DU$TDAO Whitepaper

💥💎 Unveiling DU$TDAO: Empowering the Crypto Community’s Bright Future! 💎💥

Dear Esteemed Crypto Community,

Prepare to embark on a groundbreaking journey that will reshape the very foundations of finance. As DU$T and Nifty Wizards COO I'm thrilled to present DU$TDAO, the ultimate governance token meticulously designed to empower our community and revolutionize the DU$T ecosystem. Allow me to dive deeper into the key aspects of this remarkable project, which I hope will captivate your attention and ignite your support.

1. 📈 Mining Release Schedule: Pioneering Sustainable Growth

DU$T has always been a mining token so why should it’s DAO token be any different? We want to give our community the opportunity to mine our DAO token while at the same time providing new utility for our assets and giving back to our current hodlers.

Our carefully crafted mining release schedule ensures a steady and controlled token distribution, maximizing both stability and opportunity for our community:

- Year 1: 200,000 tokens

- Year 2: 110,000 tokens

- Year 3: 100,000 tokens

- Year 4: 95,000 tokens

- Year 5: 90,000 tokens

- Year 6: 75,000 tokens

- Year 7: 70,000 tokens

- Year 8: 55,000 tokens

- Year 9: 45,000 tokens

- Year 10: 35,000 tokens

In the subsequent years, the remaining 25,000 tokens will be gradually distributed at a rate of 10% per year, allowing for continued engagement and a sustainable path to success.

2. 💰 DU$TDAO Token Distribution: Unleashing the Power of Participation

1 Million DU$TDAO tokens will be carefully minted over a span of 10+ years, ensuring a sustainable and thriving ecosystem for our community.

⛏ Token Mining Breakdown: Our vision for inclusivity and fair distribution is realized through a comprehensive allocation strategy (Year 1 numbers are used in all examples below):

- 19%: DU$T stakers mining pool - Stake your DU$T tokens to earn a proportionate share of the mining rewards and actively participate in shaping the DU$T ecosystem. The yearly allotted amount will be divided by 12 and distributed to stakers each month.

(19% of 200,000 tokens = 38,000 DU$TDAO / 12 months = 3,166.667 DU$TDAO distributed per month).

- 10%: Nifty Wizards NFT stakers mining pool - Stake your Nifty Wizards NFTs to unlock a portion of the mining rewards and be part of the driving force behind DU$TDAO's success.

The yearly allotted amount will be divided by 12 and distributed to Nifty Wizards Collection stakers each month.

(10% of 200,000 tokens = 20,000 DU$TDAO / 12 months = 1,666.667 DU$TDAO distributed per month).

- 10%: DU$T Enhancer NFT stakers mining pool - Stake your DU$T Enhancer NFTs and be rewarded with a share of the mining rewards, enhancing both the value and utility of your assets.The yearly allotted amount will be divided by 12 and distributed to DU$T collection NFT stakers each month.

(10% of 200,000 tokens = 20,000 DU$TDAO / 12 months = 1,666.667 DU$TDAO will be distributed per month).

- 10%: Reserved for liquidity purposes - Ensuring a healthy and vibrant liquidity pool to facilitate seamless trading and market participation.

These tokens will be available to the team to facilitate listings. Initially we will list 20% (20,000) of these tokens in DU$T/DU$TDAO swap pairs on both Alcor and Taco swap.

- 51%: Equally divided between the CEO and COO - While maintaining a strong leadership foundation, we ensure that user voices are heard, allowing you to make proposals and vote on critical decisions within the DU$T ecosystem.

These tokens will be mined at the same rate as all the other staking pool tokens. They will be vested for four years at which point they will start releasing at 15% per month. At this time the community will be able to put forth a proposal for us to sell a 2% share if they so desire.

When said vote is triggered the executive team will assess the DU$T ecosystem and decide if the checks and balances that have been put in place are sufficient to make sure the project survives long term.

The executive team will be allowed to vote with their vested stake on DU$TDAO proposals.

3. ❓ How is this a DAO if the executive team owns 51%???

We are excited to decentralize this project but we also realize that Rome wasn’t built in a day. As long time veterans of the crypto space we have seen many DAO’s give communities too much power without checks and balances and make decisions that weren’t in line with the long term survival of the project in mind. We’ve also seen projects do even distributions and put off implementation of their DAO’s into the indefinite future.

We’ve always preferred to be able to test things out and figure out the issues and solve them in real time and we feel this structure will allow us to continue to evolve the DU$T ecosystem, include the community in governance decisions, and give them a forum to propose ideas.

If the community is excited about a new proposal and we think it makes sense for the ecosystem, we would most likely be supportive of said initiative’s too. However we want to maintain a final veto while we set up the safeguards to make sure the project is sustainable.

4. 💎 DU$TDAO Rewards:

10% of DU$T profits from DU$T Enhancer NFT sales on the WAX blockchain will be used to actively purchase DU$TDAO tokens from the open market. These tokens are then allocated as rewards for DU$TDAO stakers in a pool on WAXDAO monthly and eventually to reward LP providers for DU$TDAO pairs on various platforms. We think this provides the community with additional incentives to actively participate and contribute to the DU$T ecosystem.

5. ⚙️ Leveraging DAO Governance: Amplifying Community Empowerment

In our relentless pursuit of true decentralization, we will use the tools provided by waxdao.io, a trusted platform renowned for implementing DAO governance and robust staking pools. This collaboration guarantees a secure and reliable ecosystem, enabling you to actively participate in decision-making and shape the future of DU$T. Your voice matters, and DU$TDAO amplifies your power to influence the direction and growth of our ecosystem.

6. ⚠️ Disclaimer and Security: Protecting Your Interests

While we strive for the highest levels of security and safety, it is essential to remain vigilant. We want to remind you that the DU$T Team cannot be held liable for any technical errors, phishing attempts, scams, or fraudulent activities related to tokens and/or NFTs staked on platforms beyond our control. Rest assured, we are committed to your protection and will continuously work to create a secure environment for all community members.

We extend the invitation for you to join us in this extraordinary endeavor, where innovation, community empowerment, and financial transformation converge. Together, we will redefine the future of finance and create a thriving ecosystem that reflects the true spirit of decentralization.

Don't miss out on this remarkable opportunity to be part of DU$TDAO's revolutionary journey. Contact us today to learn more and pledge your support to drive the DU$T ecosystem to new heights.

With sincere gratitude,

Mike Cooper, DU$T COO