That's a great pull. I got the minimums on mine so you did fantastic. And I like the way you think WC! :)
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That's a great pull. I got the minimums on mine so you did fantastic. And I like the way you think WC! :)
Thanks Dave always appreciate your comments as well they usually are spot on with what I think as well and bring some sanity to some of these conversations that break out and get out of control lol. Like were all on the same side really like we all want the game to succeed as many like you and I have significant financial stakes as well as like the damn thing I just don't understand why ppl are complaining there is always a way to adapt and make something work. I personally love the glint system now I'm getting more rewards and ppl say the SB cards are worthless well I have a bot that runs completely off them its lower level but probably see where I may be going with it since I now get way more soul bound cards and gladiators than I have ever. I don't' plan on really botting more than 3 of my accounts which are the ones that can make it to diamond 1 with the legendary tools bot and xbot to farm my glint for now until I get enough decks that have higher level SB cards and Gladiators which ill be then deploying in modern as well using NFTy arcades decks to add them on to the accounts plus SPS and for the benefit of my upgraded guild bonuses which are on the higher end as I did alot in the last burning event even though my prizes were just so unlucky I also got all that GP to upgrade my guild bc I knew I would need it to attract ppl and get them to be ok paying a additional split of maybe 5-15% of SPS rewards for everything but brawls and all glint will be mine as its SB. Also to make it interesting some of the split I (meaning the DAO HBCD which is officially launching for us very soon) take will be added to the same LP or cash flow vehicles we will be using to boost pp on the tract by not only giving a grain rebate starting at 2000 pp per slot which is not a good split there but when they hit 5000 pp per slot that will be weighted 100% and double will get a straight line increase for each 1000 above per plot and there will be incentive to add more than to just stay at the 25000 minimum. It wont just be PP that factors in as well it will be a multi weighted formula including whether or not runi, totems, titles, number of plots, the type of plot as different types depending on what the tract needs will be incentivized differently. We will also have a separate part that retains a portion of the rebate to add to the grain LP which will distribute half the earnings monthly to land holders meeting the criteria all month with snapshots randomly through out the month as well as delegations to are curator will also allow people with maybe less land and HP to get a bit more weighted wise in the rebates. Eventually we want to run a witness node that instead of keeping the profits pays the net profit after costs of maintaining the node back to the voters who vote on are node making it possible for us to be a top witness as I have never herd of anyone giving voters say 90% of earnings and then using the 10% to feed a node voter LP which will include how we get cash flow from it as we will take 50% of that but the other 50% of the 10% pool goes to growing distributions to voters via lps, staking, and we plan on possibly swapping all earnings to sps first then burning that to dec as well as having a set amount to donate to the DHF to support the HIVE ecosystem and that goes for any of the incentives we will be likely using the burn mechanism even though its not as profitable just to help the economy out as well as for other reasons to so we can actually develop this in peace I hope lol. We will be planning various lottery give always or raffles where any votes to the posts which will all be posts that are actually content to so people vote on them over a month and well make sure its worthy of being voted then at the end of the month add up the weighted votes for each account translate that into 75% of the amount to go buy sps to burn and also to burn for HBD using the stabilizer with half to support that and burning of HIVE which helps the ecosystem as a whole. We will have are curators be rewarded with 90% of the HIVE curation rewards in hive and then a bonus reward in are HBCDT tribe token which will become more valuable over time as we will be using various other similar sites like hive that pay for content to post the content on there as well for like 20 different sites I found including steem where we can use AI on all of the other sites to generate thousands of posts and cashflow we can use to buy hive and pay out the curators a bonus of like 50%-75% more in HBCDT tokens and they should increase in value as the assets deposited into the tokens multi sig account grow in value. Once we have some value behind it we will launch various LP pairs one on hive engine paired with hive or possibly a stable coin and the rest on arbitrium's if we can use leo finances new bridges to get SPS and HIVE on arbitrium's. If not we will use BSC to add to the DEC LP for DEC USDC and maybe SPS will add a one sided entry to acquire SPS if it dips a lot then pull that in the game as it does that to fund more accounts SPS delegations for are soul bound/NFTy rentals with SPS already delegated which will make it a easy way for new players which is what are second guild will be geared toward letting newer players play with either a NFTy deck (or there own cards in which case the splits will be different) and a whole bunch of SB cards they wont be able to use right away or get at that level. There will be buy out options as well for people who grow a account significantly in case they would like to take that account with them and we will have that contract up front or offer up front within a range so people wont be surprised and they know the range of the price it will cost them to take the account