BaconDAO is a Community Focused Crypto and NFT Launchpad

BaconDAO is a Community Focused Crypto and NFT Launchpad

1. PROJECT OVERVIEW: WHAT IS BACONDAO?

BaconDAO is a community driven crypto and NFT incubator. BACON token holders have access to its membership content such as daily IDO alerts, Bitcoin and Altcoin Technical Analysis, Educational curriculum, Alpha Alerts, and private sale deals. BACON is the governance token which allows members to vote on the content and deals offered in the community.

BaconDAO is building the first NFT launchpad with NFT Tickets representing vested private sale tokens. BACON token will be the first token to IDO on the BaconDAO NFT launchpad.

Each NFT ticket has tokens locked in according to the private sale ticket’s vesting schedule. The locked tokens can only be claimed by the NFT owner’s address. This allows users to transfer and trade Private Sale Ticket NFTs with other addresses. This creates an opportunity for investors to acquire exit liquidity before the full vesting period is complete for their investments. There is already a booming secondary market for trading vested token investments, the NFT solution provides a universal standard to satisfy this market demand.

2.A. GO-TO-MARKET STRATEGY

BaconDAO is founded by large crypto influencer VirtualBacon with over 230k followers. Over 2000 users have expressed interest to join BaconDAO for its market analysis content and private sales. They offered the first private sale offering in March and Raised $100k from 500 participants.

With their own NFT IDO launchpad, they can combine the existing network of projects and the own education and private sales workflow into a full stack incubator. These token offerings will only be accessible by BACON token holders, most of which have participated in private sales and IDOs through their partner platforms like DAO Maker.

The native BACON token will also be the first project to IDO on the BaconDAO NFT Launchpad. Given the success of BACON token performance, projects with NFT focused tokens will want to launch their IDO on BaconDAO Launchpad to take advantage of similar signaling effects.

2.B. PRODUCT VIABILITY

Bacon NFT launchpad allows projects to launch both token IDOs and NFT collectible drops within the same platform.

NFT Launchpad competitors include IDO launchpads like DAO Pad, Paid Ignition, Polkastarter etc. NFT focused launchpad Genesis Shards is also another similar competitor.

Bacon NFT Launchpad is better than all existing competitors as they offer a NFT based vesting solution that can handle both NFTs and fungible tokens to launch on its IDO platform. Bacon NFTs can have on-chain vesting vaults included with each ERC721 token.

The locked tokens can only be claimed by the NFT owner’s address. This allows users to transfer and trade Private Sale Ticket NFTs with other addresses.

After the NFT is transferred, the new owner can now claim the unlocked tokens according to the release schedule of the tokens. This creates an opportunity for investors to acquire exit liquidity before the full vesting period is complete for their investments. There is already a booming secondary market for trading vested token investments, the NFT solution provides a universal standard to satisfy this market demand.

3. PRODUCT ROADMAP

4. PRODUCT DIVE

BaconDAO community

  • Private community gated by BACON token as membership.
  • Discord bot receives and locks up set amount of BACON token every month and grants users membership
  • Members have access to:
  • Daily Bitcoin and Altcoin TA Trade ideas
  • Private sale offers
  • Altcoin gem picks in trending niches like BSC, NFT, Layer-2 and Solana
  • Educational curriculum for crypto beginners
  • 1-on-1 mentorship services

BaconDAO NFT Launchpad

  • NFT based IDO launchpad
  • Tokens are locked inside NFT tickets to be claimed according to vesting schedule
  • Allows private sale investors to trade their locked tokens early, without diluting the usable token supply.
  • Addresses the need of the secondary market on telegram for trading locked tokens P2P.
  • NFT tickets with locked tokens can be traded just as any ERC-721 or ERC-1155 tokens, without needing an escrow.
  • The trading of Private Sale Ticket NFTs may resolve at prices under or over the current market value of the locked tokens. This effectively acts as a futures derivative on the price of the tokens locked within the NFTs.

BACON Farm

  • Stake Uniswap-LP tokens to receive BACON token reward

NFT Art Funds

  • Deposit expensive pieces of NFT art and issue tokenized funds for the entire bundle.
  • Shares cannot be changed post launch
  • Any wallet with over 5% of token supply can trigger an on-chain auction lasting 2 weeks.
  • Highest bid winners receive custodianship of the art bundle. They can can decide to unlock the bundle and withdraw the NFT assets
  • Auction proceeds get distributed to Art fund shareholders pro-rata
  • Community can Veto the bid by staking more than 25% of total share tokens.

