Provably backed by hard assets.

While 'social tokens' which are stated to be backed by a curation of their issuers' NFTs, there has never been a social token that has a verifiable, on-chain, intrinsic link to the underlying value, secured at a smart contract level and able to expand limitlessly, in a decentralized manner, across multiple blockchains simultaneously.

Limitless potential to appreciate in value.

The NFT fractionalized to deploy $DOWN is an Emblem.Finance Vault. This means that until the encrypted private key is revealed by "breaching" the vault none of the contained assets can be withdrawn, traded, sold or otherwise interacted with. The tokens' underlying NFT Vault can be bought through a successful auction, initiated when a bid is placed at a minimum price determined by the HODL'ers of $DOWN.

In the event of a successful buyout of the NFT, all hodl'ers of $DOWN can redeem their tokens to receive the proportional value of ETH from the sale.

Built For Sustainability

The tokenomics and issuance format for $DOWN Vault have been updated and refined several times before its deployment, but were initially conceived early in 2021; by some of the earliest creators to issue social tokens, who were also among the earliest participants in the nascent social token market sector, and who recognized the limitations and shortcomings of the social token format, and those of the currently available platforms.

Meticulously Designed Tokenomics Model

Beyond it's specific method of issuance; $DOWN follows a similar format to the widely-adhered-to standards for social tokens issuance. There is an initial supply cap of 10.000.000, with the creator's and DAO treasury reserves set to vest over a 2-year staged claiming timeframe. Community rewards will also be distributed (initially) over time, estimated to be at least 2 years to release 3.500.000+ tokens through participatory methods.

Additional Tokenomics Info:

• $DOWN has an inlfation rate of 1% per year; which can be modified by the $DOWN DAO.
• A share of all $DOWN revenue generated by the $DOWN DAO or by the tokens associated creator(s) will be used to top-up the community rewards pool.
• $DOWN exists on multiple blockchains (currently ETH, Polygon and Optimism); with a shared token supply across all networks where $DOWN is live.
• A secondary token, $weDOWN will be utilized for governance following the official launch of the $DOWN DAO.

Building with the best.

$DOWN has been created by harnessing the composability of DeFi and NFTs through some of the most secure protocols in the crypto space.

"Quantum Compounding"

Another innovative world first accomplished by the $DOWN Vault token.

'Quantum compounding', as we've been calling it, refers to a very simple, but very powerful mechanic which is only possible due to the unconventional method of token issuance that created $DOWN. After being fractionalized (and after testing with 1 token) 10% of the initial supply of $DOWN has been deposited to the $DOWN Vault NFT. Theoretically, this should mean that any increase to the value of the assets in the $DOWN Vault consequently increases for FDMC of $DOWN token; therefore increasing the value of the $DOWN held by the vault by 10% of the previous increase. Forever.

If we use X to represent the combined value of the Vault's assets (excluding $DOWN) and Y represents the provable value backing the total token supply then:

X = Y and X + (Y/10) = Y

*we reserve the right to deny everything in the event the above mathematical paradox causes a rift in reality.