Stacks, revenue sharing NFTs

•

🧵A Thread on @stacksfi_xyz, an emerging revenue sharing project launching on Ethereum

1/n Stacks is an investment community and DAO that owns a treasury funded by the sale of Stacks NFTs: a limited collection of 4000 unique NFTs that basically represent shares of the treasury (finally a true use case besides pfp)

2/n Every month NFT holders will receive their share of the profits from the invested Treasury (in the form of $USDC) 50% of the treasury profits is reinvested 50% is ditributed to holders

3/n additionally holders have access to some perks such as: -voting rights -access to research and alpha -access to private channels

4/n Why would you want to let other people invest your money? a big enough treasury will be able to invest in early stage projects and partecipate in exclusive presales

5/n @stacksfi_xyz basically aims to become a decentralized and community driven VC. who manages this treasury?

6/n having NFT holders directly choose the projects to invest in through governance would be controversial and time consuming

7/n The idea is that investors in @stacksfi_xyz won't have to worry about any of this stuff and earn rewards passively. So there are 3 main levels of authority: Team, Counsel and Stackers

8/n TEAM: has the final say on the investments, manages multisig COUNSEL: active investors that research new opportunities, voted by the DAO STACKERS(NFT holders): members of the DAO, they vote on any issue put up by the team.

9/n How can I trust the treasury managers? to avoid any issues related to the identity of the treasury managers (what happened with sifu) -every team member will be KYCd with @CertiK -2 community members will be part of the multisig wallet (multiple people needed to sign a tx)

10/n On top of this Treasury Managers aren't paid a salary and they only make profit from their own NFTs, so it's in their best intrest to make the treasury grow Every investment and balance sheet will be transparent thanks to the blockhain to prevent what happened with Alameda

11/n As the treasury grows, the underlying share of Stacks NFTs grows in value. This combined with increasing demand and popularity of the project will result in the price of the NFT itself increase

12/n NFTs distribution: - 2 NFTs/day for 50 days - 1 NFT/day until 2033 This makes the collection supply limited (like bitcoins) and at some point the only way for new investors to partecipate will be to buy the NFTs directly from holders

13/n Where does the treasury invest? in solid and well researched projects as well as keeping a high % into $ETH (in staking), stables (farming), LPs and delta neutral strategies *NO DEGEN PLAYS*

14/n What if they go wrong? it will only result in a cut of the overall treasury balance and the assets tied to your NFT but you won't incur into a direct monthly loss. In other words your passive income rewards can't go negative

15/n Finally, for more information check out the -official website: stacksfi.xyz/ -Docs: docs.stacksfi.xyz/project/ -Twitter: @stacksfi_xyz -discord group: discord.com/invite/zpmUK2e4ST