The Proposal
Introduction
In this critical phase of the Beetcoin Project, we are taking a bold step forward to establish a robust financial foundation.
This foundation will support accelerated development and ensure long-term sustainability. Our proposition aligns with our vision of community-driven growth and offers tangible benefits to those who believe in our mission.
Offering of BeetDao NFTs:
We propose the issuance of 1,111 "BeetDao" NFTs.
These NFTs represent much more than speculative assets; they symbolize a direct stake in the future of the Beetcoin Project. BeetDao NFT holders will share proportionally in the revenue streams generated by our innovative services, including but not limited to the Beetcoin All-in-one Discord Bot, NFT Upgrade Module, Non-Custodial Staking Module, and the Beetcoin Project Back End, along with all future third-party features.
Collection Details:
Total Supply: 1,111 BeetDao NFTs.
Mint Price: 50 USD.
Max Amount to Raise: 55,550 USD.
Community Art: The art for the NFTs will be 100% provided by the community, and inspired within the Beetcoin Ecosystem.
Proposal Milestones:
20,000 USD: Base LP Funds (400 BeetDao NFTs).
30,000 USD: Development speed-up allowance (600 BeetDao NFTs).
Above 30,000 USD: All additional investment funds will be added to the LP funds.
Purpose of the Offering
The proceeds from the sale of "BeetDao" NFTs will be strategically allocated to accomplish two primary objectives:
Liquidity Provision: A substantial portion of the proceeds will be used to establish a robust initial liquidity pool (LP), ensuring a stable and healthy market for the Beetcoin token.
Expedited Development: Remaining funds will expedite the development of our technology stack and services, accelerating our roadmap and innovation.
Benefits to "BeetDao" NFTs Holders
Holding a "BeetDao" NFT means:
Transferable benefits: BeetDao NFTs holders will be able to sell their NFTs in secondary markets, enhancing the opportunities for financial benefits beyond its revenue stream.
Revenue Sharing: Receive a proportional share of the revenue generated from the Beetcoin Project's suite of services. 50% of the revenue will be distributed to NFTs holders on a monthly basis.
Governance Participation: Engage in decision-making processes and have an empowered voice in the future direction of the project.
Preferential Access: Get preferential access to new features, tools, and services developed by the Beetcoin team.
Reseller: DAO members will be official “resellers” of our different features, receiving a commission on the sales they make.
Discord Roles: Customized Discord roles.
Vested DAO Allocation: 1% of Beetcoin’s max supply (210,000 tokens) will be airdropped monthly for 24 months post-token launch, averaging 7.87 Beetcoins per NFT per month for two years. We are taking this 1% out of the initial 8% team allocation.
Royalties Initiative for Old Token Holders
Addressing old token holder compensation, a 10% non-enforced royalty on BeetDao NFTs will be split: 50% airdropped monthly to NFTs holders and 50% to the "Beetcoin Token Compensation Initiative" wallet.
This wallet will buy Beetcoins in the open market, creating a pool for future compensation of old token holders. Upon community consensus on completing the Initiative, these royalties will revert to BeetDao NFT Holders.
Proposal Acceptance Criteria:
Stage 1: Sent for Community Approval. (Current Stage).
Stage 2: NFT Mint.
20,000 USD (400 BeetDao NFTs) required to successfully launch the Beetcoin DAO.
If the first milestone is not reached within 72 hours, the proposal will be considered declined, and all funds will be returned to the contributors.
Stage 3: Close Mint.
The mint process will finish 72 hours after the first milestone is reached (400 BeetDao NFTs minted).
All remaining/unminted NFTs will be burned
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