OMMG DAO NFT Treasury Fractionalization

$uART token for OMMG NFT holder

One of the first articles we wrote was about the fractionalization of the OMMG DAO NFT Treasury (https://medium.com/ommg/ommg-staking-f91e8bacd417)

This idea evolved a bit, but in the end, the fundamentals stay the same:

1. We add OMM NFTs and NFTs from artists launching on OMMG into the treasury.
2. We buy NFTs from other projects (or get them for collabs) with the royalties we get from the secondary market and add them to the treasury.
3. We add royalties directly to the DAO Treasury.
4. We use the NFTs and the coins to set up a token representing fractions of the NFTs in the treasury and give the coin treasury as a base. These fractions are the $uART token we create through unic.ly.
5. You can see the (current) treasury here: https://etherscan.io/address/0x246a00729339392340caba40635d956c141a32b1

In total, there will be 1,000,000 $uART tokens created. We start at an estimated value of $0.01 / token.

The goal is to raise the value within 3–6 months to $0.2 to $1.

To get there, we will make private sales for equity to get enough funds for:

1. Buying new NFTs to add them to the pool.
2. Adding liquidity to the NFT treasury to raise the value of tokens directly.

Airdrop

2,5% (25,000) will be airdropped to OMM holders immediately. If you own pairs of NFTs from artists launched on OMMG, it raises the number of tokens you get from the airdrop.

For each DLG, ARG, or 1on1 that should count, you will need to have 1 OMM.

TL;DR;

Sum up the 1/1, DLG, and ARG tokens and get as many OMM tokens. That will get you the most out of it.

If you don’t own so many OMM, they are used in a pair with

1. 1/1 (Most valuable)
2. DLG (2nd most valuable)
3. ARG (3rd most valuable)

Details

The factor for the collections are:

1/1 =>3
DLG => 1.5
ARG => 1.2
OMM =>1

The factor of each collection is used to determine the total supply of the tokens a collection (ARG, DLG, OMM, 1/1) gets.
The calculation base is always the total supply (25,000) / Number of OMM NFTs (945) = 26,45 tokens would be dropped per OMM (Factor 1).

This number is taken and multiplied by the factor and the number of eligible tokens of a collection. Eligible is a token only if enough OMM are available as pair. This number is then multiplied with the factor and gives, in the end, the value for each collection token compared to the other OMM collections.

1 OMM,
1 OMM + 1 ARG,
2 OMM + 1 ARG +1 DLG,
3 OMM + 1 ARG + 1 DLG +1 1on1

Examples:

If you own 8 OMM, you will get ~58 $uArt.

If you own 8 OMM + 8 ARG, you will get ~254 $uArt.

If you own 8 OMM + 8 ARG + 8 DLG, you will get ~317 $uArt.
=> Only the 8 DLG get into count with the 8 OMM

If you own 16 OMM + 8 ARG + 8 DLG, you will get ~571 $uArt.
=> BOTH the 8 DLG + 8 ARG get into count with the 16 OMM

If you own 8 OMM + 8 ARG + 8 DLG + 2 1/1, you will get ~396 $uArt.
=> Only the 2 1/1 and 6 of the DLG get into count with the 8 OMM

If you own 18 OMM + 8 ARG + 8 DLG + 2 1/1, you will get ~730 $uArt.
=> ALL, the 2 1/1, the 8 DLG, and the 8 ARG get into count with the 18 OMM

Staking

The staking of the OMM and artist tokens will reward you.
There will be 35% (350.000) $uArt used as a staking reward over 60 months.
The staking mechanics will be similar to the airdrop mechanics but it will cover also the rarity.

And: OMM will have more value than others.

Details will follow soon.