AllStreetBets ($BETS) Whitepaper
AllStreetBets White Paper
AllStreetBets is a Community with a culture coin ($BETS) that represents individual Sovereignty. We are building the world’s greatest DeFi community, and empowering our members.
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Introduction
AllStreetBets is built around the principle of empowering voices through community, philanthropy, and finance. It aims to finance ongoing change, disruption, and empowerment, positioning itself as a perpetual, memorable, and meme-able entity that outlasts cycles, narratives, and markets. Rooted on the Base blockchain, AllStreetBets is designed for universal accessibility.
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Vision and Mission
Vision
We envision a world where individuals are empowered to live and speak freely and reasonably act without fear of reprisal or cancellation. AllStreetBets seeks to create a decentralized ecosystem that champions freedom, fuels new technologies, and fosters movements that equip the next generation of leaders and innovators.
Mission
To achieve our vision, AllStreetBets is committed to:
- Community Empowerment: Building a strong, supportive, and intelligent community.
- Philanthropy: Supporting causes that align with our values, including anti-child trafficking.
- Decentralization: Promoting and protecting individual freedoms through decentralized technologies.
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Foundational Ethos
AllStreetBets was conceptualized with a strong belief in the power of decentralized communities. Our ethos revolves around:
- Freedom of Expression: Challenging centralization where it stifles free speech.
- Freedom to Transact: Ensuring the right to conduct transactions without centralized interference.
- Empowerment Through Technology: Utilizing blockchain and decentralized finance (DeFi) to empower individuals and communities.
- Leadership and Service: Elevating those who demonstrate respect, service, and the ability to uplift and add value to community initiatives.
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Founders’ Background
Samdude
Samdude, a co-founder of AllStreetBets, has a background in Operations, Business Development, and Quality Assurance. He has learned the power of decentralization and has a clear vision of how to protect freedoms for the future. Samdude is dedicated to building and empowering the right network of individuals to ensure that these freedoms are safeguarded. His ethos revolves around empowering the community and elevating those who respect and uplift others.
Jaime Rogozinski
Co-founder Jaime Rogozinski founded WallStreetBets in 2012. His vision for WSB was to create a community of intelligent individuals identifying opportunities in traditional finance and exposing systemic corruption. Despite facing challenges such as censorship and centralization, Jaime grew WSB to over 13 million users.
Lessons Learned
Jaime’s experience with WallStreetBets highlighted the dangers of centralization:
- Censorship: Examples include Robinhood’s restriction of trading during the GameStop saga and Reddit’s legal challenges.
- Loss of Power and Privacy: Centralized control often leads to exploitation and misuse of power.
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Structural Framework
Community-Centric Approach
The heart of AllStreetBets is its community. We prioritize building a decentralized community where individual sovereignty is paramount. Our objectives include:
- Decentralized Architecture: Utilizing blockchain technology to ensure absolute freedom to transact.
- Resilient Systems: Creating systems that cannot be manipulated by centralized entities.
Key Initiatives
- DeFi Utility: Developing cutting-edge DeFi applications.
- DeAI Integration: Merging decentralized AI with finance.
- Gaming and Community Engagement: Creating engaging, gamified experiences.
- Global Adoption: Serving as a funnel for mass adoption of decentralization.
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Cultural Themes
The Hero and the Villain
Successful memecoin projects often revolve around compelling narratives. AllStreetBets merges two distinct storylines representing power and good:
- The Whom: Empowering the collective power of the global community.
- The Unrighteous Scorn: Highlighting corporate interference and censorship.
- The Distressed Damsel: Addressing the serious issue of human trafficking.
- The Villain: Identifying the censorship establishment and one-sided ideals.
- The Hero: Representing all people in their quest for freedom, expression, and the right to transact.
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Tokenomics
Overview
AllStreet $BETS is a privately funded 3% tax token, launched on the Base chain for low cost and high efficiency. The tokenomics are designed for long-term success with a focus on community benefits and sustainable growth.
Token Distribution
1. 3% Total Buy/Sell Tax:
- 0.75% Buybacks: Reduces supply and increases ownership percentage over time.
