Harmonizing Crypto and Legacy Finance with Tokenomics

Our app uses a unique token system designed to bridge the gap between the crypto community's desire for innovation and the regulatory concerns of traditional financial institutions. We achieve this through layer of tokens:

1.    GIVEUP Token ($GIVEUP): intended for future registration as a security token

    Fixed supply: The total amount of $GIVEUP tokens is predetermined and cannot be inflated.

    Reward contributors: Users who contribute to campaigns or provide valuable services earn $GIVEUP tokens.

    Mint GIVEUP NFTs: $GIVEUP tokens are burned to create GIVEUP NFTs, granting holders additional rewards and platform ownership, making $GIVEUP deflated.

    Future security: We plan to register $GIVEUP & GIVEUP NFT as a security once the project demonstrates success, ensuring stability and transparency.

2.    GIVEUP NFT (ERC721A): main NFT represent community share of the platform, holder will be rewarded tokens & NFT the platform get in operation phase (also intended for future registration as a security token)

3.    "Free-to-Mint" Token from 3rd parties:

    Basic right of minters: Anyone can freely mint them and use them in our platform. We'll choose a specific token later.

4.    "I AM" token ($IAM): public utility token represent "money" of the app

    Conscious choice: $IAM tokens are created by deliberately permanently locking away (burnt) "Free-to-Mint" Token in a   successful campaign only.

    Formula-based conversion: The amount of $IAM you receive for locking "free-to-mint" token depends on the current staking rate and a platform fee set by GIVEUP NFT holders. (We'll choose 3rd parties "free-to-mint" token which have small taking reward percentage and reducing gradually)

    Example:

             - You lock 10,000 $XEN, with a current staking rate of 15%.

             - The platform fee is set at 10%. (9% reward evenly to all GIVEUP NFT holder quaterly/ yearly, 1% is for GiveUp platform as first source of income)

             - This means you receive 1,350 $IAM (90% of 15% of 10,000 $XEN locked or 13.5% of 10,000 $XEN locked).

5.    Flower of Life Token ($FOL): public utility token represent "GOLD" of the app

    Highest level: $FOL represents the pinnacle of value in our ecosystem, requiring the hardest refinement process.

    Fund conversion: Only Successful campaigns   holding $IAM can choose to convert their entire fundraising amount to $FOL.

    Dynamic pricing: The $FOL conversion rate depends on its current oracle price:

             - Before an oracle price exists: 1 $FOL = 1,000 $IAM

             - After an oracle price is established: The quantity of $FOL received = (1,000 x credit core of campaign leader x $IAM price) / $FOL price

    Distribution: Once converted, $FOL is distributed as follows:

             - 40% to campaign contributors (raiser, alchemist, backers) right away

             - 10% locked for "1 year warraty" as reserved fund to protect backers or affected users from scam and bad service, this locked fund is managed by future $FOL community, not by us.

             - 40% locked for future adoption initiatives (pension, insurance, etc.)   in the name and for the benefit of campaign contributors above.

             - 9% to GIVEUP NFT holders who participated in the initial conversion decision (divided equally among KYC addresses, with a maximum of 10x per address)

             - 1% to GIVEUP Platform (second source of income)

    Example:

             - A campaign raises 100,000 $IAM.

             - They choose to convert all funds to $FOL.

             - The current $IAM price is $1 and the $FOL oracle price is $10.

             - The credit score of campaign leader (raiser or alchemist) is rated 100 (which is maximum because he/she gain equivalent credit NFTs, default minimum is 1 which have no credit NFT)

             - The quantity of $FOL received would be: (1,000 x 100 x $1) / $10 = 10,000 $FOL.

             - Therefore, 100,000 $IAM would be converted to 10,000 $FOL with those parameters.

             - Campaign's contributors will propotionaly receive 4,000 $FOL right away, 1,000 $FOL within 1 year, participating in choosing adoption fund manager who will use their 4,000 $FOL to pay for their tax/ pension/ insurance ...

   Value Representation of those tokens and NFT:

             - They embody the values of minter's INTENTION, ATTENTION and TIME.

             - They embody the BLOOD, TOIL, TEARS, AND SWEAT poured into the platform by its earners.

             - They are minted and refined through actions that reflect both LOVE and DISCERNMENT, and the platform hopes that minters will embody these values through their participation.

   Compliance Status:

             - Important Note: The compliance status of these tokens/NFTs with financial organizations (such as the SEC) is currently uncertain. We strongly recommend consulting with a legal advisor before minting or interacting with them.

             - Minter discretion and risk awareness are essential until the platform secures legal guidance.

Published: 22nd January 2024