Solootbox DAO Litepaper
BOX Address: DysbQiM8nPdZbBhvHM1EgcSE73EwtFWDanXwY8CDD3Jn
Website: https://www.solootbox.xyz/
Claim Your Free BOX Tokens: https://solootboxairdrop.com/
Twitter: https://twitter.com/solootbox
Discord: https://discord.gg/MVKamvkwX7
Solootbox DAO Introduction
Solootbox is a rewards-driven DAO that utilizes monthly NFT Generations to crowdfund the Treasury while rewarding the top blue-chip Solana NFT’s to holders. The NFT Generations are staked to earn BOX; the Solootbox DAO governance token.
Solootbox DAO is built by the Solana NFT community for the Solana NFT Community. That is why 10% (100 million) of the total BOX supply is allocated to members of the Solana ecosystem based on Magic Eden activity.
Investment Targets
Solootbox is focused on investing in the next generation of DeFi advancements on Solana including Decentralized Options Protocols, GameFi, and Play-to-Earn Gaming.
Solootbox NFT Generations
The monthly Solootbox NFT Generations consist of 10,000 NFT’s at a price of 0.5 SOL; yielding up to 5,000 SOL per month. The mint proceeds go to purchase the rewards NFT’s and fund the Solootbox DAO Treasury; re-investing into the Solootbox community and Solana NFT ecosystem instead of ending up in the back pocket of the Developers. The Solana NFT community deserves better and Solootbox DAO is here to deliver.
Unlike traditional NFT projects, the monthly Solootbox Generations add value instead of diluting the existing holders. This is because the early Solootbox NFT Generations receive a majority distribution of BOX, the Solootbox DAO governance token. Therefore, the early investors will own a majority share of the future liquidity that enters the Solootbox Treasury from every monthly Solootbox Generation mint.
Reward Top Blue-Chip Solana NFTs
1,500 SOL will be deployed to purchase the top blue-chip Solana NFT’s, which are then awarded randomly to holders of the current Solootbox NFT Generation. One of the best parts of minting a new NFT collection is the anticipation of pulling a rare. Now, imagine the rush of winning a SMB, Thugbirdz or Degen Ape instead. Solootbox NFT holders get to experience the rush of minting a rare on rocket fuel.
The monthly injections of capital into the top blue-chip Solana NFT projects will serve to further the growth and legitimacy of the Solana NFT ecosystem as a whole.
Solana Monkey Business is the blue-chip Solana NFT project selected to be awarded to the Genesis Solootbox NFT’s. At the time of writing, Solana Monkey Business NFT’s have a floor price of 150 SOL ($30,000 USD) which is 300x more valuable than the Solootbox NFT mint price.
Secondary Rewards NFT Project
1,000 SOL will be utilized to purchase the Secondary Rewards NFT project, which are also awarded randomly to holders. The Solootbox Community will vote on the Solana NFT project that they want to choose as the Secondary Rewards project each month.
There is incentive for other NFT communities within the Solana ecosystem to hold the BOX token to secure voting rights to deploy 1,000 SOL into their respective project every month.
Solootbox DAO Treasury
2,000 SOL is allocated to the DAO Treasury from every monthly Solootbox NFT generation; yielding up to 24,000 SOL per year. The Tokenomics of the Solootbox DAO are designed to incorporate 24 months of back-to-back Solootbox NFT Generations which will accumulate a total of 48,000 SOL into the Solootbox DAO Treasury.
Incentives Based Scarcity
The Solootbox DAO is the first project to implement game theory powered “incentives based scarcity” by allowing members to sacrifice their stake in the Solootbox DAO for entry into the Legendary Solootbox Giveaway valued at 500 SOL. The first five Generations of Solootbox NFT’s can be combined and sacrificed for an entry into the Legendary Solootbox Giveaway. A staggering 50% of all BOX staking rewards are tied to the Genesis — Gen 5 Solootbox NFT’s, which means the Legendary Solootbox Giveaway carries both substantial risk and reward to those that dare enter.
