[Proposal] MiniEggs Tokenomics

Tokenomics
#1

Title: MiniEggs Tokenomics
Author: Lia Yoo (liayoo#4478)
Date posted: 2022/05/29

Summary

  • Propose the tokenomics for the MiniEggs AINFT project.
  • The treasury shares a proportion of its profits (e.g. from MiniEggs sales) with the MiniEggs holders.
  • Users earn $FANCO by being active in the community (aFan, Tiniverse, Discord, etc.).
  • The activity rewards and shared profits are boosted if the user is a MiniEggs holder.
  • $FANCO will be listed on Uniswap, paired with $AIN.
  • There will be more $FANCO usages where users can spend their $FANCO.
  • The MiniEggs, Tiniverse, and aFan will have integrated level and reward systems.

Background

MiniEggs project lacks a sustainable incentive and reward system for the holders. To grow the community and maintain the trust of the existing holders, healthy tokenomics need to be designed and implemented.

Scope of Work

This is an initial proposal of the work that initiates the discussion of tokenomics in the MiniEggs and $FANCO ecosystem, and only covers the basic structure of the tokenomics. More detailed proposals on each milestone/task will follow.

Timeline

The following timeline is subject to change as the tasks and priorities are not final at this point.

  • 2022 Q2
    • End of June
      • Set up a level system & reward mechanics
      • Update the tokenomics sections in docs.ainetwork.ai
      • Announcements, PR
  • 2022 Q3
    • Early/mid-July 2022
      • $FANCO listing event
      • List $FANCO on Uniswap
      • Update and re-open deposit and withdraw pages on aFan web
    • July~August 2022
      • Make $FANCO usages (e.g. aFan shop)
      • Develop and launch Discord activity bot
    • September 2022
      • Integrate MiniEgg benefits with aFan rewards

Specification

The tokenomics design I’m proposing is as follows:

960×540 14.1 KB

  • The treasury shares a proportion of its profits (e.g. from MiniEggs sales) with the MiniEggs holders.
  • Users earn $FANCO by being active in the community (aFan, Tiniverse, Discord, etc.).
  • The activity rewards and shared profits are boosted if the user is a MiniEggs holder.
  • $FANCO will be listed on Uniswap, paired with $AIN.
  • There will be more $FANCO usages where users can spend their $FANCO.
  • The MiniEggs, Tiniverse, and aFan will have integrated level and reward systems.

Documentations

  • The docs.ainetwork.ai is being updated regarding the tokenomics described in this proposal.
  • A wiki for MiniEggs/aFan/FANCO/Tiniverse may be created.

Blog posts, PR

  • Announcements will be posted to Twitter, Discord, medium, etc.
  • A $FANCO listing event may be held.
  • Websites (ainetwork.ai as well as miniegg.afan.ai) will need to be updated.

Uniswap listing

  • We will list a $FANCO-$AIN pair on Uniswap, with the initial price of the $FANCO as 10 KRW.
  • The liquidities needed will come from the AIN and FANCO treasury, and the exact amounts will be decided in a future proposal.

A level system, reward mechanics

  • MiniEggs will have levels; all starting from level 1 and increasing as the holder contributes to the community and generates activities on metaverses such as aFan, Tiniverse, and MiniEgg+.

  • A table of activities and the corresponding activity scores/rewards will be announced in the future.

  • Users will be able to see their MiniEggs’ levels and activity scores through Discord bot commands. More convenient methods, such as a MiniEggs stats page within aFan, may be developed as well.

Integration with aFan

  • Existing reward mechanics on aFan may be integrated with MiniEggs. For example, a MiniEgg holder may get twice as many rewards as a regular aFan user for participating in an event on aFan.
  • The $FANCO deposits and withdrawals on aFan will be updated and reopened.

$FANCO usages

  • An online store or a similar place will be designed and developed to create $FANCO usages.

Financial Info

TBD.

Targets

  • Design tokenomics for the MiniEggs ecosystem.
  • Give a rough timeline of milestones.

Participants

The following list of participants is subject to change.

  • Developers
    • Lia Yoo
    • Doheun Kim
    • Aaron Jang
    • Dongil Seo
  • Designers
    • Kay Kwon
    • Jiyoung Yang
  • Operations / Community Managers
    • Sooyong Bang
    • Minjung You
    • YoonJung Park
    • Brenda Sebastian
  • +a

Voting

  • Voting period: 3 days on Snapshot.org
  • Voting options: Approve / Deny / Needs Revision
3 Likes