NFT Generating ERC-20 tokens for holders

  • NFTs can generate ERC-20 tokens per set number of blocks
  • These ERC-20 tokens can be claimed by the NFT owner at any time
  • ERC-20 tokens are used for specific features within the NFTs such as changing their names, and altering the color/position/state of the NFT art
  • These NFTs can also represent DeFi investment products, where each investment can be traded. The tokens rewarded can also be part of the native ecosystem of the corresponding DeFi platform.

5. REVENUE STREAMS

The BaconDAO team will offer IDO launchpad services and eventually full stack NFT incubation services. In exchange, the team is paid by projects in cash or through private sale investment allocations.

The team also receives BACON tokens from BaconDAO members, when they use it to pay for consumable services such as 1-on-1 mentorship.

Finally, Market making of BACON token also generates revenue for the team.

6. TECHNOLOGIES USED AND CREATED BY THE PROJECT

  • NFT Launchpad: Smart contract that works with any generic deployed ERC-721 tokens and starts an on-chain auction with increasing price levels and a whitelist.
  • NFT Token Vaults: Smart contract which combines an on-chain vesting vault with a ERC-721 contract. ERC-20 tokens are deposited into vaults with predefined lock and vesting schedules. The tokens are only claimable by the holders of the ERC-721 tokens.
  • BACON Farm: Generic LP farm reward contracts.
  • NFT Art Funds: On-chain issuance of tokenized art funds with buyout and veto features. Standardized version of B20 smart contracts.
  • NFT Generating ERC-20 tokens for holders: Standardized version of Hashmasks and NCT token smart contracts.

7. TEAM

8. PARTNERSHIPS & INVESTORS

BaconDAO

9. TOKEN ECONOMY

BACON tokens are locked up to receive monthly BaconDAO membership. This includes private content of

  • Daily Bitcoin and Altcoin TA Trade ideas
  • Private sale offerings
  • Altcoin gem picks in trending niches like BSC, NFT, Layer-2 and Solana
  • Educational curriculum for crypto beginners
  • 1-on-1 mentorship services

BACON token is used to gain access to BaconDAO NFT Launchpad IDOs and NFT drops.

  • IDO drops function as a whitelist lottery structure for BACON holders. The more BACON tokens you hold, the more tickets you receive in the lottery.
  • NFT drops function as a tiered structure. The more BACON tokens you hold, the earlier you can get into the NFT sales. This means cheaper prices in bonding curve sales, or priority claims for rare drops in flat rate sales.

BACON-ETH pair Uniswap-LP tokens can also be staked on BaconFarm to receive rewards in BACON tokens.

When BaconDAO incubates new IDOs or NFT collectible drops, the profits are fed into the BACON token in two ways:

  • If BaconDAO receives private investment allocation, these allocations will be distributed to the BaconDAO members community to participate through a pool.
  • If BaconDAO receives cash or project token as payment, profits will be used to buy back and burn BACON tokens from the open market.

10. DETAILED TOKEN METRICS

 

Ticker:BACON
Blockchain Network:Ethereum
Token Supply:200,000,000
Project Valuation:$8,000,000
Initial Token Circulation:16,633,333
Initial Market Capitalization:$665,333
Total Raise (All Rounds):$920,000
Platform Raise:$100,000 + $5,000 Community Round

 

 

Seed Sale
Fundraised:$200,000
Price:$0.02
Lock-up:0% unlocked at the TGE, then 11.11% on a monthly basis

 

 

Private Sale A
Fundraised:$240,000
Price:$0.03
Lock-up:10% unlocked at the TGE, then 15% on a monthly basis

 

 

Private Sale B
Fundraised:$320,000
Price:$0.04
Lock-up:25% unlocked at the TGE, then 25% on a monthly basis

 

 

Public Sale (inc. SHO)
Fundraise:$160,000
DAO Maker:$100,000 + $5,000 Community Round
Price:$0.04
Lock-up:100% unlocked
Personal Allocation:$500

 

11. TOKEN DISTRIBUTION

BaconDAO

12. TOKEN RELEASE SCHEDULE

BaconDAO

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