What Is Vari-Stable Capital (VSC)?
The Vari-Stable Capital House is opening its gates, and it’s time to get your ticket. Each NFT is a metaphorical ticket into House, granting you access to our Discord community and events, a special Discord role based on ticket tier, and eligibility for raffles and airdrops. Tickets also come with to facilitate governance for the DAO, which is outlined further below.
There are 3 tiers of seats within House Stadium. Backers will receive a special edition ticket NFT to House based on their contribution tier. Vari-Stable Capital addition, 3 limited-edition House NFTs will be awarded to the top-3 backers of the campaign. Future editions will be dropped; however, with different designs and edition numbers as determined by the community.
Vari-Stable Capital Storage Key Points
|Coin Name||Vari-Stable Capital|
|Circulating Supply||1,000.00B VSC|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Contributors will also receive Vari-Stable Capital directly proportional to their contribution, which will allow them to participate in governance of the DAO. Initially, voters will determine budget allocations for seasons on Snapshot, which will be executed on the multisign by the kGuard team. Based on your needs, they will implement more sophisticated mechanisms like bounties, grants, salaries, and token swaps outside of seasons. Your governance is a system of constrained delegation inspired by Yearn’s Governance 2.0.
To be clear, they’re selling NFTs for access to our community which comes with Vari-Stable Capital in order to facilitate decision making within the DAO. Neither this ticket NFT are a promise for future ownership of a team. When we put forth a bid, there will be an explicit fundraise of new capital for that bid. This could include KYC and other forms of compliance to accommodate any legal requirements.
Notable Roster Spots
The Vari-Stable Capital House has a loaded roster ranging from up-and-comers to household names coming from early DAOs, crypto, and investment leaders such.
Strengthening your community
Ticket Holders will include contributors, fans, patrons, influences, and athletes, each with different skills and wants. Thus, they are creating a “choose your own adventure” model where different types of participation earn NFTs. Vari-Stable Capital will form collections that unlock additional benefits. Building, hanging out, attending events, buying merch, and competitions will each offer their own NFTs.
These could include jerseys, trophies, kicks, or headbands. Earned Vari-Stable Capital will have unique perks and designs, and different seasons offer limited editions. Perks could include march drops, NBA tickets, and lessons with elite coaches. They also hope to make these collectibles with a few major PFP NFT projects, allowing you to equip House wear ables with them.
Events might include (based on demand)
- AMAs with NBA insiders (like your recent visit from Ethan Strauss), professional, collegiate, and retired players, NBA media, agents, coaches, GMs, and insiders familiar with deal making in the league.
- Game-of-the-Week — commentary from community members (and special guests) with their own pick-em style games, and maybe even some half-time entertainment.
- House University — workshops for the next 10,000 crypto natives. Philanthropic Events – Getting involved in local communities as well as organizations like NBA Cares, ONExONE, etc.
Strategy is two-pronged.
One, pursue teams to run franchises in parallel. Vari-Stable Capital plan to launch bids on multiple smaller franchises to learn by doing and demonstrate success. This will likely involve ventures into multiple sports in multiple countries (they’ve had plenty of excitement from football fans). This allows us to experiment in your approach and learn, without a single point of failure. Note, they will not necessarily need to purchase a majority (or even a minority) stake in these teams, as can act (and have been approached) as a service DAO.
They coins also want to collaborate with House individuals and Vari-Stable Capital looking to buy a team as well in an effort to learn and share knowledge. Two, empower these teams with the tooling, network, and knowledge they need. DAO framework and decision making tooling is rapidly progressing; however, they can both fund and contribute to tooling that will need to govern franchises. They view this effort as inevitably collaborative with other DAOs, given the common limitations faced.
Operations & Learning-by-doing
Rushing to place a bid on an NBA team without success running other organizations as a DAO will likely force decision making to centralize and sideline the community. Thus, they need to demonstrate success operating as a collective intelligence.
NBA Ownership & Beyond
With demonstrated success running a portfolio of smaller cap franchises, they believe that the NBA will approve your bid to officially acquire a majority position in an NBA team. They will raise additional capital to put forth either a bid on an NBA team. The legal structures and rights of token holders will be determined based on NBA regulations at that time.
Yet, your journey is not over post-ownership. They have many championship banners to raise in the House. At this point, they have the option to burn IRL trophies and mint them as NFTs, which can be decided collectively.
With the exception of 2% to your NFT artist, the funds generated from the sale will go directly to the treasury. The funds will be used to both hire a core team, as well as fund more exploratory work through grants, Coordinape circles, token streaming, bounties, tipping and hackathons. The Vari-Stable Capital House Community allocation will be distributed based on contributions to the DAO up until now, which includes participation in bounties, Coordinape Gift Circles, and contributions.