🌍EVIDAO token
DAO token with profit sharing and governance
Emission
When Evita buys new equity share in a real estate LLP for each $1 we manually mint 2.2 EVIDAO tokens and distribute them according to the algorithm:
1 EVIDAO goes to the real estate developer
1 EVIDAO goes to the liquidity provider
0.2 EVIDAO goes to the DAO treasury to pay DAO contributors and participate in charity
The initial EVIDAO supply is zero.
No free EVIDAO tokens have been allocated for the team or early investors initially.
No ICO, ITO, IDO, IEO, or launchpad event has taken place.
Staking
All EVIDAO tokens issued to the real estate developer and liquidity provider are staked into our protocol automatically.
If someone unstakes EVIDAO before 90 days since staking the protocol will burn (90-X)% of his staked EVIDAO, where X is the amount of fully staked days. We
Utility
25% of Evita's revenue from yield compression, origination, market-making, and staking is allocated to EVIDAO holders.
The bonus is allocated only to those holders, who stake for 90+ days in a row. The rest of the revenue goes to the DAO treasury to pay DAO contributors and participate in charity.
EVIDAO Fair Value
Let's model a hypothetical situation where LPs minted 1B of EVITA.
25% of the protocol's revenue is distributed among those who stake EVIDAO for 90d+. Sources of revenue:
$10M yield compression from fiat to crypto from each new EVITA issuance.
$40M for token redeems (conservative: one turnover cycle/year).
$20M for leveraged positions building (conservative: one cycle/year).
$20M broker fees.
$30M realtor fees.
Total $120M of fees
25% of them = $30M/year goes to EVIDAO stakers as a profit (+3% APY to LPs).
Fair EVIDAO market cap will be 25x profits = $750M.
EVIDAO circulating supply will be 2.2B * (1-20% burnt) = 1.76B
EVIDAO fair price = $0.43
LPs market cap = $0.43B (+43% to their initial capital)
How to Earn EVIDAO
10% of minted EVIDAO are put to treasury and allocated to:
Community contributors for involving new members, social media promotion, voting for listings in popular protocols, docs translation, software development, and other valuable activities.
Learn2earn activities: people will complete online courses on real estate and investments and earn EVIDAO tokens. Plus, we will provide bonus EVIDAO for those who will coach others and help community members progress their education.
Regular draw events among the users.
Governance
EVIDAO holders can vote for the proposals regarding development of the protocol, treasury allocation and distribution, etc.
Last updated