What Is Shoe Maker Guild?
Introduction to Shoe Maker Guild
Shoe Maker is a Fractionalized Community Owned Pegaxy Guild powered by NFT technology.
Shoe Maker Guild is a Fractionalized Community Owned Pegaxy guild powered by NFT technology. The reason that this protocol has significant moat is because the barrier to entry that is present in Pegaxy in today’s crypto market is simply too high, costing more than most can afford. These figures are simply too exorbitant to attract the masses, and that’s exactly what we aim to do with Shoe Maker Guild.
We will fully manage the guild then bring reliable yield straight back to your wallet. The way in which the protocol does this is via the minting of a NFT that represents a holder’s share of the guild, and by holding onto the NFT, the yield their portion of the guild generates is forwarded to their wallet! Easy enough right?!
The rest of this article will further break down how Shoe Maker works, its value proposition, potential future applications, and more! However, if you simply want access to the best yields you can get without having to worry about managing Pegaxy Assets yourself…this is it!
Fractionalized Ownership in Pegaxy
Our first NFT mint we will release is a pool representing fractionalized ownership in Pegaxy. As mentioned earlier, the cost of entry to Pegaxy is simply too high for many people, more than most can or are willing to invest. With Shoe Maker Guild we have created fractionalized ownership of these horses, so that users are able to own a share and receive the yield created from playing Pegaxy. Further, users will be able to compound their yield with our auto-compounding pool to earn even higher yield.
There are numerous benefits to using Shoe Maker Guild to enter Pegaxy:
- We have automated the process, so even for those users who can afford horses, Shoe Maker eliminates the labor involved from managing their horses, managing scholars and constant breeding. All very time consuming.
— Allows entry to users who cannot afford horses themselves and allows them to compound with managed risk as opposed to compounding with larger capital allocation. A user can buy a share of our guild with as little as $50 if they choose and it will be automatically compounded via breeding over time.
Why Shoe Maker Guild?
As stated in the introduction, Shoe Maker is the easiest way for anyone to gain access to some of the best yields in Pegaxy with little to no effort on their part. Here is how entering Shoe Maker Guild will work:
1. Shoe Maker will mint 8,000 NFTs ($50 Each), each NFT represents fractionalized ownership of the guild
2. User decides they want exposure to 1% of the pool, they simply mint 80 NFTs.
3. User receives Shoe Maker NFT in-wallet to HODL.
4. Shoe Maker uses crowd funded pool liquidity to obtain necessary Horses.
5. Shoe Maker operates the pool and distributes yield to NFT holders in the form of VIS.
With the above system, Shoe Maker Guild takes the work out of your hands and puts it into ours for a 15% performance fee. 10% will be used for constantly breeding more Horses to increase yield for all holders of the pool and 5% will be paid to the team for operating cost… but consider that the first pools we’ll be giving access to provide a increasing 2% DAILY ROI, in a non-dilutive fashion, and ceding the fee turns out to be a deal in the end, and a no-brainer.
Why is this an NFT, and not an ERC-20?
Imagine if this was an ERC-20, Shoe Maker finds the yield and then pays out in Shoe Maker ERC-20 token… this creates constant sell pressure on the very token we are trying to to bring value to, creating a disadvantageous tokenomics loop as people take profit.
Now consider this NFT model where the user mints an NFT representative of their share of the guild, Shoe Maker creates the yield and administers to NFT holders. This brings 0 sell pressure to any tokens in the guild that is being created, and utilizes the liquidity of VIS for yield. Pretty cool right?
That’s not where the advantages stop though… So now you have a yield-bearing NFT, yielding a increasing 2% a day, this is an EXTREMELY valuable asset that can accrue value easily and quickly on a secondary market. The reason for this is that the NFT has intrinsic value in its yield, so a holder can simply calculate its forward value to determine what its listing price should be on the secondary markets.
Not only is this a scarcely used NFT model, but it is novel to the P2E space in this fashion (Aavegotchi’s are similar in their ability to be charged and become yield-bearing assets as well).
So, to bullet point “Why NFT?”:
-Non-dilutionary yield is possible with NFT
-Creates no sell pressure on an ERC-20, as would’ve occurred if this model was based on a Shoe Maker ERC-20 token
-Creates the ability to have a secondary market for these NFT’s, which would have great effect on increased guild building via royalty opportunities if the secondary market became an active place
-Mint NFT, hold in wallet, yield VIS, can’t be easier than that!
The Future Potential
Aside from the individual benefits, which are plentiful, one must also consider the effect of Shoe Maker on Pegaxy. In operating our guild essentially becomes a Pegaxy Market Maker for the games liquidity. This is due to the fact we will be large players in Pegaxy by being able to pool large amounts of funds together to acquire assets much quicker and we will be buying and selling a ton of the assets we are dealing with, providing liquidity to players and traders…
The Nitty Gritty (Numbers/Details)
Alright, so now you understand what Shoe Maker Guild is, and why it’s amazing, let’s go over some quick initial numbers on the protocol:
- First pool launching will yield 2% daily ROI that will increase over time with auto-compounding via breeding.
- Initially we will raise $400,000 through our initial mint. We will allocate $100,000 to purchasing floor Pegas, $200,000 to purchase virgin Pegas and the remaining $100,000 will be used to purchase VIS and PGX to cover breeding cost. With current marketplace prices it is estimated that we will be able to have approximately 520 horses who will each yield on average 300 VIS a day providing a 2% daily ROI for holders.
- Imagine we earn $100,000 in performance fees in a month (a short term goal), this would equate to $3,000 daily auto compounded into the pool to increase yield for our holders infinitely increasing the value of everyone’s NFTS over time.
Shoe Maker Guild is a novel and simple way for those that simply cannot afford the exorbitant start-up costs to take advantage of the yield Pegaxy has to offer. It is a means to fractionalize yield, and allow the masses to have access to it without needing to break the bank on entry, which is massive for the majority of the world.
So, to wrap this all up- mint as much as you’d like of a pool, HODL the NFT token representative of that share, and enjoy the yield! Can’t wait to see you out there friends!