with them. Also are affiliate links for funding accounts will be going up on are web page just went though all my accounts I keep for that now I just need to compile the list for people with directions and set up a help area in discord where people can ask or call me bc I don't want to lose a referral bc people get frustrated lol. I think tonight ill be officially ending my dictatorship over the dao bc ive been just setting it up on XDAO a sweet DAO set up type deal that allows the DAO to easily manage the treasury as well as use defi sites and have them be from the DAOs multi sig wallet as well as has a DAO market place where DAOs can list units in a private sale for other DAOs to invest in or people as well which we will be doing after a year or so of operations when cash flow is higher then eventually end goal is buy a building turn it into a apartment complex for gamers and that is many years off likely but once we get enough stable cash flow I don't think we will have a problem raising for a real estate related project and once the DAO is officially a DAO LLC it can then interact with banks and crowdfunding sites and I owns shares in a few of them so maybe that will get me a discount on and fees lol. The plan is also to make the building tradeable on the blockchain on the buildings internal OTC exchange floor which will be a thing so the gamers and blockchain interested people living there can actually buyout there apartments one unit at a time or trade them on the OTC exchange with us as the market maker using a transparent valuation model or average of accepted models for valuing buildings like that to come up with the daily NAV and we will make money on the spread of say .25-1% as well. Also all gaming tokens will be accepted as rent and for any other services in the building like for SPL DEC, SPS etc will be acceptable forms of payment and have its own internal lp pairs for the building as well as a discount of x if they use crypto to pay for rent. Also want to attempt to finish the debit card idea that i was so close on until the company picked up and left the US and went bankrupt. They actually agreed to do it and I was talking to them about having RUNI replace there NFTs option as collateral in the cards DEFI market that allowed people to borrow against there BANKER NFT instead would be the RUNI NFT as well as what ever else for collateral. There would be a cash back option similar to what they had if you staked UNBNK and in spls case a certain amount of each DAO likely most being SPS you get different cash back tiers up to 3% with the remaining cash back the card offers paying for transaction fees instead of being distributed. Ive been looking for something similar to allow sps to be spent like as its earned or deposited to the card but have not found one compatible yet. Hopefully I can find one that can at least incorporate a RUNI as being a req to receive maximum cash back and a special card tier as well as certain levels of SPS staked would get you a tiered cash back system in DEC requiring any SPS cash back to be burned into SPS which would keep decreasing the supply of SPS every time a transaction is made and cb is earned. RUNI would also get a custom card with there RUNI on it or something and a QR code where ppl can also scan it to see the RUNI on chain. The RUNI card would also say be a silver card for regular RUNI and have different special added design features based on the RUNI rarity and traits as well as GOLD runi would have a gold card and multi RUNI would have a TBD card maybe with a customized image of the RUNIs they want on it fighting or just the favorite one with a QR link to there collection on ETH for the rest. For people in the apartments if that becomes a thing having the card and Runi would probably give you access to things others would need to pay for like say a private roof top area for RUNI holders or something, discounted trading fees in the OTC exchange and what ever other cool features we can think of.
All of this is subject to getting the relevant financing and also regulations if we can get it done. The plan for location would be in the Philippines and or Puerto Rico but likely are first attempt in the Philippines due to the popularity of gaming and the cost difference there. If the concept works then Puerto Rico is number two for the location as its crypto and trader friendly for taxes meaning none lol and in the US so eventually ill have a place as well as the other two voting members would have a apt in both as part of the the deal. I am hoping for like a 5 year timeline for the building to be a thing that is realistic to do but if all goes to plan that shouldn't be a problem. Eventually I would like to make it actually rent free using blockchain as well as other investments the building would divert a portion fo its cash flow to create a trust to be put in place to pay out 75% and re invest 25% for the benefit of tenants and pay them not for rent but pay them to play x amount of times and play in are guilds x times a week as well as use are affiliate links for exchanges and dexs so we get additional money that way and can deduct the payment as a payment for services and the tenants pick it up in income so we at least get the tax breaks on it. Will be very interesting if we can pull off the rent free portion after like 7-10 years of deferring a portion of the rental income and any nodes or other revenue sources we run in the the building. Will also allow tenants to offer services like say exclusive services like dry cleaning for a cut of the profits they make and other services as long as they cut us in 10-20% of net profits to get a exclusive deal with the building to allow them to set up there service and offer it there to the tenants. There will also be a non long term rental floor where people can come vacation there or rent for short time periods to bring in additional revenue as it would likely be a place that people into blockchain would want to stay at on vacation.
For now were focusing on building up the cash flow for the DAO by gaming and setting up guilds to play SPL and other games as well and also have about 50-75% in non gaming assets. We plan on having the non gaming section of cash flow in stable coin protocols like aave,contango, stargate, rental real estate projects traditional or tokenized deals for debt financing or things like tax liens, also will have equity deals and riskier protocols like countertrading like GLP, HLP on GMX and HMX. Use other perp exchanges like AARK and MUX as well to do carry trades and go mkt neutral on say BTC and then short BTC to collect the carry fee which is pretty high usually. Also can do it between perp exchanges where one is say offering gold at a positive funding rate and the other is negative to net the difference. We will also use options to diversify and mitigate risk from platforms like Hegic that allow you to get revenue from options writing by staking Hegic as well as buy options and spreads to hedge. Ribbon Finance will also be used on AVAX for its covered call strategy and cash covered puts. Camelot will be used to take advantage of algorithmic market making strategies that you can select so they adapt to changing markets like volatility etc. We will also be using Aqualis and I contributed my AQL units to the DAO so we can stake them for the max bond and earn the trading fees from that when its launched as well as use it for its escrow account to do OTC trades that are trust less and might be able to use it to offer banking like services to people who own land in order to offer a HELOC like loan on say 5% of the value of the land and a 5/1 DSCR on the loan with a required amount to be held in escrow for reserves in case of default but likely we would sell the debt to a separate DAO we own that would have investors that get to buy that and any other note type thing we issue or do for a 80-90% of FMV and get a extra return on it for advancing the cash to the DAO and removing the risk. Having financing on things like land and guilds etc based on value as we determine it not MKT value as those things will differ drastically as we will be accounting for conservative risk levels making prices much lower for are purposes as well as high debt service coverage ratios and built into the agreement is a conversion clause that would allow us to convert to a structure in case of default that gives us complete legal control of the collateral just for that to work we would need to figure out a way to do that without asking as long as the conditions of default are met. Having guild lines of credit would be interesting bc it would allow the guild to turn its cash flow into something it can use to get financing for say promo events or expansion much faster and would have a separate DAO with outside investors likely that lend for either recourse debt against the properties and all assets of the borrowers, revenue share, convertible notes, straight equity in a guild etc there are a lot of possible things that would be useful to have as well as make the land aspect much more fun i think as it would be more realistic to the real world and the way things work and also possibly provide emergency financing to help people out pay something and not make them take a bath on selling there assets in a fire sale. Instead they could borrow something and sell them off slowly if they think its a bad time to sell and get better prices which we also would get inside date in that case and be able to possibly work out a slightly discounted fair price for all the assets and get first crack at them bc its all about knowing the info and having the ability to act first before they send them to market to sell them and pay commissions and fees etc where as we would use a discount to offer to pay directly in cash so the discount would be for basically no fees after the real market prices are agreed on. I would also apply to large SPS sales and other assets we would figure out what the fees to sale would be that would be the starting discount as we would pay in cash outside of crypto if they want or the fees to cash it out to what ever crypto they wanted traded OTC using AQLs escrow account to ensure no one screws over anyone as I have had that happen to me a few times which is why I use you lol actually as my intermediary one of the select few ppl I trust to trade directly with on here lol. The list is pretty small but its probably people you could guess lol.
Well that will help me make are white paper draft kinda just mind dumped lol but again anyone who actually reads this whole thing anything is subject to change as its not written down in are official white paper or anything yet but will be. Please also do not comment if you decide to feel that its necessary to correct any misspelling or tell me its long lol bc I do not care this comment was meant for Dave if he wants to read it he can or it may be to long lol but I bet he reads it anyway and any comment I know for one it will be a constructive one not being a dick bc that's not how he is. If ppl think its to long or things are dumb without basis or actual suggestions as to why or its just not a helpful comment then just don't we have to much toxic shit in discord already and if it is so dumb or your one of the ppl who just don't like me then don't read my shit please lol. Its like people say they hate it but yet they still click on it lol and ill give it right back to you so don't pick a fight about nothing please I appreciate it or my block list will be getting longer bc i don't really respond to that much anymore i realized just blocking ppl is much easier and feel free to block me if you don't like me or my comments or ideas bc i really do not care if people read it bc it wont change what I'm going to do unless someone makes a suggestion that makes sense in a way that is genuine and trying to help lol. I try to do that in the discord but people comment without even reading or they do not understand but feel the need to insult rather than ask for clarification so lets not do that either people.
I read it of course. I love your energy and enthusiasm @white-cloud-inc ... While I think your goals are ambitious, I love how much thought you've already put into it. The possibilities are vast with where you are heading, and I think you are going about it the right way. Setting up the DAO properly will help you motivate and encourage people to participate with you!
So great job and of course I wish you the best and let me know if you think I can help you in the future! :)
This is a long comment so please don't bother reading if you are going to be commenting about its length or any other inconsequential thing.