Backers.art
An NFT that is built to retain and increase its value as well as to pay perpetual royalties to its customers. Backers is making Performing Art to fund your vision.
A New Standard in Defi and NFTs
Unlike every other protocol and project, 90% of every dollar used to purchase art from Backers will become part of the Backers pool of assets. The pool will contain assets that we believe will increase in value and also generate yield. This will be a combination of assets in the tradition and decentralized finance space.
The NFT sale price will be distributed as follows:
90% to the Backers Pool of Assets
4% to operations
4% to the treasury
1% to Operation Underground Railroad
1% to the artists, shareholders and founders
A Protocol for Royalty Generation
Strategies
Backers initial deployment strategies will work to balance the asset pool across various investment opportunities. Initial deployment will likely include Yearn Finance vaults. We will be running Ethereum nodes, and leveraging the staked Ethereum to make investments in other projects that we have been supportive of in the past. We will be making investments in the traditional finance space as well, including buying stock in performing companies as well as investing in Real Estate and promising Start-ups.
Perpetual Royalties
Backers will be releasing its first NFT drop in the next several weeks. The artwork will be launched to a whitelisted audience, ensuring a fair release. We will sell 10,000 pieces and ALL of the proceeds from the sale will remain in the protocol. TITANs failure and many others are caused by the simple truth that NOTHING is backing the value of their token. When the music stops and the selling starts, there is nothing to stop the token from trading to zero. There is no difference in the NFT Space. Most projects will go to zero as the projects do not retain the value that was used to create them. Backers art will forever be backed by assets in the traditional and decentralized finance space.
The returns from all of these strategies will be distributed as follows:
45% returned to the asset pool to be re-invested
45% airdropped as royalties to our NFT holders
4% for operations
4% for the treasury
1% to charity
1% for the artists, shareholders and founders
We Set The Floor
Our goal at Backers is to get each one of our customers to a place of financial independence. Where they are resourced to look after themselves and those in their community. We do this by compounding and growing the asset pool, increasing the royalties month after month.
Resourcing Individuals and Organizations
Backers will work with other groups and organizations that want to follow our model, to help them release their own series of NFTs. We will help these groups build asset pools that will provide perpetual funding to their organizations and those they serve. These individuals and groups will be resourced in troubled times to positively impact their communities.
Backers Roadmap
Self Paying Loans
The Backers Platform will contain a mechanism for art owners to stake artwork as collateral and to borrow against it. Each Backers loan will be backed by the value of the art, as well as the assets in the Backers pool and the income that it generates. This diversification of the assets creates a stable value base for the collateral such that the user WILL NOT have to suffer liquidation. Liquidation WILL NOT be possible on the Backers Platform. Remember that all Backers art holders earn royalties on their artwork, so they have the choice of paying off the loan or letting the royalties pay it off over time.
Swaps
The Backers Platform will contain a mechanism for users to swap tokens. The protocol will allow users to contribute one asset and receive another asset from the pool. The protocol will be able to receive assets on one blockchain and disburse assets on another. Transaction fees paid by users will distributed along with all other returns. Backers customers will be able to perform swaps with little or no fees.
Asset Rental
We all know that certain digital assets are becoming 'admission tickets' to IRL events, but access to these assets can be inaccessible for most. At Backers, we will be creating the framework so that our customers can 'rent' an available asset from the pool, for a limited duration. An example, might be to rent a "Veefriends" so that you can attend Veecon 2021, or a Bored Ape or Punk to attend an exclusive event, or rent one of our Gen.Art NFTs to gain access to the latest exclusive mint.
What if we fail?
Our funding and budgeting model allows us to develop the platform while never reducing our capital base. If our investment strategies are insufficient to keep up with the demand for labor, or we are unable to deliver on the platform and protocol as expected, the community can "Pull the Rug" on the project. Since we will be the only project that actually RETAINED all of the value that was used to create it, we have the unique ability to end the project by buying back all of the art in exchange for all of the value in the pool, the treasury and operations. We are not here to risk anyone's capital, we are here to create fully resourced individuals and groups, that enjoy the financial freedom to serve those around them, in good times and bad, and outside of the control or manipulation of others. .
Last modified 2mo ago