Community Fund

How the fund will generate funds and from what sources.

The community fund will start its life with the funding from the total minted amount of 2,222 SOL going directly in to the fund.

Remember the community will also be funded with 70% of the royalties received from secondary sales and up to 70% of all future gross revenues from our business ventures and investments, giving a huge growth potenial to develop Solana holdings whilst it still trades well below its potential future value.

Revenue Sources

Our first venture of NFT Mint Cover will offer policies from 2 SOL per year (Current USD Price April 2022), providing the holder with a limited yearly cover against rug pulls. With this aimed at being our primary revenue source, that will benefit the SOSMC holders with 70% of the yearly gross profits going to the community fund.

• The NFT Mint Cover liquidity pool will be another source of revenue creation. As part of our cover business model, we will be using the funds we created from the initial minting to not only provide the cover purchased but to also further wealth creation through diversified investments across multiple sectors.

(This will enable us to not only provide profits to the community fund but also provide high payouts of cover to our cover holders)

We also have business plan written for one other potential startup that will be submitted to the community through the DAO that will operate in consumer goods offering a white label product to other projects, helping them build not only their brand image but also their product lead time, logistics and ultimately bottom line.

This potenial venture should the community approve, would only be introduced in our V2 roadmap and only once our first venture is fully established. This is to ensure full dedication is given to each ventures startup and adequate time to pursue relevant hirings and any outsourcing.

Brief Overview Of The NFT Cover

Our NFT Minting cover utility will start beta testing around summer 2022, aiming to go fully live in autumn. Drawing a predicted income of 7,000SOL through its initial minting and subsequent yearly revenues estimated to be around 50-60% of the initial minting revenue.(This will largely depend on wether the covers are bought from secondary or from the renewals of cover purchases).

The NFT Cover will not only provide access to project risk analysis tools but they will also be eligible for vetted whitelist projects (that have been checked for proof of concept and authenticity of the individuals behind the project).

A maximum potential yearly revenue being created from renewals at - 3500 NFT's renewed at 2 SOL each totalling additional 7000 SOL in revenue.

The Future Of The Fund

Our aim is to build our community fund first, putting our emphasis into the fund will attract holders which will in turn, be the building of the community.

As a project that is putting effort into expanding our means of revenue, we aim to make our project one the most highly diversified. With our concentrations to the fund being building strong foundations of our project by investing in NFT based projects where they will be incubated for future value creation, the participation in Seed funding rounds for new startups and our own potential business startups and acquisitions.

The potential contribution to the community fund for a total trading volume of 75,000 SOL would result in the community fund receiving 7.5% of the total transactions equaling 5,625 SOL in contribution from royalties alone.

If considering the future value of SOL at a price of $250.00 per SOL, the community would receive funding of 5,625 SOL from royalties aline which could be result in a value estimated at $1,406,250.

This is not taking in to account for the initial contribution made from the mint proceeds and any revenue contributions, which could increase the fund amount significantly higher!