\*While not intrinsically a part of the $DOWN Vault ecosystem, the CryptoVisions Daily NFT sales will have 10% of their revenue allocated to a 5/5 split to the $DOWN Vault and the $DOWN DAO treasury.

Sup nerds? to start- img credit - GladEye (2019)

A look back at the unfettered progress made with $DOWN this year, and a look forward at the next one.

It goes without saying that anyone involved in DeFi recognizes the benefits of making a token deflationary through ongoing token burns to reduce the circulating supply. While a reduction in circulating supply makes sense for the $DOWN Vault token, the issuance method of $DOWN makes it counter-productive to directly burn tokens, due to the fact that the tokens are redeemable for ETH in the event of a buyout of the NFT that underpins the tokens.

ESTO DEBE SER CONSIDERADO UNA VERSION 2 DEL WHITEPAPER DE LA BÓVEDA $DOWN. Hay algunos cambios pequeños respecto a la publicacion original del whitepapper

$DOWN ($DOWN Vault token) is an experimental and innovative ‘social-token’ engineered and deployed by BruceTheGoose and DappGoose Labs. The token works similarly to others in the social-token sector, in the sense that the tokens are a method for BruceTheGoose to promote their content, create incentives for various tasks and to reward participants in their projects, social media followers/engagement, and collectors of their cryptoart NFTs, etc. What sets $DOWN apart from other social tokens is that the tokens are intrinsically linked to an expanding reserve of assets by fractionalizing an Emblem Vault NFT in order to issue the token; instead of simply deploying an ERC-20 and finding ways to add value to it afterwards. Full details are available in the whitepaper.

Welcome to the next stage of evolution for social token economics.