Together for better futureBusiness - Sustainability
We’re dedicated to creating a lasting impact.
Within this model we are aiming for a fair, transparent and straightforward way of bootstrapping, where all generated revenue from NFT sales would be distributed as follows: 90% would go for the idea, and 10% to Stitchia Network (where 5% into StitchiaDAO Treasury and 5% development of the NFT collection).
Use case 1:
A person with a sustainable business idea in mind is coming to Stitchia Network only via a Genesis NFT ticket owner’s endorsement, or a STITCH token backer proposal. After submission of a pre-approval request form with basic details attached (initiation stage), the core team and at least one Ticket holder’s endorsement, the idea is placed for a Network Vote (Accept or Not); If accepted, the idea moves into the next inception stage, including: NFT design, creation and minting & listing on Stitchia Marketplace.
90% for the sustainable idea,
5% development of the NFT collection,
and 5% Treasury.
Relocation of funds (rollout stage) would be delivered in 3 phases, based on pre-agreed
deliverables/milestones proposed by the person or people behind the idea.
Let’s make an example:
An eco guy named John wants to use the plastic waste in his city to create sportswear. For this idea he needs money to move things forward. He has a friend who is an artist and they are drawing 1,000 plastic correlated 3D cool looking images. John wants to use Stitchia Network to back up and support his idea by selling a range of drawings (also could use one of our artists to create that collection) as an NFT collection.
Via the endorsement of a Genesis NFT ticket holder, he fills in a pre-approval request form (with a brief review on him and his work) which is being submitted for review firstly by the core team of Stitchia Network, but also to the existing Genesis NFT ticket community – entire pre-approval and endorsement process to be fully decentralized by the StitchiaDAO.
where core team, alongside Stitchia NFT ticket endorser(s) support John to design, create, mint and list a NFT collection which would be used to bootstrap his funding needs.
Alternatively, John could even purchase a Genesis NFT ticket (if they are still available on stitchia.network) and endorse and list the pre-approval request form by himself.
Let’s assume his idea is already being endorsed and approved and it moves into the inception stage, where the team of Stitchia alongside endorser(s) would shape and plan technical, and design work needed, alongside marketing campaign and minting process.
John’s initiative and the NFT artist behind the idea would keep getting royalties of 3% on each and every resale that incurs afterward. After the NFT collection is minted – free airdrop to the Tailors, 50% of the Makers and guaranteed allocation for the Cutters. The remaining NFTs would be left for the public to mint.
Here at Stitchia Network we envision a transparent and fair lifetime royalties distribution of 5% as follows:
2% for Stitchia Network Treasury