FUND CONCEPT

The Wastebin NFT collection introduces an innovative financial model centered around a community treasury, aimed at fostering a sense of ownership and collective investment among Wastebin holders. This concept is not just a testament to our commitment to the community but also a strategic approach to ensuring the long-term viability and growth of the project.

Allocation of Mint Funds

• Community Treasury Funding: A substantial 80% of the funds raised from the mint will be allocated to the community treasury. This significant investment underscores our belief in community-driven value creation and the collective potential of Wastebin holders to shape the project’s financial future.

Crafting the "Perfect Solana Portfolio"

• Collaborative Asset Discussion: Wastebin holders will have the opportunity to engage in discussions about the assets to be included in what we envision as the "perfect Solana portfolio." This portfolio aims to represent the best of the Solana ecosystem, encompassing meme coins, blue-chip NFT collections, and standout projects that showcase the innovation and diversity within Solana.

• DAO for Decision Making: The final decisions regarding the portfolio's composition will be made using a Decentralized Autonomous Organization (DAO), where Wastebin holders can vote on assets, strategic adjustments, and management approaches. This democratic process ensures that every holder has a voice in the treasury’s direction.

Active Portfolio Management

• Monthly Review and Adjustment: With the aim of maximizing the treasury's growth and impact, the portfolio will undergo monthly reviews. The DAO will actively manage the portfolio, making informed decisions to adapt to market changes and capitalize on emerging opportunities within the Solana ecosystem.

Distribution Strategy

• Royalties and Fund Distribution: The royalties from secondary sales will be dynamically allocated, with the distribution evolving over the first four months post-mint to reach a final structure of 60% to the treasury, 20% to community marketing, and 20% to the project team. This phased approach ensures a balanced reinvestment in the project’s growth, community engagement, and the treasury itself.

• 2025 Airdrop: The community treasury will be distributed among Wastebin holders in 2025, with the exact date and details of the snapshot remaining undisclosed until closer to the distribution. This approach adds an element of anticipation and long-term investment to holding a Wastebin NFT.

Reward Multipliers and Benefits

• Collection and Holding Multipliers: To reward engagement and investment in the collection, two main multipliers will be applied to the distribution of the treasury funds:

  • Collection Multiplier: Based on the diversity of one's collection (5, 15, or all 30 unique content traits), holders can receive multipliers of 2x, 4x, and 8x, respectively.

  • Diamond Hands Multiplier: Additional multipliers of 1.5x and 2x are applied for holding the NFTs for 3 and 6 months, respectively, encouraging long-term holding.

Impact on Market Dynamics

• Incentives for Both Large and Small Holders: While the model inherently rewards larger holders with significant multipliers, it also creates a vibrant secondary market. The pursuit of complete collections by "whales" is expected to drive up the value of individual NFTs non-linearly, benefiting smaller holders as well.

• Sustaining Relevance and Increasing Turnover: The consistent backing of NFTs by the tangible community treasury is designed to maintain the collection’s relevance in the NFT space. Higher turnover, driven by active trading and collection completion efforts, will not only enhance the collection's liquidity but also grow the community fund, benefiting all holders.

Conclusion

The community treasury concept at the heart of the Wastebin NFT project represents a groundbreaking approach to creating and distributing value within the NFT ecosystem. By aligning the interests of the community with the financial health of the project, we establish a model that rewards engagement, long-term investment, and active participation. This strategy ensures that the Wastebin collection remains a vibrant and valuable part of the Solana NFT landscape, with a bright future fueled by its holders.