I've Created an ERC-20 Governance Token called $EXPOP, and have started a NFT Figure Drawing Sketchbook to provide one component of value to that economy.
Here are some details about my plans for $EXPOP:
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$EXPOP will be dropped to the following people:
- Kickstarter Campaign Backers [USD Backers]
I've done 20 different Kickstarter campaigns over the last 3 years, with over 400 people who have backed them collectively. Each of these people will be rewarded with the initial 2 Mil. $EXPOP distribution.
The tokens will be in the monthly 200k drops to follow, which will be distributed amongst the supporters for that month. In the case of Kickstarter backers, if people support a campaign on a given month, they will be issued a share of that month's $EXPOP distribution pool.
- Patreon Supporters [USD Backers]
Monthly support on patreon is crucial to my projects, and these committed people will be given a share of each monthly drop of the $EXPOP distribution pool, as well as their portion of the initial distribution.
- Ethereum Cryptoart Collectors [$ETH]
- Opensea ALICE
- Opensea $EXPOP Sketches
- Makersplace
- Memefactory
Collectors who have purchased NFTs on any of these platforms will be included in the initial distribution, and any purchases that take place on any given month will share a portion of that month's $EXPOP distribution pool.
- NFTShowroom [$HIVE]
HIVE Collectors will be rewarded the same as ETH Collectors.
- Commissioners [$USD & $ETH]
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Supply and Distribution Amounts:
$EXPOP is currently being Minted by Tryroll, and each token minted here has a fixed supply of 10 Mil., distributed over 3 years.
- The Initial Distribution is 2 Mil.
The Initial Distribution will be given retroactively to all financial supporters of my work, proportionate to their contribution.
- Each month to follow Roll releases 200k of the token to me, until the 3 years is up.
The Monthly Distribution will be shared per month with the people who have supported my work that month, proportionate to their contribution for that month.
By distribution 100% of the initial supply and monthly supplies that are distributed to me through Roll, the ownership of the token will be distributed amongst participating audience members:
- backers
- patrons
- commissioners
- collectors
And, not held in a personal stash account. -- My personal stash will be formed from NFT Sales using $EXPOP on Opensea, so if people want to dump $EXPOP, they can exchange them for NFTs.
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$EXPOP Utility -- Art Grant Governance:
All profits for the HD ALICE Project go into an Art Grant for NSFW Cryptoart Challenges. Artists who successfully complete a challenge will have their project voted on by $EXPOP holders, using Snapshot.
As of today's date, the Art Grant is valued at 0.9235 ETH, and is being stored via Colony:
- Guild Bank: http://sexpopcollective.org
These challenges and the specifics of them will change, but they will include some component of putting down ETH to participate, and if the challenge is successful, then $EXPOP holders will vote on Grant Distribution for that project.
If the challenge is not met, the deposit will be absorbed into the Grant Pool, this way there is some perpetuity to the source of Grant Funding beyond my initial contribution.
I will be leading these challenges, and inviting others to join in with me, though I will be exempt from receiving any Grant Funds.
The specifics of the challenges are not yet formed, and will be announced per iteration.
[Snapshot is a free, off-chain, ETH Governance tool that snapshots $EXPOP held in your Metamask Wallet.]
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$EXPOP Utility - CHOYA Experiments:
Currently, Patreon is the only platform who is capable of voting for my work, to decide which projects I do next, or how these projects will go.
Using Snapshot, I'll be able to unify all platforms under a single governance mechanism, and Live Tweet Experiments and projects that have a Choose Your Own Adventure / Improvised element to their story construction.
This will publicly build up an audience that will be able to see the work being created, but they will not be able to participate unless they are a $EXPOP Token Holder.
[Snapshot is a free, off-chain, ETH Governance tool that snapshots $EXPOP held in your Metamask Wallet.]
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$EXPOP Circulation, Swap Pairs & Liquidity Pools:
Given that the two primary utilities for $EXPOP are governance experiments, and purchasing NFTs via Opensea we ought to see the token break down into two categories:
- HODLers who prioritize governance participation
- Audience members who want to spend their stash on NFTs
What will end up happening is that the people who buy NFTs with their stash will circulate $EXPOP Back to me, or to whatever project cause those sales are being committed toward.
Since I'm not holding any personal stash unless NFTs are sold for $EXPOP, I will not have any pre-minted amount of $EXPOP to form a liquidity pool:
This means that Liquidity Pools and Swap Pairs will be deprioritized for $EXPOP, but, when my own supply increases, I will make investments in creating Pairs and Pools, and will announce them at that time.
The priorities of distribution toward engaged audience members, utility, and NFT Sales are designed to create a long term utility token to reward community members, and facilitate increased engagement - not a hype based speculation token.
The token has a fixed supply and monthly distribution schedule, which means that the monthly distributions will stop in 3 years.
When the initial supply, and monthly vesting has been completely distributed [in 3 years time], the primary method of obtaining $EXPOP will be via Liquidity Pools and Swap Pairs.
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EXPLOITS!
The project is designed to channel exploits into constructive token uses.
- Since the initial airdrop is Retroactive, it would be a good idea to have been someone who invested in my artwork over the last 3 years if you wanted to acquire $EXPOP.
This isn't so much an exploit, as a thank you to the people who made my work possible so far.
- Since the 3 Year Vesting has Monthly Distributions, it would be advantageous for audience members to financially support my work each month, as the distribution per month / week is fixed, and distributed amongst supporters for that month / week.
This isn't so much an exploit, as an incentive aligned structure, to encourage collectors / patrons / backers to support my work. If I have a slow month, there will be fewer people to share the rewards for that month / week.
Hopefully in announcing the victors of that increased share of $SEXPOP for that time period, it will attract more collectors / patrons / backers for the month to follow, which in turn will balance out the distribution.
- If $EXPOP is used to purchase NFTs, collectors are then free to resell those NFTs, if such a market can be found for them.
This doesn't mean I'm promising that you'll be able to resell these NFTs for money, but they will be yours to do what you wish on Opensea.
- When the Liquidity Pools and Swaps are formed, there will also be a form of exit into other currencies.
I will not be intending to increase prices, and will be treating this as a utility token. The objective here is to make actually using the token, or purchasing the NFTs a higher value to my audience members than Dumping on a Liquidity Pool.
The designs outlined above are intended to allow for price discovery in liquidity pools at the end of the vesting period, and focus the value creation of $EXPOP through NFTs as rewards, and through governance experiments to facilitate community engagement, and the creation of more NSFW Cryptoart Projects.