- 0.75% Marketing & Development: Ensures continuous funding for expansion and development.
- 0.75% Charity Fundraising: Supports anti-human trafficking initiatives.
- 0.5% Partner Fees: Incentivizes project founding partners.
- 0.25% Developer Fee: Compensates ongoing project development efforts.
2. Supply Allocation:
- 20% Operations & Project Development:
Includes allocations for CEX, marketing, core team bonuses, community rewards, and partnerships:
- 5% CEX Allocation
- 5% Marketing Allocation
- 5% Core Team & Bonus Allocations
- 5% Community Rewards & Partnerships
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Value Proposition
Financial Tools and Community Benefits
- $BETS Token: Central to our ecosystem, offering investment opportunities and financial tools.
- DeFi Applications: Competitive applications with token locking, supply burning, and staking mechanisms.
- Community Initiatives: Focus on making money together, building valuable experiences, and philanthropic efforts.
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Partnerships and Collaborations
Key Partnerships
- Wire Blockchain: A testament to our commitment to cutting-edge technology and decentralized solutions.
- ESMX Gaming: Supports our gamification efforts and helps draw web2 natives into web3 ecosystems and products.
- Strategic Alliances: Collaborations that enhance our ecosystem and offer mutual benefits.
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Product Map
The AllStreetBets Product Map outlines the various components and services that make up the AllStreetBets ecosystem:
1. Wallet: A smart dApp for universal buying, swapping of crypto across chains, and aggregation of NFTs.
- Omni NFT Aggregation
- Ultra Competitive Omni DeX
- OmniChain BETS Wallet
2. Betting Platform: A platform for gamified finance, gaming wagers, and mini-games.
- Prediction Wagers
- DeAI Game Betting
- Mini Games
3. DeAI Product: Solutions for web3 education, guidance, automated trading, and gaming support.
- Web3 Guidance Companion
- DeAI for Web3
- Competitive DeAI Player
4. P2E Gaming: Integration resources to bolster the digital gaming economy, competitive gaming, and DeAI gaming.
- P2E Games
- DeAI Gaming
- E-Sports Team
5. NFTs: 404 NFTs that support the AllStreet Economy and integrate into betting and trading products.
- Digital Economy
- Exclusive Collabs
- Passes & Ticketing
6. AllStreet Apparel: A streetwear brand to enhance Web2/web3 brand recognition and digitalization.
- Streetwear Fashion
- Exposure via Trendsetting
- Web2/Web3 Crossover
AllStreet Economy Goals:
- Improving Token Utilization: Enhancing the use and value of $BETS within the ecosystem.
- Providing Tools & Entertainment: Offering tools and entertainment for the community.
- Brand Enhancement: Enhancing the AllStreetBets brand through strategic initiatives.
- Competitive Tools & Education: Providing competitive tools and educational resources.
AllStreet Currencies
The primary focus is on $BETS, with partnerships and integration of other currencies that complement the ecosystem and agenda. $BETS will facilitate reward mechanisms, staking incentives, partnership reward incentives, and serve as governance for DAO initiatives. At this time, there are no immediate plans for additional tokens. If an additional token is deployed, it would function as a pure ecosystem currency in the expansion of an AllStreet economy, and virtually all DeFi utility would remain in the $BETS token as the primary value proposition.
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Future Plans
Our journey with AllStreetBets is just beginning. We are committed to:
- Continuous Innovation: Developing new products and services.
- Expanding Our Community: Growing our global presence and impact.
- Upholding Our Values: Ensuring that our actions and initiatives align with our foundational ethos.
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Conclusion
AllStreetBets is more than a meme coin; it is a movement towards decentralization and empowerment. We invite you to join us in building a future where freedom and financial sovereignty are accessible to all. Together, we can disrupt the status quo and create lasting change.
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Contact Information
For more information, please visit https://allstreetbets.com or follow us on Twitter [@AllStreetBetsV1] (https://twitter.com/AllStreetBetsV1).
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This white paper provides a comprehensive overview of AllStreetBets’ mission, vision, and strategic direction. It is intended for potential investors, partners, and community members who share our commitment to decentralization and empowerment.
