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Discoin is the community currency of Neo Miami. Discoin ($DISCO) was created by members of the DISCO SOLARIS community to empower Disco Solaris NFT holders (Neo Miami Citizens). With Discoin, Disco Solaris NFT holders will be able to earn Discoin rewards, participate in governance, and spend their $DISCO in the Neo Miami community economy.
Discoin is intended to holistically ensure the well-being of each and every Neo Miami Citizen and to empower creators -- builders and artists of all kinds and types. This currency is designed to be the lifeblood or energy that connects us through community. The intention is to create the conditions necessary for true empowerment to emerge for each individual in Neo Miami and for the community as a collective.
{% hint style="info" %} Discoin is a community-led project and has no direct affiliation with the DISCO SOLARIS production studio, Dim Blue Dot. {% endhint %}
{% hint style="info" %} Policy ID: 5612bee388219c1b76fd527ed0fa5aa1d28652838bcab4ee4ee63197
Fingerprint: asset16wnanv4xfv3cvz02yjeaqza5eae48dhj5lmxvu
Genesis: f055a4297f98d22f72b7b68cac41f4d2b7d831ae362cecc6140f79d2222374ae {% endhint %}
On March 5th, 2022. Charles, Disco Solaris NFT #0007, was purchased for 125,000ADA.
The Charles PFP NFT was fractionalized on 06/13/2022 7:11:52 PM EST. It was carried out using fracada-il-primo, an open source library from dcSpark that allows for the fractionalization of NFTs on Cardano. The Plutus contracts were used and deployed without modification.
On 09/27/2022 the Discoin Airdrop was distributed to 1847 Disco Solaris PFP Holders across 18 transactions. Each holder received a gift of 57777 Discoin per PFP held and 1.3 ADA.
Holder addresses were captured from a snapshot taken during July 2022. Marketplace wallets did not receive any Discoin and these coins returned to the Treasury for holding.
Review Transactions from Airdrop Payment Wallet on CardanoScan
By both holding a Disco Solaris NFT and Discoin, you can:
- Participate in governance
- Seek funding for your community project from DisCatalyst Fund
- Buy/Spend/Sell within the community ecosystem / Bazaar of Neo Miami
- Receive rewards
| Entity | Allocation (%) |
|---|---|
| Rewards Commission | 30.04% |
| Liquidity Commission | 5.777% |
| DisCatalyst Fund | 5.777% |
| 5777 Airdrop | 5.777% |
| Treasury | 52.63% |
For the initial reward periods following the Discoin Airdrop, manual snapshots and batch rewards transactions will be executed on a monthly basis, with the details being announced via Twitter and Discoin with notice.
Holders may be required to provide the ADA required to execute distributions to their wallet or perform other actions to register for rewards each cycle.
Once rewards distribution Plutus contracts are deployed Discoin distributions will become automated and follow cycles of Cardano epochs.
Proposals for improvements to Rewards programs may be discussed and implemented from time to time. We intend to improve the Rewards programs as new data and needs come to light.
Rewards emitted will increase each year until year nine, after which there is no current plan to continue the fixed rewards emission schedule.
As more community builders enter and invest in Neo Miami, there is an added demand for Discoin. The community has clear and advance warning of the details of the inflation schedule. Newcomers can plan on the added abundance of Discoin in the future during the Rewards period.
By this design we intend to balance the need to reward the sacrifice and effort of early builders with the need to provide adequate opportunity to newcomers during the rewards era.
The economy of Neo Miami is expected to live from its own utility, merits and self-designed sustainability by the time the full gift of rewards has been distributed in year 9.
| Year | % Suppy | Emitted | To PFP Holder | To Discoin Holder |
|---|---|---|---|---|
| 1 | 1.73% | 100,133,318.70 | 30,039,995.61 | 70,093,323.09 |
| 2 | 2.310% | 133,511,091.60 | 40,053,327.48 | 93,457,764.12 |
| 3 | 2.888% | 166,888,864.50 | 50,066,659.35 | 116,822,205.15 |
| 4 | 3.466% | 200,266,637.40 | 60,079,991.22 | 140,186,646.18 |
| 5 | 4.043% | 233,644,410.30 | 70,093,323.09 | 163,551,087.21 |
| 6 | 4.621% | 267,022,183.20 | 80,106,654.96 | 186,915,528.24 |
| 7 | 5.199% | 300,399,956.10 | 90,119,986.83 | 210,279,969.27 |
| 8 | 5.777% | 333,777,729.00 | 100,133,318.70 | 233,644,410.30 |
| 9 | 0 | 0 | 0 | 0 |
| Token | Distribution % |
|---|---|
| PFP NFT | 30% |
| Discoin FT | 70% |
addr1xy37w4aqgukmhljn229a4m0ccsk3y49x40tfrnj3u8gw96pruat6q3edh0l9x55tmtkl33pdzf22d27kj889rcwsut5qaa2r64
Review Rewards Commission Transactions on CardanoScan
Requires 6/10 Signatures to Spend
The Rewards Commission is responsible for distributing rewards to PFP and Discoin holders and incentivizing holder participation in the economy and governance of Neo Miami.
Participate on Discord #rewards
addr1xywvz3224hc5h5uu8g3x6rk6pjdps6c2acewa735haydqmcuc9z54t03f0fecw3zd58d5ry6rp4s4m3jamarf06g6phsgzp0xt
Review Liquidity Commission Transactions on CardanoScan
The Liquidity Commission is responsible for ensuring there is proper liquidity for Discoin to maximize its value and stability. It is expected to govern the funds allocated to it for that purpose.
Requires 6/10 Signatures to spend
Any Discoin holder can engage and participate in governance by joining the Liquidity Commission channel on the Neo Miami Discord.
addr1xxy8exmrl37hk2pyct5mgc45tjh53udzfhqfxavzlc743vug0jdk8lra0v5zfshfk33tgh90frc6ynwqjd6c9l3atzesqljg09
Review DisCatalyst Fund Transactions on CardanoScan
Requires 6/10 Signatures to spend
The DisCatalyst Fund is responsible for providing governance and structure to the dispensation of funding for community projects.
DisCatalyst is intended to fund and support projects with the following considerations in mind:
- sustainability
- sovereignty
- autonomy
- transparency
- benefit to others / community service
- free and open source software
- art, creativity and excellence
- education
- community governance
- decentralization
- strategy & leadership
The DisCatalyst Fund will administer a bounty system and provide support structure for participating community projects.
Concepts can receive preliminary funding to demonstrate viability before the community commits to fund further milestones of development of a given community project.
A virtuous process of building can be established where funding flows from rounds of peer and mentor accountability reviews at developmental milestones. Using a frequent and integrated review, reputation can gradually build and misunderstandings can be mitigated.
Multisignature wallets can be used to administer the release of funds following accountability reviews.
Join the fun on Discord #discatalyst
addr1xy306nxnhkseaw4rlgfa55skyd342z4mtq5k2j4jux7k4kfzl4xd80dpn6a287snmffpvgmr259tkkpfv49t9cdadtvssms0kr
Review Neo Miami Treasury Multisig Transactions on CardanoScan
Requires 7/10 signatures to spend
The Neo Miami Treasury governs the sovereign fund of the people of Neo Miami. The Treasury plans for the long term strength, value, and viability of Discoin.
This reserve is specifically designated to secure and provide for the value and integrity of Discoin.
You can participate in Treasury governance if you hold Discoin or a Disco Solaris PFP NFT by joining the #treasury channel on the Neo Miami Discord.