Professional Documents
Culture Documents
Version 0.0.2
Osaka Toni Thomas
August 23, 2022
Abstract
AutoMinter is a leading platform for centralised. This may put web3 tooling
creating NFTs and web3 communities. dApps in a vulnerable position to
AutoMinter is now becoming unfavourable regulation, hindering the
decentralised and owned by the users, scope of and availability of the
clients, and contributors. technology in the future. Particularly as
the lines between art, utility, and
Launching the $AMR token is a key step securities become more blurred.
toward AutoMinter becoming fully
decentralised and giving the community The platforms and marketplaces that
both governance and a stake in our provide these tools often have
collective success. winner-take-all effects which can
exacerbate these risks.
This document outlines a draft proposal
summary for how the $AMR token will Decentralisation enables AutoMinter to
be allocated and function. give creators and innovators
unrestricted access to the technology,
Background and align the incentives for what tools
Decentralised communities built around and services get built to serve the
NFTs, along with trustless decentralised community.
organisations (DAOs) have led to a new
paradigm in how human and financial Thesis
capital is being deployed through a new AutoMinter has been created to build
token economy. The absence of external long term value for creators and is
centralised control is essential for this undeterred by hype cycles.
to work effectively.
Our core mission is to empower anyone
Although there has been great progress to build the decentralised economy of
in decentralising many aspects of the the future.
ethereum ecosystem. Creator platforms
like AutoMinter remain heavily We’re doing this in 3 stages:
1
1) We provided the tools for anyone to
build decentralised communities with
NFTs. Communities are an essential part
to any project or organisation.
2
In order to avoid centralised control by New approach to governance
a small number of successful projects, Committees and referendums may not
the allocation of tokens for each project always be the best way to resolve most
will reduced marginally [4] decisions. We believe that it’s important
that decisions are driven by incentive
Staking mechanisms which optimise for the best
Holders are able to stake in order to result, and not the average one.
earn more $AMR.
A new incentive-based approach to
PRO Pass holders can also earn DAOs will be built and iterated on within
increased yield when staking their PRO AutoMinters own governance over time.
Pass. An additional 20% of the staking For this reason, tokenomics and
rewards will be allocated to this. governance are being launched
separately.
Airdrop
The initial 20M Tokens will be Staged approach
airdropped to the community. PRO Pass To incentivise longer term alignment
holders will be the biggest benefactors. and create more stability, $AMR tokens
But will also include: will be locked from trading for two
release schedule windows. Meaning
● PRO Pass holders tokens are not tradable instantly.
● Those who have created NFT Airdropped tokens will also have
collections temporary locks.
● Minters of collections created on
AutoMinter We will release the governance
● Other access lists mechanics in a staged approach, and
● Community Contributors our token mechanics will be released
first. This allows us to be dynamic and
Team have more ongoing iterative community
The supply to the core team will be input into how effective governance
vested over time as per the allocation should work for the long term.
schedule in [3]
Decentralising infrastructure
To decentralise the applications
Treasury funds
infrastructure we must migrate the
Dev and treasury fund supplies to
centralised backend. The process to do
support the ecosystem, partners, and
this has already started.
product. This supply slowly released
over time according to the allocation
schedule [3]
Help AutoMinter
Please send feedback, suggestions, and
questions on how you want to see the
$AMR token mechanics function in the
3
discord. If you’d like to further [5] full staking rules found here
participate and contribute please reach
out. 17% of the total supply will be
distributed proportionally to staking
Disclaimer amount on the allocation schedule in
This is a draft proposal for how the [6]. 20% of the staking supply will
$AMR token may work and may be additionally go to PRO pass holders.
subject to change. Further community
feedback will impact the plan. [6] Allocation schedule equation:
(𝑀−𝐴) × 𝑅+10000
Appendix 𝑆 =𝐴+ (𝑅+50+𝐴)
0
[2] problems with wash trading, see
10
$looks
30