JEFF Tokenomics
JEFF is an experimental ERC-20 token that combines personal staking concepts with sound tokenomics. It should be understood that this project reflects a tokenized IOU system. There is no inherent value and participation is voluntary. Contributors should not expect to see a return-on-investment.
JEFF Supply Breakdown
The total supply is hard capped at 60,000 JEFF, broken down as follows:
- 30,000 JEFF (50%) available for sale at $2 per token (at rough ETH equivalent during time of sale)
- 20,000 JEFF (33%) assigned as after-market liquidity on Uniswap
- 10,000 JEFF (17%) reserved for marketing strategy, business development, and emergency liquidity
Initial Sale Details
Since this is a very small sale ($60,000 only), the main threat is a small group of holders dominating the supply. I plan to mitigate this with the following strategy:
- Fund a fresh Ethereum wallet via Tornado Cash or similar mixing service
- Deploy the token and divide the 30,000 JEFF across various Decentralized Exchanges in stealth mode.
- Announce the token launch and token sale contracts altogether via Twitter and Telegram.
The intended goal is to perform a stealth launch in a way that should prevent sharks from monopolizing the sale. Without any prior announcement, there will be no “insider” group getting first dibs. By splitting it across several exchanges, community members of one particular dex won’t have an unfair advantage, either.
There is no set time for the launch of the sale. Anticipate an announcement coming some time before the end of the month. There will be no “heads up” or “grace period” preceding the launch.
Uniswap Liquidity
In the event that JEFF sells out, and no purchasers have initiated a Uniswap pool. I will create one using 95% of the ETH from the sales and the fully 20,000 JEFF assigned to liquidity building. This pegs JEFF to $2.85, a modest increase from the initial sale.
If someone else provides liquidity first, I will contribute the maximum in ETH or JEFF at current market rates. In either scenario, leftover ETH will bootstrap a JEFF treasury fund that reflects current trades/strategies of the group.
In the event that JEFF does not sell out, the sum of ETH raised will be provided at $2.00/JEFF (or current market rate). Unsold JEFF will be burned and reserves will be reduced in proportion.
JEFF Utility
JEFF holders can cash in their tokens to take advantage of my professional writing services, advertise across my channels, utilize me for teaching, mentoring, or advising. Additionally, JEFF is the ticket-of-entry to the JEFF private group.
50% of all JEFF payments are sent to Ethereum’s universal burn address. To avoid superfluous gas costs, JEFF will be burned no frequently once every 24 hours, and at sizes of no less than 60 JEFF (0.1% of total supply)
JEFF services and costs are as follows:
40 JEFF: Group entry for life
Access to the private JEFF Telegram channel where I spill my brain in terms of trading, project research, understanding different tools/platforms, automated trading programs, and general blockchain industry knowledge.
Additionally, the group will maintain some DAO voting principals. JEFF users can vote on cost changes for JEFF payments, burn rates, and so on. Because this is a private group with ticket-of-entry, votes are generally sybil resistant.
4 JEFF: Retweet
One retweet from my Twitter account. I have the right to vet and reject retweets (no cost for rejected requests)
8 JEFF: Custom Tweet
I write and publish a Tweet about topic of your choosing.
16 JEFF: Meme Commission
I create a high-quality meme in photoshop according to your specifications. I am a first-place award-winning meme creator.
24 JEFF: 30 Minute Call
Half hour voice chat on topic of your choosing. You can pick my brain on different points of interest within cryptocurrency, get advice on your project, or enjoy interactive teaching on skills and concepts pertaining to blockchain.
32 JEFF: Sponsored Article
I publish an article you submit to my Medium or personal satire blog. If you’d like, I will crosspost to my Steemit and/or Publish0x.
40 JEFF: 60 Minute Call
One hour voice chat on topic of your choosing. You can pick my brain on different points of interest within cryptocurrency, get advice on your project, or enjoy interactive teaching on skills and concepts pertaining to blockchain.
72 JEFF: Longhand Article
I write an article in the style as this one. You can choose if you’d like me to publish to my Medium, my personal satire blog, or retain for your own publication elsewhere. If you’d like, I will crosspost to my Steemit and/or Publish0x.
80 JEFF: One Week Ad Placement
I designate my Twitter bio, pinned Tweet, public Telegram pin, and Bitcointalk signature to a message of your choosing for one week.
160 JEFF: One Month Advisory
I will advise your project for one month, providing expertise in building out your projects tokenomics, marketing strategy, and other areas as needed.
800 JEFF: One Year Advisory
I will advise your project for one year, providing expertise in building out your projects tokenomics, marketing strategy, and other areas as needed.
1,000: JEFF One Month Marketing Contract
I will work part-time for your project for the duration of one month, providing my expertise by way of written content (from whitepapers to blog posts), marketing strategy, business development, and so on.
DISCLAIMER: All sponsored content will be labeled as such. I have the right to vet and refuse any request for any reason. In such a case, no payment is taken.
