DeGov TGE Unicorn Discussion

[boundless-forest]

It has been a while since the original discussion https://github.com/orgs/ringecosystem/discussions/33. Lots of conversations have happened there. However, we found that Virtuals platform has suddenly updated its launch model. They have changed the model from the original "Genesis" to the current "Unicorn". See the motivation for this change on their blog - https://x.com/virtuals_io/article/1975235990970335405 and in the official documentation:
https://whitepaper.virtuals.io/about-virtuals/agent-tokenization-platform-launchpad.

The main difference between these two models can be seen in the following screenshot:

Some main points that I would like to highlight:

• It doesn't have a fixed requirement for the accumulated tokens in the TGE process; it also removes the point-based requirement. Anyone with Virtuals tokens can join the TGE.
• Regarding the tokenomics, it has become less flexible. A fixed 50% of the total supply is reserved for the founding team, split into 25% for "Automated Capital Formation" and 25% for the "Team." They aim to align the interests of the founding team with the long-term success of the project. The former 25%, "Automated Capital Formation," is designed to incentivize the founding team to promote the project and grow the community and will be released according to the growth of the FDV. The latter 25%, "Team," is designed to retain the DeGov treasury and also has a lock mechanism. You can check their documentation for details about these two parts.

In the Unicorn model, there's an option to pre-purchase tokens with $Virtuals when the TGE is live, as shown in the screenshot below. The creator can pre-purchase at most 45% of the total supply at the start of the TGE. This can be used to protect against snipers and stabilize the token price after the TGE. Based on this, we propose that the RingDAO treasury pre-purchase 75% of the maximum amount of tokens that we can pre-purchase, which is 33.75% of the total supply. This can also be considered a return on investment from the RingDAO treasury to the DeGov project through a pre-purchase at a relatively low price. This way, we no longer need the burndrop campaign. The RingDAO treasury receives the pre-purchased DVG as a return on investment and can sell these DVGs in the secondary market to gain profit, then use the profit to buy back RING and burn it. That would be a much more straightforward and effective approach.

As always, please share your thoughts or questions here.

[Laki389]

@boundless-forest

Bear, I would like more information to provide feedback.

The Darwinia Treasury and RingDAO Treasury funds are exclusively in RING, does anyone have an idea how to get those VIRTUAL, which currently require $32k, without having to sell RING?

Also, the Ecosystem Fund is often mentioned, what kind of funds does it currently have?

Are there any other addresses or funds?

This address, on Subscan, was marked as Darwinia Dev for a long time, but now I see that it says Itering?
https://polkadot.subscan.io/account/1EdsnniYSKNjHNAvDgvBfRNzKnSzi6kgsHQFCG4PhAyyJWH