GRYFFIN DAO
The idea of the metaverse is generational. Its ecosystem comes with a myriad of applications that brings a phenomenal new, highly immersive experience to users and is more often times than not described as the “heir to the mobile internet," which will inevitably exceed our current two-dimensional experience of browsing, viewing, working, socializing and interacting with others. With it comes a plethora of opportunities for individuals to enjoy the thrills of its use cases, and more importantly for investors looking at the financial upsides.
The applications of decentralized finance (DeFi) in creating a source of wealth for individuals in the cryptospace alongside with the ever-evolving metaverse ecosystem presents the possibility of financial gains as well as refining and fast pacing the growth of the metaverse industry. Gryffin DAO (Decentralized Autonomous Organization) gives crypto enthusiasts and like-minded individuals the power to achieve these. This whitepaper contains information on
how Gryffin DAO ecosystem would be developed and function.
DISCLAIMER!!!
This document does not constitute an invitation or offer of securities, or an advertisement of an offer in any jurisdiction, to the recipient or any other person, or intend to do so. None of the information contained within it, shall form the basis of any contract or commitment. This document is only meant to inform its readers about the Gryffin DAO's project plan.
Furtherly stated, this whitepaper does not at any point in the document represent a financial product advice to investors or persons and does not take into account the objectives, financial situation or needs of any particular person and hence Gryffin DAO undertakes no obligation with respect to the recipient hereof. The recipient should, before making any decisions in relation to this document, seek their own professional advice.
TABLE OF CONTENT
Introduction
What are DAOS?
Philosophy
Ecosystem
Governance Mechanism
Tokenomics
Roadmap
Regulatory Compliance
INTRODUCTION:
Gryffin DAO is a community that believes in the profitability of decentralized finance and the prospects of the metaverse. Tapping into the prospects of blockchain technologies, Gryffin DAO plans to engage in and promote a variety of activities that will boost usecases in the metaverse ecosystem while also providing defi solutions such as yield farming and staking to community members.
Gryffin DAO creates a platform for blockchain technologies, cryptocurrency enthusiast and optimists to invest in NFT (Non-Fungible Token) assets within games, educational apps, augmented reality and other emerging metaverses while also generating utility for these NFT assets through yield farming. The proceeds from which are dispersed amongst community members of Gryffin DAO.
As a medium for exploring opportunities in the metaverse, Gryffin DAO aims to enlighten individuals to these prospects while participating in the refining process of the metaverse ecosystem by means of referendum. Gryffin DAO thrives on true governance by democracy, weighing on these objectives, ensuring positive impact of its deliverables and rewarding community members and holders of the $GYF token.
What is DAOS?
A DAO-type project is one that is completely owned and operated by its participants through tokenized ownership. Individuals must acquire the project's token, which grants them voting privileges in order to contribute to the decisions made on the project. All actions in a DAO are carried out as a result of a majority approval vote. The results of the votes usually reflect changes to the project's revenue sharing mechanisms, underlying smart contracts, changes to the voting metrics and a wider range of options. When used as intended, DAOs has far-reaching consequences.
By linking ownership and activity as a single-interest participant body, businesses can be conducted at a higher level of efficiency as smart contracts automate different aspects of the project reducing the marginal costs for operations to nil. This is a milestone not achievable by traditional institutions.
Due to the essence of its establishment, DAOS must be designed to ensure that the democratic process cannot be compromised. This would ensure that its superiority against traditional institutions will be irrefutable.
GRYFFIN DAO PHILOSOPHY :
• VISION
Gryffin DAO vision is to empower every community member by harnessing available opportunities in the metaverse ecosystem.
We as a community of cryptocurrency enthusiasts and contributors aim to find opportunities in the metaverse ecosystem through intensive research that are profitable and would enable sustainability of the ecosystem while yielding steady profits for its participating actors.
• MISSION
Our mission statement is to incentivize engagement of all crypto enthusiasts as active community members in refining the metaverse ecosystem with innovative ideas and processes.
GRYFFIN DAO ECOSYSTEM
The rapid expansion of the metaverse and its applications has created a considerable amount of untapped potential in the new digital economy. Gryffin DAO's is designed to implement economic ideologies in the metaverse ecosystem such as virtual-greet and meets, Play to Earn (P2E) games, restricted digital spaces, NFT arts amongst other concepts together with technology improvements and community engagement that would bring verifiable change and long-term benefit to the crypto space.
