Every day one NFT is generated by AI on the basis of the news from 6 macro regions and digital world
Philosophical concept
There are many misunderstandings in the world today. Through the lens of NFT art and artificial intelligence, we want to show that all people of the world are connected and united.
#WEAREONE
How ArtChain works
We take the main news
of 1 macro - region and, based on it and genesis, we create new art using artifical intelligence.
We take the main news
of another macro-region or the digital world and, based on it and previous art, we use artifical intelligence to generate the next art repeating the process 5 times.
After the 7th iteration
we get final NFT art
Final NFT
goes to 20h auction
Final NFT
+ human input and trends create genesis art for the next day
A secret cultural ingredient is added to the Artchain at a random iteration.
On the basis of the Final NFT users can generate WAO Avatar
New day — new NFT: on the next day we make ArtChain again
Treasury concept
You buy not empty NFT: 80% of ETH go to treasury that will be put into new coins, crypto startups, NFT art and community initiatives.
ETH of the winner
80% to DAO Treasury (exit 5 years after launch)
20% to finance the project and its team
Treasury Input is limited to 10 000 ETH
Why Treasury and DAO
Founders are in the investments from 2006 year and in crypto from 2017 year. We have financial, investment, business, art and development backgrounds.
In 2020 our founders started public portfolio where they invested $200 monthly in new coins. During 18 months $3400 were invested, at the end of the investment period portfolio grew to $194 947.
The experience of the founders contributes to building a strong community
#WEAREONE DAO
Financial statements of portfolio
Past performance is not a reliable indicator of future results.
As a DAO, we intend to repeat this on a larger scale in absolute terms
Tokenomics for WAODAO
1. The winner of the auction receives accounting WAO tokens corresponding to bid, ETH/WAO ratio and collectible index
ETH/WAO ratio starts from 2826 and every day decreases by 0.001
collectible index starts from 0 and increases according to boosts of all WAO NFTs that bidder has on the wallet, max index = 0.1
10 ETH
27 750 WAO
Example #1 auction winner bought NFT for the first time, NFT №52.
1 ETH = 2 775 WAO
Collectible index = 0
Base tokens = 10 * 2 775 = 27 750
Collectible bonus = 0
Total = 27 750
5 ETH
14 589.45 WAO
Example #2 winner of the day 100 made 5 ETH bid. Also there are 3 WAO NFTs on his/her address, 2 of them have 0.03 boost each and 1 has 0.01 boost
1 ETH = 2 727 WAO
Collectible index = 0.03 * 2 + 0.01 = 0.07
Base tokens = 5 * 2 727 = 13 635
Collectible bonus = 13 635 * 0.07 = 954.45
Total = 14 589.45
3 ETH
8 669.1 WAO
Example #3 winner of the day 200 made 3 ETH bid. Also there are 12 WAO NFTs on his/her address
1 ETH = 2 627 WAO
Collectible index = 0.1 (max)
Base tokens = 3 * 2627 = 7 881
Collectible bonus = 7 881 * 0.1 = 788.1
Total = 8 669.1
The earlier you get on board, the more WAO tokens you wil receive
The more you own NFTs - the higher your collectible index
The more you own NFTs - the higher your collectible index
NFT generates WAO for the Future Drop, WAO generated per day = your bid in ETH, but not less than 0.1.
NFT gives the opportunity to be a member of the community.
From the third year, the ETH/WAO ratio and the WAO generated per day by NFT (for new NFTs) will be determined according to the value of the Treasury.
2. Within 5 years founders with the DAO advices put ETH into new coins, crypto startups, NFT art and community initiatives
ETHs
digital assets
Led by the founders and with advice from the DAO
3. After 5 years founders exit from all assets into ETH or other liquid crypto, and token holder can claim his/her share based on the amount of the WAO tokens held. Founders take a 15% perfomance fee from profit only.
After 5 years every holder gets share