The full breakdown will be made available later as some details are still being decided but this will give you an overview of how it will all work - Some numbers below are still subject to change.
Specific features:
Token: $WTP
Chain: Fantom / Cross-chain.
Treasury Assets: Stablecoins (FRAX, DAI, MIM, etc) where a large portion will be used for farming instead of letting them sit idle + P2E/Metaverse tokens (AXS, SAND, MANA, GALA or similar to GALA Nodes, and more).
Governance structure: DAO.
Initial Funding:
NFT funds.
30% from the total revenue generated by the Alphie NFT collection sale: 173.2557 ETH.
The founding members (aka βNFT holdersβ) will be airdropped X amount of $WTP, or if necessary initially $pWTP (pre-WTP token = $WTP).
A Community Vault of NFT holders (DAO) will be created for a significant portion of the staked $WTP tokens. This ensures Founding Members will collectively remain as a significant voter in the WhaleTogether Protocol in the long run.
Auction (potentially).
5 legendary NFTs to be auctioned after the Alphie NFT public sale has ended.
Auction buyers will be granted $WTP token at a generous rate with a linear vesting period depending on the amount paid in order to avoid dumping.
Edit: The above won't be necessary anymore since we sold out the collection.
Community Offering Round.
20% of initial total supply of $WTP tokens.
Sold at a fixed price of $X per token at a discounted price.
Only NFT holders and selected members on Discord chosen via special activities can participate in this community offering.
Proceeds will be used to propel immediate growth and foundations such as top-tier audits, marketing and recruitment of top-tier developers for both backend and frontend, etc.
Fair Launch.
40% of initial total supply.
Price will be dynamically determined by the amount contributed.
Available to anyone who wants to participate.
All proceeds go to the treasury: This will allow us to launch with a substantial treasury with a good book-to-market ratio (treasury value / market cap) to begin with.
Protocol Launch.
All proceeds from Fair Launch will go directly to the treasury.
Allocated funds from the NFT project (Alphie DAO/treasury) will go to the treasury.
β
The Protocol structure has 3 different classes:
Lower Risk - 75% - Stable Coins such as FRAX, DAI, etc Part of this will be used for yield farming instead of sitting idle in order to generate income for the Protocol.
Medium Risk - 24% - Metaverse/NFT Gaming Assets.
High Risk - 1% - Assets such as hunting for the next big IDO. Think of the next AXIE, the next MANA, the next SAND, etc.