Gryffin DAO utilizes the $GRY token to capture all the value generated from economic activities within the DAO ecosystem. Community members can get to participate in decision making by holding the Gryffin DAO $GRYG governance token. $GRYG is initially distributed to early community builders and is earned further through yield farming, active community participation on social media channels and idea creation.
Gryffin DAO Usecases:
• Investing in NFT assets metaverse ecosystems across different
blockchains.
• Lending of Gryffin DAO tokens with the farming rewards
wrapped a NFT collectibles available after a vesting period.
• Lending of Gryffin DAO owned NFTs to gamers.
• Lending of Gryffin DAO owned NFTs to the public for yield generation.
• Yield generation from real estate NFTs owned by Gryffin DAO
• Investing in metaverse projects that will bring long-term value to Gryffin
DAO:
• P2E events
• Virtual Greets and Meets
• NFT Real Estates
• NFT music and music albums
• Artworks
Value Generation:
Gryffin DAO will generate value from the following sources:
• Appreciation in the value of digital owned Gryffin DAO NFT assets.
• Increased offering of products and experience to the Gryffin scholar community
• Partnership incentives.
• Treasury and capital management
$GRY Token Utility:
$GRY token holders will be able to:
• Receive rewards obtained by staking $GRY tokens in vaults
• Rewards earned through interests on lending NFT collectibles and the $GRY token
GOVERNANCE MECHANISM
During the initial development of Gryffin DAO project, the project founders and development team will lay the building blocks in executing the starting roadmap as smart contracts for governance mechanisms get developed. Eventually, the DAO will be controlled by early community members who would be allocated amounts of the $GRYG governance token based on early participation points. New community members would be able to receive $GRYG from staking and farming rewards. $GRYG can be further earned by social participation and idea creation. The goal is to distribute $GRYG tokens based on membership ambition to help accomplish community objectives and not just personal financial gains, enabling true governance.
Gryffin DAO governance would be operated on two stages based on the development timeframe; pre-development stage and the post-development stage. Only after the pre-development stage is the governance mechanism fully decentralized and referendum done completely by community members who hold $GRYG.
Pre-Development Stage:
• Decision on new vaults with strategic partners for yield generation.
• Establishing new vaults for community members to earn yield on new economic activities over a vesting period.
• Token swaps with existing and new metaverse projects with great
potentials.
• Treasury allocation into investing in different NFT asset class.
• Treasury allocation for research, development of DAO features and improvement of existing features.
• Strategic partnerships with cryptocurrency platforms.
Post-Development Stage:
• At this point, decisions are made by holders of the $GRYG token whose votes are determined by smart contracts.
GRYFFIN DAO TOKENOMICS
Utility Token - $GRY
BREAKDOWN % OF TOTAL SUPPLY AMOUNT VESTING PERIOD (MONTH)
Ecosystem 35% 350,000,000 50
Team 23% 230,000,000 30
Pre-Sale 15% 150,000,000 2
Treasury 17% 170,000,000 60
Treasury
• The treasury will hold 17% of the total $GRY tokens. The treasury manages and grow the Gryffin DAO assets.
$GRY Functionalities:
• Contributors rewards
• DAO proposal and governance
• Unique staking vaults
✓Internal vaults mechanisms
✓Vaults based on partnerships
Gryffin DAO Governance:
• Basic Voting Consensus
• Proposal Referendum
• Voting Snapshot
Token Launch:
• Binance Smart Chain (BSC)
GRYFFIN DAO ROADMAP
Q1 2022
• Token Launch
✓$GRY Token public sale
• Gryffin DAO Product Development
• Token partnership
✓Initial Metaverse partnerships
✓Strategic Partnerships with exchanges and coin lister
Q2 2022
• Governance voting mechanism implemented on smart contract
✓$GRYG Initial Distribution
• Airdrops to contributors
✓Payment incentives using $GRY token
✓Contribution tracking and management from social participation and idea creation
Regulatory Compliance:
As centralized authorities battle with the possible impact on their economies, regulatory compliance is becoming a significant challenge in the decentralized token market. Gryffin DAO shall follow all applicable legislation and will not intentionally advertise, market, or sell its products or services in places where such actions are restricted or illegal. Before participating in any Gryffin DAO token sales activity, please check relevant legislative laws in your locality.