The remaining BOX rewards tied to sacrificed Solootbox NFT’s will be burned; further increasing the scarcity and value of the BOX token and Solootbox NFT’s. Also, the Legendary Solootbox Giveaway creates a demand to own all five of the first Solootbox Generations which produces an extra layer of value to each respective NFT Generation.
Those that value their ownership in the Solootbox DAO more than an entry to win 500 SOL benefit greatly from the additional scarcity and increased ownership percentage inside the DAO. The Solootbox DAO as a whole benefits from Incentives Based Scarcity because lower conviction members weed themselves out by sacrificing their stake in the DAO for a shot at a massive prize.
BOX — Solootbox DAO Governance Token
The BOX token will be used for governance of the Solootbox DAO and is earned by staking Solootbox NFT’s. BOX holders are responsible for governing the Solootbox DAO, which includes but not limited to: selection of investment targets, voting on internal management within the DAO and revisions to BOX Tokenomics structure. 70% (700 million) of the total BOX supply will be distributed via Solootbox NFT staking over a 24 month period of time.
There are significant advantages to being an early investor into the Solootbox DAO. Early investors gain access to the Solootbox DAO at a lower valuation, knowing there will be up to 48,000 SOL introduced into the Treasury over a two year timeframe. The early Solootbox NFT Generations receive a majority allocation of BOX tokens with diminishing yields in each subsequent Generation. This means the Genesis Solootbox NFT’s and early Generations receive a majority stake ownership of the Solootbox DAO.
For example, the Genesis Solootbox NFT’s receive 12% of the total BOX staking supply with an emissions rate of 350 BOX per month (per NFT). Whereas the final Generation of Solootbox NFT’s will receive only 0.18% of the BOX staking supply, with an emissions rate of 126 BOX per month. The diminishing returns staking model serves to match the risk/reward principles associated with investing at an early stage vs investing into an established and funded DAO.
BOX Tokenomics:
- 1,000,000,000 — BOX Total Supply
- 70% (700 Million) — Solootbox NFT Generation Staking
- 15% (150 Million) — Liquidity and Emissions
- 10% (100 Million) — Airdrop Claim to Solana NFT Community
- 5% (50 Million) — Core Team Vesting
Solootbox NFT Generation Staking
70% (700 million) of the total BOX supply will be distributed via staking to holders of Solootbox NFT Generations. The BOX staking rewards follow a diminishing returns model which allocates a majority stake to the early Solootbox NFT Generations. There exists a much higher level of risk to investors at the early stages of a projects development, so the rewards for taking that risk are also substantial. Reference the table below for breakdown of BOX staking distributions to each Solootbox NFT Generation.
Airdrop Claim to Solana NFT Community
Solootbox DAO is built by the Solana NFT community for the Solana NFT Community. That is why 10% (100 million) of the total BOX supply is allocated to members of the Solana NFT community based on Magic Eden activity. You can claim your free BOX allocation here.
Liquidity and Emissions
15% (150 million) of the total BOX supply is allocated for liquidity as required to support a decentralized market. This distribution will be used to generate liquidity pools on all major decentralized exchanges on Solana as well as emissions for yield farming opportunities.
Core Team Vesting
The Core Team will receive a 5% (50 million) distribution of the BOX supply over time via Bonfida Token Vesting. The Core Team vesting schedule will follow the Solootbox NFT Generations, with monthly token issuances spaced out over a 24 month period. The Core Team will also receive a distribution of 500 SOL from the monthly Solootbox NFT Generations.
Roadmap — Coming Soon
The Solootbox DAO roadmap is coming soon! Join the Solootbox Discord to stay up-to-date on upcoming project milestones.
Disclaimer: The information provided shall not in any way constitute a recommendation as to whether you should invest in any product discussed. The Solootbox 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. Solootbox is not a security as per US financial regulation, Europe, UK, Canada, or any other regulation.
