Simply CollectiVerse
Hello it’s Apollo here. Following up the Whitepaper with a shorter and simpler explanation what CollectiVerse is.
The Whitepaper was designed to be our detailed thesis and roadmap. Even when I asked my brother (a PhD in economics from Stanford and a former Harvard Business School professor) to review it, he replied “well uh, it seems complicated.”
If you feel the same, you’re in good company as I heard that feedback a number of times. It was my decision to get a detailed roadmap out there to start the conversation, and work backwards.
Now that the conversation has started, it’s time for our Very Litepaper.
What is CollectiVerse?
CollectiVerse is a platform designed to protect DeFi investors. The problem we are solving is that although DeFi is the future and will disrupt finance, there are too many project owners that don’t respect investors’ money. They set up a project with the sole goal to steal your money. It happened to me several times. I am frustrated and tired of it. That’s why I co-founded CollectiVerse.
The current landscape of DeFi looks like the diagram below (I drew this myself so please don’t laugh and definitely don’t tell Hami — aka CV Mission Control — otherwise he WILL freak out).
Today projects launch on a layer 1 or 2 like Ethereum, Avalanche, or Polygon and we purchase their tokens because we want to catch the next big thing (wen WL!). But since these projects owners have no accountability or repercussions, they do whatever they want, and at their whim steal our money. The current system has no accountability.
The result: DeFi is a game of Russian Roulette. The odds of making money can be worse than a coin flip. You get mad at yourself after getting rugged because you think you should have known better. You saw the signals right? You blame yourself for making a dumb mistake.
It’s extremely hard to tell the difference of a good versus a bad project. It can be harder when project creators are anonymous. Most projects look the same. It’s a guessing game. It’s not your fault. It’s a flaw in the system.
Enter CollectiVerse
CollectiVerse fixes this problem in a very simple manner: it adds an investor protection layer between each project in our ecosystem and layer 1 or 2 (initially Avalanche). It looks like this:
This is CollectiVerse’s No-Code DeFi engine and it achieves 2 benefits:
- Makes it simpler for builders to launch a project without code.
- Secures contracts and adds protective rails to the tokenomics so that the security risks are minimized. This lets you focus on the best investment and not worry about the risks.
Our No-Code DeFi engine is analogous to Shopify for e-commerce or Squarespace for websites. We offer templates to allow builders to launch projects quickly, which greatly benefits them. It lets them signal to the community that they want to build something real and respect your money. Plus they gain access to our own existing, passionate community.
The result is a win-win for builders who have good intentions and investors.
What About All That Fractional and $ROCKET Stuff? Also Why Is The Whitepaper So Long?
Ah yes the length is my fault. I had a lot to say — think of it as one word for every dollar I lost from rug pulls :)
This is how phase 1 and 2 look using a similar diagram as above:
We are calling projects as planets. You can buy the planetary governance NFTs for $25 each to own a piece of each planet / project. Each planet has their own token which changes via an exchange rate in price relative to $ROCKET, which is our version of a programmatic stablecoin that’s 100% backed and banded at $1. When you want to cash in your rewards, you exit using $ROCKET.
The only other key points to note are that each planet’s governance NFTs pays 91% APR over 9 months. We take $16.75 of the purchase price of each NFT and place it in reserve, setting aside an equivalent amount of $ROCKET for it.
Each planet will have the ability to adjust their tokenomics, which will affect their returns through their exchange rate into $ROCKET.
OK Then What About All That Metaverse Stuff?
The purpose of the planetary NFTs and metaverse is to wrap the framework described above into a gamified experience. Our vision is to have communities work together and compete against each other in a fun way.
Today each Discord server is like it’s own island. CollectiVerse wants to build a community of communities where we can all engage and work together to build a better DeFi. That’s what we are doing in our discord today and eventually in our metaverse. We invite each web3 community to join our Discord and metaverse — let’s work together to make a safer DeFi!
Everything else in the WhitePaper is designed to help you make money in the CollectiVerse ecosystem since each token offers unique utility.
How Do I Get Involved? I Already Have a Full-Time Job and Don’t Need a Second One.
We understand. That’s why there are 2 ways to participate in CollectiVerse: as an active or passive participant.
As a passive participant, you simply invest like any other project by buying the governance NFTs of a planet. As a passive participant, you are betting the returns from a project with protections is better than one with none. If you like things the way they are and enjoy the risks, then likely CollectiVerse isn’t your cup of tea. We are targeting investors that are frustrated and rather not lose their money to a random anon.
As an active participant, you can work with a team to decide on optimal governance, consensus, tokenomics, and more. You will learn and grow to become a builder in DeFi without needing to know how to code. You will learn how to better identify what makes a good versus bad investment after proactively managing your own. It’s much easier to be a back-seat driver than a driver. But when you drive, you control where you are headed.
And Space? Why Space? Is CollectiVerse Really Going To Get Me To Space?
Yes our vision is to help people get to space, and only after we build abundance for our community. We are building a community treasury that lets us invest in our future and expand our horizons.
Space has similarities to the CollectiVerse. Both provide the opportunity to build communities from a clean slate. CollectiVerse gives everyone the option to experiment if you have time and interest.
For now, let’s focus on the important initiatives here on Earth.
Conclusion
CollectiVerse is a different kind of project. It’s not even a project, it’s a platform. If the idea of investing and potentially building wealth more securely is appealing, our platform and metaverse are for you.
Join us if you are motivated to participate in an initiative that seeks to change the current state of DeFi and make it safer for investors. A platform built around an authentic mission with transparent values.
We stand by this mission by already video doxxing ourselves in an AMA and partnering with groups that align with our values such as PreSale Vanguard (more to be announced soon!).
We will set an example of a better way to run a DeFi project. We won’t be perfect, and need your help and feedback to achieve that mission. You are our partners in this mission, not our customers.
Please visit collectiverse.com and our discord server to learn more.
