As promised, I will announce new and very important changes to the Continent DAO tokenomics and the proposal with BitDAO.
A governance token that assigns many roles can suffer from different interests and also consequences in compliance and laws. Government programs and partnerships require KYC, the CONT token was designed to be a free-use token, so we decided to create a second token, a utility non-fungible token.
The token CONT governance token will continue to have the same roles and tokennomics already defined.
A Utility NFT collection will be created to identify and represent the internet access points (hotspots), their individual information and indicate the ownership. An additional KYC process will be carried out for the owners of these tokens who wish to make use of the hotspots as a partner of Continent DAO, private and government partners.
Holders of NFTs who do not wish to participate in the KYC process:
- Trading in peer exchanges with similar tokens or other tokens.
- NFT staking in pairs with CONT on exchanges.
NFT holders with the approved KYC process will have the following benefits:
- Monetization of marketing/advertising of accesses during connections.
- You will receive 10% of the collective commercialization of the collected data, during 5 years from the first use.
- Special NFTs also allow eventual uses of public spaces for Marketing/Advertising.
- Sharing of Brands in publicity of private and governmental partners.
First NFT Collection
The first Free WiFi collection will have only 150 pieces, this collection will contain the most varied locations (museums, parks, shopping areas, subways, tourist attractions and historical monuments).
The minimum bid for each token is $400K USD. (This is the minimum amount to cover all operations of a connection point for 5 years).
The first Free WiFi collection will have only 150 pieces and will be used in the City of São Paulo (21st largest economy in the world).
Changes in the Proposal
BitDAO will receive 20% CONT tokens. (this will guarantee the same average voting rights with DAOs already approved by BitDAO)
BitDAO will receive 65 NFTs from the Free WiFi collection, with KYC already verified. (valued at $26M USD)
BitDAO will have preference in choosing its 65 NFTs.
We added +10% of the total CONT allocation to BitDAO.
The addition of utility NFTs to our tokennomics will add more $26M USD of value to BitDAO’s treasury.
Government and private partners will be able to contribute a lot to the BitDAO ecosystem. We participate in meetings that involve paying taxes with cryptocurrencies (We can suggest CONT and BIT), smart city projects, regulations and several other areas for collaborations.