 1 voting power into the DAO, which can decide on two main aspects of the project goals, which are the narrative (Neo Sol Alpha), and the tech component of the project (Neo Sol Omega).
At the start of the project, there will be a majority voting weight for the founders as compared to the holders. The founders each hold 23.3% voting power in the DAO which contribute to 70%, and the holders will have the rest which combined forms 100% Quorum is achieved when a choice receives a 1% advantage over the other. Each NFT represents a single vote in the DAO, this mechanism incentivises holders to accumulate our NFTs ,and is crucial at an early stage of a project. We understand that centralisation of overall supply into a few hands is a dangerous thing, since bad-actors of course exist, and if not plain game theory will suggest that people will dump when given the chance of profit thereby endangering the project. To counter-act this, the idea is that over-time, the supply increases and dilutes the voting pool, therefore pushes towards the decentralisation of the project into the hands of the holders.
This is why the narrative concept of the roadmap is a significant factor in designing the tokenomics of the project.
Voting and community participation will be encouraged via the utilisation of existing community building tools such as raid-2-earn apps et al. subsidised by mint funds and Neo Sol Omega revenue.
Neo Sol: Alpha is the title of the series of the Visual Novel/Manga that the team will produce on an on-going basis. Post-mint the team will start working on creating volume 1 of this on-going series. Once done this will be air-dropped to holders as NFTs rewarding them for being early supporters.
These newly minted NFTs will then join the DAO voting pool of the existing collection thereby diluting the voting powers of existing whales of the genesis collection. A portion of the supply of volume 1 will be available for public mint to encourage a mini hype-cycle similar to a pre-launch project. This is necessary to drive up volume, secondary-market sales, and revenue which both directly and indirectly benefit the holders.
This is repeated ad-infinitum up until a point of no return is reached, when decentralisation truly occurs and power is passed on from founder, to community. Thereby creating a truly decentralised autonomous organisation. This process will take a very long time, and a foundation needs to be built before the project can become truly decentralised.
In the early to mid stages of the project, the founders hold majority of the voting power. This is a decision made in full awareness. A project is a baby, that needs to be thought how to walk, eat, run, read, and so on and so forth. Without the necessary components or a strong foundation to sustain the project, the Neo Sol Revolution will die. Centralisation is not a bad thing, it is seen as such because corruption of a single bad actor can occur at any point in time which we have seen with the constant rugs in the space. However, it has its benefits. Centralised structures of power tend to result in efficiency and efficacy of decision making. It is easier to pivot, and make quick decisions based on external data. For a startup project such as Neo Sol, or for any other NFT project out there, founders are called founders because they are the parental figures required to guide the project towards it's adolescence and adulthood.
Each volume released increases the circulating-supply of the project. These will be airdropped to holders, and a portion are sold in public, and another portion will be offered as pre-sale towards future launchpad clients. To point out the obvious, genesis holders may be able to take profit because these are free, and are tradable assets that can be flipped for a profit.
Over time, as circulating supply increases, the number of holders also increase.
As each volume is released, the story unfolds, and more people join the movement, growing our numbers. We will come to a point where there will be holders from all over the world, all aware, all responsible for the tapestry of Neo Sol. This is how an IP is built; through the written word, day by day, panel by panel, volume by volume. It is constant unceasing work towards the unfurling of a new universe, born from a seed of an idea, upheld by the collective unconscious of Neo Sol holders. Think not in terms of short term pumps and floor price, but think of the future when we have released our 20th volume, or perhaps the 50th, or the 100th volume. Where will we be? where will you be in this community?
Crypto analysts say that the next big IP will come from web3, more specifically in the NFT world. Let's find out shall we?
