With great power comes great responsibility which is why we believe that full transparency and tighter security controls are long overdue in crypto.
TenEggsDAO is now here to bridge the gaps in knowledge for the average user who wants to get into DeFi (decentralized finance) and blockchain. At the same time we will build trust through verifiable vaults and asset holdings. All of our strategy "nests" are to be held in multisignature wallets, on-chain.
Our whitepaper (here on Medium):
NEGGS is a new cryptocurrency that is designed to be used as a governance and utility token for the TenEggsDAO project on Fantom Opera Network. The TenEggsDAO is a decentralized autonomous organization that is focused on providing a platform for users to earn, trade, and manage crypto assets. It is a fast and secure way to transfer value between users on the Fantom decentralized network. Each transaction, buy, sell or transfer will incur an ecosystem tax that is distributed to NEGGS holders, the TenEggsDAO and to the burn addresses simultaneously. Additionally the token will automatically increase its own liquidity pool via LP acquisition.
The primary use case for NEGGS is as a governance token, allowing users to participate in the decision-making process for the TenEggsDAO. This will be done by voting with NEGGS token balances on Snapshot.org. One of the key features of NEGGS is its airdrop program. Users who hold NeggsFTs, which are non-fungible tokens available on PaintSwap, will be eligible to receive airdrops of NEGGS. This is a great way for users to earn NEGGS without having to purchase them directly on an exchange.
Once users have earned NEGGS, they can use them to vote on important decisions for the TenEggsDAO, such as asset allocation on various “Nest Strategies”. This is an essential part of the governance of the TenEggsDAO, and allows the community to have a say in the direction of the project. The NEGGS token will be used to capture value within the network through token buyback and burn events.
The TenEggsDAO is committed to safety and transparency, so we will use multisignature wallets provided by Safe to ensure that all transactions are secure and verifiable. This ensures that users can trust the TenEggsDAO to manage their assets in a responsible and accountable manner. Overall, NEGGS is a powerful and versatile cryptocurrency that is designed to support the growth and development of the TenEggsDAO project. With its airdrop program and governance capabilities, NEGGS is an essential part of the network ecosystem.
Tokenomics:
Total supply- 100,000 max NEGGS tokens
40% or 40,000 to NeggsFT airdrops, 10% per quarter in 2023
30% or 30,000 to Liquidity Pool creation at launch
20% or 20,000 to TenEggsDAO reserve (future airdrops, promo, marketing, LP expansion, partnerships)
10% or 10,000 to burn wallet (0x00…dEaD) at launch
No minting of new tokens, no team tokens allocated.
Taxes:
3% overall on every transaction:
1% reflected back to NEGGS holders
1% sent to NEGGS smart contract for LP and DAO funding
1% sent to burn address (0x00...dEaD)
DISCLAIMER: This TenEggsDAO Token White Paper v1 is for information purposes only. NEGGS token (NEGGS) is not a security, it is intended to be purely a utility token for the TenEggsDAO network. NEGGS purchases do not guarantee any returns, never expect profit solely from the work of others. TenEggsDAO does not guarantee the accuracy of or the conclusions reached in this white paper, and this white paper is provided "as is". TenEggsDAO does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or non-infringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. TenEggsDAO, TenEggsDAO.com and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this white paper or any of the content contained herein, even if advised of the possibility of such damages. In no event will TenEggsDAO, TenEggsDAO.com or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this white paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses.