888club.eth
The Exclusive Club for Sophisticated Degens

Principles: Efficiency Decentralization Long-term Prosperity Streamlined Information Resourcefulness & Self-Education

Here’s part of the list: NFT Holders will be distributed ETH – not a DAO ERC-20. They will not have to claim the yield, it will be automatically sent to the token holding addresses. 888club.eth is a long-term focused organization with a very clear and concise plan based in longevity and decentralization. The formulation of this DAO has been carefully thought through and peer reviewed, with some aspects tested for over 1 year. No Freebies - Each token minter will contribute for their NFT in each Fund. The Multisig Safe is active and receiving contributions - beginning in decentralization. Each holder will have a Decentralized Identity using a .eth address. Diversification; Portfolio plans include Eth 2.0 commitment, DeFi Staking, GameFi, Metaverse Land and Utility NFTs. Only 20% of Fund Mints will be used to cover start-up and operation costs (compared to 25%-100% from other projects). Equal representation with each token holding address having 1 vote. There is a sustainable revenue source to maintain the organization in ETH Staking, LPs and other planned revenue sources. The Start-up Team is very experienced and diverse (vocational history, whereabouts, education, languages, cultures, family backgrounds etc.) and many have never met. Overtime, Members contributing to Funds are being returned their original loan of eth to start the DAO Funds. So it's a non-taxable event for contributors in many jurisdictions.

The Objective is to establish a highly functional system that mechanically provides continuous value to each Member of the Club. 888club.eth is innovating NFT investing, ownership and understanding. Existing technology allows for a substantive amount of opportunities - many of which are not yet realized by standard NFT Projects. 888club.eth is bringing a vast amount of opportunity to Members, for minimal contributions. The organization is demonstrating that with the right systems in place, individuals can thrive without standard dependencies of human trust. The system is being created to allow members to invest in the space without all the noise and idiocy. A system built on the trust of math.

BYTES is the Token of Neo Tokyo. An ERC-20 with the contract: 0x7d647b1A0dcD5525e9C6B3D14BE58f27674f8c95 You can add BYTES as a Custom Token on Metamask and exchange Eth or another ERC-20 on uniswap.org to obtain BYTES. Neo Tokyo is an NFT Project comprised of Builders and Participants in the Crypto space. Led by affluent and successful tech entrepreneurs Alex Becker and Elliot Wainman.

More details will be revealed in time.

888club.eth has formulated a unique NFT which encompasses aspects of more evolved types of tokens including an ABT and SBT. Therefore 888club.eth has coined the term NF2.0 to signify the innovative membership NFT.

888club.eth will encompass a variety of individuals represented by .eth addresses which will act as a “name” for each member to establish a reputation in the DAO. This may also encourage individual Minting because it takes extra costs and efforts to mint a .eth address, and therefore it is likely to help decentralize the holdings and voting.

888 was chosen as it is the universal wealth building number and to keep the membership exclusive. Also to not dilute the holding power (voting and yield) of each token. Less than a thousand addresses will be able to participate which may heighten participation and inclusiveness in the DAO operations.

Yes.

888club.eth is doing something different. A sophisticated approach to degen investing. That means the way it grows, how it's formed and what it does is determined by certain principles based in freedom, decentralization and equality. Therefor there is no whitelist and the approach is long term. This should attract a specific breed of investor and deter those who are not aligned with the ultimate vision. It will also save on gas fees for the contributors who will make up the DAO which is built to serve the members, not the other way around.

It is viewable on the Ethereum blockchain. Go to Etherscan.io and enter your transaction ID. The DAO wallets are all publicly viewable at all times.

Token holding addresses will have voting power in the DAO and each address, no matter how many member NFTs are held, has 1 vote total. This is to equalize voting and recognize that the amount of tokens held by one address, does not necessarily determine the holders abilities and value to the club.

Yes. This is possible. However, after a certain number of contributions to the DAO, it may make more sense for someone to allocate their portfolio privately. Further, decentralization is being strongly encouraged in all aspects of the DAO from minting, to holding, to governing.

Payouts to members will be distributed via smart contract to token holding addresses consistently from a designated distribution wallet.

Ethereum is the most active, highest valued and most reliable NFT ecosystem.

The 888club.eth portfolio will be comprised of thoroughly researched NFT projects. The start up portfolio can be viewed in the Discord Server.

The portfolio will be constantly monitored; however, the investing approach will be hands-off style, which basically means HODLING. Adjustments will likely be made from time to time, but the initial allocation list has been thoroughly researched and voting by all DAO members will determine how any major moves are made in the future.

DAO members will vote on a variety of proposals brought forth by other DAO members. This is likely to include active roles in the management of the DAO, NFT projects to allocate DAO funds towards, investing strategies and other governing principles and actions.

All tokens received will be converted to ether on a regular basis, at an optimal time (pertaining to gas fees).

888club.eth DAO acts similarly to an Index for NFTs in that the allocations are diversified and are correlated to the values of holdings. Members will also benefit from potential airdrops, and potential access and utility from the NFTs that are part of the DAO portfolio. For example, maybe there’s a BAYC party in your town – you might propose to the DAO to allow your 888club.eth NFT to represent the BAYC owned by the DAO and to make use of the access for the party. GameFi NFTs could be used for members to Play to Earn and keep their earnings without having to rent out the NFT from the DAO (because it's yours!).

The NF20 mint will cover the first year of operations as well as the start-up costs. Moving forward, 50% of the resale royalties on public markets will be added to the treasury. A portion of the mint funds will be staked to compound to cover basic overhead expenses. Staking and resale royalties are anticipated to cover general expenses in Year 2 and beyond. In addition, a portion of the DAO fund is allocated to an opportunity fund and a back-up for operations costs as contingency. Automation will be the focus in the first year and is expected to alleviate much of the human necessity for operations therefore drastically reducing operations costs.

Resale Royalty on public markets such as OpenSea and LooksRare is 8%.