As a site dedicated to TreatDao and the incredible promise it has for creators who want to control their output and their income, without restrictions from traditional financial institutions, they thought we should explain first what TreatDao is so you can see if it’s a good fit for you – as a creator, a collector, and/or an investor.
TreatDao: Litepaper v2.0 Introduction:
TreatDao is a decentralized autonomous organization (DAO) founded for the purpose of utilizing blockchain and NFT technology to build blockchain agnostic platforms that will allow adult content creators to connect with customers, without the risk of deplatforming by centralized entities or the banking system.
As recent events have illustrated, the current centralized platform and banking model pose major risks to adult content creators freedom to produce and be paid for their content. TreatDao aims to solve this problem with a suite of NFT based products built on decentralized platforms throughout the blockchain space.
Treat DAO’s goal is to empower adult content creators to freely engage with customers and to remove the risk engaging with the traditional banking system poses to these transactions.
The $TREAT token was originally a public airdrop held on March 5th, 2021. The only requirement to receive the drop was filling out a google form posted in the Treat telegram room and the project is being continually developed by those airdrop recipients.
Original $TREAT Distribution:
Total Supply: 1,000,000 of the $TREAT supply was distributed via airdrop in lots of 734 tokens on March 5th, 2021. All LP was community funded, no liquidity was added at the time of the airdrop 94% airdropped to the community 6% held for developer fund.
Current Products:
Treat of the Week (TOTW) is their weekly curated release of own-to-view NFTs on the TreatDao platform. This began as their proof of concept for the platform and the exploration of own-to-view NFTs. The promotion is designed to be a low cost and high volume product that gives customers the option to buy the content individually or as a bundle (in a single transaction) for a discounted rate.
The TOTW program will be expanded upon in the future to include multiple creators every week, with the price declining as the volume of sales rises. They hope to continue to expand upon their flagship program with the community’s input and suggestions for creators. As of September 2021, they are featuring a TreatDao sponsored photo shoot taken in Bali. This was organized by members of the TreatDao team and featured their exclusive merchandise. They hope to continue to offer content sponsored by TreatDao as well as featuring a multitude of creators every week.
TOTW Payout Structure: 25% Platform Fee 75% to Creator
TOTW Sales 3,000+
NFTs sold! 200+
BNB earned! $100K+ USD
Value in sales! $69K+ USD earned by creators!
The Sweet Shop:
The Sweet Shop is TreatDao’s open NFT marketplace. Creators are able to mint and sell their own NFTs after meeting the requirements for their age verification process through Passbase. Once that is completed, the creator’s address is whitelisted and they are able to mint their content.
They have also given creators the option to choose if they would like their content blurred before purchase such as with their Treat of the Week sets. This allows for a creator to have both blurred and unblurred content at their discretion.
NFTs purchased through the Sweet Shop may also be resold on the Resale Marketplace. Any sale made of a creator’s content earns them royalties automatically sent to their minting address at the point of sale. 17+
Referral Program:
If a creator was referred to the platform, they may choose to list the wallet address of the individual that referred them during the application process. If a creator signs up with someone’s referral link, this address is automatically filled for them.
The referrer will earn a portion of the TreatDao platform fee in a tiered system based off of their $TREAT token holdings. The referrer’s address will receive their percentage every time a sale occurs without a cutoff date. 1.5% or 3% if holding 73,400 $TREAT 0.1% or 0.2% if holding 73,400 $TREAT
Next Steps for TreatDAO TREATv2, an update to the DAO’s governance token:
TreatDao had humble beginnings that did not include much long term planning after the airdrop. The original tokenomics were not designed with long term viability for the project in its current state. After deliberating with the team and the community, they’ve developed a new tokenomics structure.
Their proposal is to create a token swap for Treat(v2) at a rate of 1 Treat(v1) to 100 Treat(v2).
Expanding the supply of the $TREAT token will allow them to expand their treasury to facilitate various avenues for the growth of the project. These include but are not limited to: strategic partnerships, OTC sales, combating long term unit bias, expansion of the project’s development team, along with a small tax on market activity to reinforce their liquidity and fund a renewed marketing effort.
TREATv2 Distribution:
TREATv2 Tokenomics 125,000,000 $TREAT < 100,000,000 coin = dropped to current $TREAT holders.
Buy or Sell 1% tax benefitting dev/marketing fund and 1% tax going to liquidity.
Expanding TreatDao Own-to-view NFTs are just the first step in TreatDao’s planned services. They aim to implement many services already familiar to audiences coming from other platforms.
Messaging System with Tips Private Video Chats with Creators Personalized NFTs Bundles Time-based Subscription Services Locked Content Behind Paywall Expanding To Other Blockchains TreatDao plans to expand to most applicable chains that are able to support EVM (Ethereum Virtual Machine) and potentially ones who do not. EVM chains have priority due to compatibility with the work they’ve already done, but they are choosing to view this project as blockchain agnostic in their future planning.
They hope to bring the same functionalities as they have on the Binance Smart Chain to as many other chains as possible. With this, they will continue to offer creators and customers the best possible experiences with NFT based adult content without any of the frustrations that Web 2.0 and traditional payment processors bring.
Original article source: https://www.reddit.com/r/TreatDAO/comments/pk28ja/treat_v2_litepaper/
