Stacks is a community driven investment platform and DAO. We strive to provide our investors with a stable, safe and rewarding monthly revenue. Stacks will raise a treasury from the sale of it’s unique NFTs. These Stacks NFTs will give the holder access to:
The treasury’s profits
Voting rights
Exclusive access to research and alpha
Exclusive access to Discord private channels, and to the team
Exclusive deals, alpha and airdrops from projects the DAO invests into
The NFTs are minted and initially sold through a daily auction. Every 24 hours we start a new auction for a unique NFT. These auctions will run for a bit over 10 years giving the project a maximum cap of 4,009 NFTs. We will never exceed this number. The profits will be shared per NFT to the ratio of 1/<# NFTs minted>.
The treasury will be raised from the sale of the NFTs and the principal will never be distributed nor leave the DAO’s jurisdiction. The profit from our investments will be equally distributed to all the NFT holders. Initially we’ll set a reinvestment rate of 50%. We’ll aim to lower this every year until we reach 0% reinvestment and all profits are distributed to the holders.
Besides the DAO, there’s The Counsel. This adds another level of security and accountability to the project. The Counsel will be a group of active investors that contribute research and expertise to steer treasury investments. Members of The Counsel will be voted by the DAO members. They can be replaced if the DAO considers it to be appropriate.
Bruno and Sam are the founding team. Bruno is a software developer with more than 8 years of experience. He’s worked with crypto for 5 years and has heaps of experience on other Web3 projects. Sam is our community manager and ops go-to. He has 6 years of experience in Tech Sales & Recruitment and over 5 years of investing and research in the web3 and crypto space. The whole team is public and will be KYCd.
Our whitelist will open on the 15th of December 2022. Anyone can register by paying a registration fee in USDC. The fee will start at 100 USDC and slowly increase until it reaches 1,000 USDC. This gives early adopters a clear and fair advantage.
There will only be 1,000 spots for the whitelist.
The benefits are as follows:
Early access to the project. You can buy Stacks NFTs 50 days before the public auctions starts
A discount on the NFT. The price of the NFTs will be discounted by the value you paid in the whitelist, so the WL is technically free
Early access to future features
Exclusive access to future airdrops (from Stacks or our incubated projects)
Discord role as "Founder"
Private Discord channel just for "Founders", and better access to team and mods
Exclusive access to future events (like AMAs just for founders)
There’s also a referral reward of 50 USDC for you if your referral registers.
The immediate work - that will start right after the whitelist is ready - is the creation of the NFT contract and the designs. This will be done in the first month, in partnership with a NFT designer.
The second piece of work that’ll be started within the first month (early December) will be the auction contract and it’s frontend.
Both these contracts and dapp will be extensively tested (both automatic and manual tests). This takes time, but guarantees our contracts are solid and protects us against unforeseen edge cases and attacks.
During the first 3 months we’ll also work on building the profit distribution contract and frontend. This will allow holders of Stacks to see where the treasury is invested and how much return it is getting. It will also allow them to withdraw their share of the profits.
The DAO voting contract will also be developed in the first 3 months of the project. Initially allowing holders to vote on proposals through Snapshot, and later through something more custom to our needs.
Regarding community building and the management of the treasury we will continue partnerships with influencers and fans of the project so that Stacks keeps reaching its audience. The treasury will initially be managed by the team, but that function will slowly be moved to the DAO and the Counsel.
In the first few months we’ll also have multiple votes to assign members to the Counsel.
We’re aiming to have whitelist access live by the 1st of March for WL members. This first phase of the project will last 50 days and allow participation only to the members that joined the WL. During this special phase of the project we will be auctioning 2 Stacks NFTs per day instead of one.
After 50 days and 100 NFTs auctioned, phase two will start where the project launches to the public and one NFT is auctioned per day for a little over 10 years, like pointed above.
We’re so excited to release this project into the world. We believe with an awesome community and expert advice and research we can deliver great returns to our stack holders. If you want to know more, please see the links below. Join our community today!