SWAP Update II
As part of the Club's plans for growth and diversification there is an urgent effort to focus on decentralization, increased utility, and expanding various projects with new management teams. The swap opportunities allow members to position their crypto holdings accordingly. Last year the business focus of the Club transitioned to B2B merchant services, rewards, and marketing as a core revenue model serving Web3 development. We have spent that time developing and connecting real world goods and services to blockchain technologies. The crown jewel of this development is the DivinciPay non-custodial checkout plug-in now being marketed for ERC20 projects and WiX premium store owners. The plan is to expand to other blockchains with thousands of token checkout options which will greatly reduce the need for fiat conversion, on-ramps, and off-ramps. Our first target is to signup 10,000 merchants using DivinciPay. A portion of these revenues will be used for supporting decentralized MadHat and AWRT liquidity pools. DivinciPay of course is just one example of great club tech that will be used for similar revenue producing merchant contracts and services. With that in mind, here are the rough plans for our in-house project & 3rd party tokens. As discussed over the last couple of AMA's, this outline is to help members make more informed swap decisions:
MadHat - will be actively marketed to a broad international community and its utility will continue to evolve and be increased through projects like the Mad Hatter Markets for the sale of unique luxury and high end merchandise, MadHatter Mystery Box, and other projects. This token will be a major focus for decentralized liquidity pool efforts and growth.
AWRT - will continue to be the main Club reward token and benefit from increased international marketing, utility in multiple ecosystems, and increased internal spendability. It will be a focus of the Clubs decentralized liquidity pool efforts and new rewards marketing projects.
AWB - will continue to exist and maintain its airdrop reward functions, but there are no current plans for it to be actively marketed outside of our Club ecosystem.
SCRAP - will be partnered with a 3rd party company and management team which may lead to additional exit strategies and increased utility with the build out of scrap trading technologies and websites that will be powered by DivinciPay.
Cubed - will be partnered with a 3rd party management team which may lead to additional exit strategies and increased utility with the build out of industrial and commercial flex space booking technologies that will be powered by DivinciPay.
SPEED - will be partnered with a 3rd party management team which may lead to additional exit strategies and increased utility with the build out of car sales and booking technologies that will be powered by DivinciPay.
LEON - will be used as an AWC managed gig worker payment, tipping and rewards token along with DivinciX and powered by DivinciPay. The token will be marketed internationally and its utility will continue to expand. Profits from the project will also contribute to decentralized liquidity pools.
Several other Club tokens will remain on the shelf for future development and potential partnerships. Some of these include Luxify…
3rd Party Token Plans:
CARBON - will be collected in swaps and shelved with no further plans for token development. The CARBON exchange will be marketed for use and potential sale with 50% going back to the club if successful.
USHX - Continues to develop utility and plans to market broadly with initiatives like the Veterans NFT project to help curb homelessness. It is anticipated that decentralized liquidity pools will be the primary focus with potentially 1 CEX in the short term. We will have more updates soon.
FLUX - Continues to develop. Will have more updates soon.
STELLA - Continues to develop. Will have more updates soon.
The updated conversion chart is bellow
Token | SWAP Price | SWAP to MADHAT ($1.00) |
AWB | 1.00 | ratio is 1 : 1 |
AWRT | 0.00001 | ratio is 100,000 : 1 |
FOTC | 0.00001 | ratio is 100,000 : 1 |
CARBON | .25 | ratio is 4: 1 |
SPEED | .50 | ratio is 2 : 1 |
CUBED | .50 | ratio is 2 : 1 |
LEON | .50 | ratio is 2 : 1 |
SCRAP | 0.00001 | ratio is 100,000 : 1 |
