Baby Samo Coin ($BABY) Litepaper
Address: Uuc6hiKT9Y6ASoqs2phonGGw2LAtecfJu9yEohppzWH
Website: http://babysamocoin.com
Genesis NFT Secondary: https://alpha.art/collection/baby-samo-genesis
Twitter: https://twitter.com/BabySamoCoin
Discord: https://discord.gg/babysamocoin
Telegram: https://t.me/BabySamoCoin
Reddit: https://www.reddit.com/r/BabySamo/
Introduction:
In October of 2021 something incredible happened, a Baby Samoyed puppy was born on the Solana blockchain! Baby Samo Coin ($BABY) is an opportunity for a new generation of meme-powered gains wrapped in the cutest package ever seen in the Solana ecosystem.
There is nothing cuter than a Baby Samoyed puppy, right?
Baby Samo Solves Illiquid NFT’s
Baby Samo is a meme-forward coin with a serious mission. Baby Samo works to solve illiquid NFT’s by programming demand into the $BABY Tokenomics. A large portion of the total $BABY supply is reserved for Baby Samo NFT holders to exchange and burn their NFT’s for a set amount of $BABY at any time. Our proprietary code automates this utility, helping to bridge the gap between decentralized finance and NFT technology.
Charity
The positive impacts of Baby Samo Coin will extend far beyond the Metaverse and into the real world via regularly scheduled charitable donations to Not-for-Profit Organizations. Giving back is one of the key pillars of the Baby Samo project. For Baby Samo NFT projects, we will be donating 10% of all minting proceeds and 50% of all royalties to Not-for-Profit charities selected by the Arf Arf Army.
Baby Samo NFT’s
The Baby Samo team is set to launch the Baby Samo Genesis NFT collection in conjunction with the launch of Baby Samo Coin. Half of the proceeds from the Baby Samo Genesis NFT collection will be used to buy-back and burn $BABY on the open market.
The Genesis NFT’s serve as a $BABY coin store of value because the NFT’s can be exchanged and burned for 911,161 $BABY coins at any time. The mint price of the Genesis NFT’s is fluid, to guarantee the cost to mint is lower than its intrinsic value at launch. This means holders could exchange and burn their Genesis NFT for more than the cost incurred to mint. The intrinsic value of the Baby Samo Genesis NFT’s will increase as the price of $BABY increases overtime. As more NFT’s are burned, scarcity will rise, increasing the extrinsic value of the Genesis NFT’s.
The symbiotic relationship between $BABY coin and Baby Samo NFT’s creates a positive feedback loop that will power a self-supporting economy. The proceeds from the genesis NFT collection and secondary sales will be distributed as shown in the table below.
$BABY Tokenomics
- 10,000,000,000 — $BABY Total Supply
- 40% (4bn) — Reserves for Baby Samo Genesis NFT
- 30% (3bn)— Liquidity and Emissions
- 10% (1bn) — Publicly Distributed Airdrop
- 10% (1bn) — Marketing and Giveaways
- 10% (1bn) — Core Team Vesting
Reserves for Baby Samo Genesis NFT
40% (4bn) of the $BABY coin supply is reserved for the Baby Samo NFT’s. Holders of Baby Samo NFT’s will have the option to exchange and burn their NFT for a set amount of $BABY coin at any time. The NFT’s are burned if the owner decides to exchange them for $BABY. This utility is automated utilizing our custom designed code. We believe this function will be disruptive to the way NFT’s are utilized and valued by the broader market.
20% (2bn) of the total $BABY coin supply is reserved to back the Baby Samo Genesis NFT’s. This means the Genesis NFT’s have a permanent intrinsic value of 911,161 $BABY per NFT. The Genesis NFT holders have the option to decide whether that supply of $BABY enters the market or if they will hold the Genesis NFT for $BABY staking rewards.
The remaining 2bn supply of $BABY is reserved for staking rewards exclusive to Genesis NFT holders. There is a scarce supply of 2,195 Genesis NFT’s, which means extensive staking rewards to holders. As Genesis NFT’s are burned, the staking rewards grow immensely for remaining holders. The Genesis NFT’s are programmed to become more valuable overtime by receiving a higher percentage of staking rewards when other Genesis NFT’s are burned.
Liquidity and Emissions
There is a 30% (3bn) distribution of $BABY coin that is designated for liquidity. 10% (1bn) of the total supply of $BABY will be utilized for liquidity at the time of launch. The remaining 20% (2bn) is reserved for strategic placement of liquidity in decentralized markets as well as emissions for incentives to liquidity providers.
Publicly Distributed Airdrop
10% (1bn) of the total $BABY supply is allocated to a publicly distributed airdrop. The airdrop will provide 100,000 $BABY coins per person, and will be available to the first 10,000 people that complete the airdrop request form. If there are less than 10,000 people that participate in the publicly distributed airdrop, the remaining $BABY coins will be burned.
Marketing and Giveaways
There is a 10% (1bn) distribution of $BABY coin allocated for expanded marketing efforts and giveaways to the Arf Arf Army. The Baby Samo team will also work directly with other NFT projects within the Solana ecosystem; adding value to both communities in the form of collaborated giveaways.
The earliest supporters of the Baby Samo project have been assigned the “Baby Samo OG” role in Discord and will receive an airdrop of 50,000 $BABY each. Members of the Arf Arf Army who have been recognized for going above and beyond to positively impact the Baby Samo project have earned the role of “Baby Samo Hero” and will receive 100,000 $BABY each. Finally, the winners of prelaunch giveaways: “Meme Giveaway”, “Task #1 Giveaway” and “Task #2 Giveaway” will also receive 100,000 $BABY each.
Core Team Vesting
The Baby Samo core team is committed to providing long term value to the Baby Samo project. Therefore, the 10% (1bn) distribution of $BABY coins to the core team will be vested overtime to promote consistent engagement in the Baby Samo Coin project. Bonfida Token Vesting is being used to vest the core team’s distribution of $BABY coins. This distribution is divided equally between all seven members of the Baby Samo core development team and all core team members have the same vesting schedules.
The core team will receive 50% (500mm) of their $BABY distribution around the planned time of launch on Monday November 8th, 2021. Each of the seven core team members will receive an equal distribution of 71,428,571 $BABY coins at this time. The remaining 50% (500mm) will be vested to the team weekly in increments of 5% (25mm) $BABY coins. The Baby Samo core team will be fully vested after 20 weeks; on March 28th, 2022.
How to Mint — Baby Samo Coin ($BABY)
How to Buy $BABY
Disclaimer: The information provided shall not in any way constitute a recommendation as to whether you should invest in any product discussed. Baby Samo Coin’s team accepts no liability for any loss occasioned to any person acting or refraining from action as a result of any material provided or published. Baby Samo Coin is not a security as per US financial regulation, Europe, UK, Canada, or any other regulation. Baby Samo Coin’s team, developers, and other stakeholders created this as a fun community token only. The ownership of $BABY coin does not give any right of return, vote, management, or any other right.
