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# System prepended metadata

title: Buddha Labs NFTs Whitepaper

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# Buddha Labs NFTs Whitepaper
## Official Website to Mint www.thebuddhalabs.com
* **Roadmap**
* **Introduction**
* **Phase :1** Build the Community
- [ ] Early Mint
- [ ] Public Sale
- [ ] Opensea
- [ ] Establish Community
* **Phase :2** Build the Utilities
- [ ] Buddha Coins
- [ ] Buddha Swap
* **Phase :3** Build the Metaverse
- [ ] VR platform
- [ ] Mobile App
- [ ] Web Space

## **Roadmap**
### Phase 1: Build the community - Q2 2022
- [ ]  @100 MATIC mint to grow Community
- [ ] Establish social media presence
- [ ] Recruit Moderator
- [ ] Build Buddha Labs NFTs smart contract
- [ ] Pre-sale
- [ ] Public-sale
- [ ] List on Opensea
- [ ] List on Rarible
 
### Phase 2: Build the Utilities - Q3 2022-2023
- [ ] Build Buddha Coin smart contract
- [ ] Establish yield Ratio and launch process
- [ ] pre-sale Buddha Coins
- [ ] list Buddha Coins on DEXes
- [ ] Buddha Labs NFTs holder to claim their Buddha Coins
- [ ] List Buddha Coins on 1 Major CEX
- [ ] Launch Merchandise Hoodies, T-shirts, Pillows, Stationaries etc.

### Phase 3: Build the Metaverse - 2023
- [ ] Build Mobile App Wallet For Buddha Coins
- [ ] Build Mobile App social gaming features for Buddha Labs NFTs
- [ ] Establish foundation, technical work for VR platform




#### **Introduction**

Buddha Labs NFT is a collection of 10,000 uniquely and randomly auto-generated Buddha who have turned Buddha into different species, including Red, Blue, Brown, and White. Each specie has a different rarity level and Stacking Power.

![](https://i.imgur.com/eyiEGmU.gif)

Our indestructible team all works for the largest innovation for bringing the best financial freedom for the Space, you most likely feel excited to be a part of our assets creations. Buddha Labs NFT is not just any JPEG NFTs Project. We aim to push the financial assets boundaries of decentralized blockchain and NFTs by Building Assets around Buddha Labs, in which owners of Buddha NFTs can interact with one another on the Web & the real World, transact with Buddha Coins as a Space Currency, get rewarded through Buddha's meet & greet, Utilities, Merchandise, etc. for holding Buddha NFTs. The possibilities are endless in the Buddha Labs Space. Each Buddha NFT is a key allowing the Holders to enter the space we are building.





**This Whitepaper outlines 3 phases we plan to reach our goal of building a Buddha Labs Space, Web & Merchandise.**

# Phase 1: Build the Community
This is the most important Phase and where people can mint at 100 MATIC as early Minters. Also, this early minter will have the maximum advantage of the project from the get-go. For any project to succeed, it needs a strong and supportive community that shares the same vision of the project.

## Lowest price Mint

It all started when we launch the early mint in mid-April 2022 to offer the lowest price Mint for all 10,000 BUDDHA if they mint in the first few months. All the early minters will also be rewarded with a buddha token for the utility market. It was a harsh start but as the community grows as gets to know the project more will be in line. Also, our Discord community  [Discord invite](https://discord.gg/zezdsknNWK/), all shared the same excitement for our roadmap and long-term vision. We knew we had a winner in the making.

## Public Sale

Our team is going to work to deliver a successful public sale where we would sell out 10,000 BUDDHA in a few months. Buddha Labs will blow up on Crypto [Twitter](https://twitter.com/_buddhaLabs) where we will see huge trading volume on Opensea and over 10000 members will be joining our Discord community. Buddha Labs is also active on [Instagram](https://www.instagram.com/_buddhaLabs/) where we post continuous updates.

## Opensea

It is smooth sailing on Opensea without any hurdles. More the Mints are out more Buddha would be visible on Opensea. We are proud and honored to be a part of this community.

## Etablished Community

Through the Opensea, we believe, We will be achieving the goal of phase 1 by building a tight-knit and growing community with the target of over 10000 members who can stand together to overcome any adversity? Next, we shift our focus to phase 2 to build the utilities.


# Phase 2: Build the Utilities
NFT arts are just the abstraction UI layer on top of the intangible value of the project/community such as early mover advantage (Crypto Punks), exclusive membership and cultural movement (BAYC), subjective artistic value (Beeple), utilities leveraging decentralized blockchain technology to provide value to holders, etc.


The intangible values aforementioned are what determine the floor price of such NFT project. BUDDHA NFT focuses on providing added value for our holders through Utilities.

## BUDDHA Coin
BUDDHA Coin will be the first utility to be introduced as the currency in the BUDDHA Merchandise & Web. It can be used to transact within the market to interact with the contracts for future features, tip a mod or members for their good work or contribution, and swap for other Polygon ERC-721 tokens on decentralized exchanges.
BUDDHA Coin is not only a utility token but also a governance token of the BUDDHA Stores and events, the more BUDDHA Coins you have, the more authority and influence you have for future roadmap and features.

## NFT Passive Yield
Each BUDDHA NFT token passively yields BUDDHA Coin since the block time of BUDDHA Labs' last 10,000th token minted in the public sale. The rarer species your BUDDHA is, the more reward it will yield.
This is an NFT utility breakthrough combining the benefits of both Non-fungible Token and Fungible Token to reward BUDDHA Labs NFTs holders.
Our advanced & state the art BUDDHA Coins smart contract will be built with a cross token type bridge so BUDDHA Coins can validate requests and verify ownership of BUDDHA Labs NFT even though they are 2 completely different protocols and token types.

**BUD:** Your BUDDHA NFTs have been yielding BUDDHA Coins from the very beginning.



`More details on yield rate on BUDDHA Swap Documentation: will be uploaded as we hit our road map`

## BUDDHA Swap

The first advanced DEX with NFT focuses on combining Defi + NFT in 1 platform providing liquidity not only for BUDDHA Coin but also all other blue-chip tokens on, a Polygon Layer-2 blockchain that is a high-throughput, scalable, and future-safe platform, with low transaction costs for the users.

**Features:** 
*	A simple and intuitive UI
* High-speed decentralized trading with low fees
* Ability to swap and provide liquidity with Polygon tokens
* Liquidity providers incentivized for farming and staking in governance token BUDDHA Coins
* NFT auto staking.
* NFT lending and leverage (planned)
* BUDDHA BUILD program to bootstrap and help launch NFT project ideas from Buddha Labs NFTs community members (planned)

**More details on how to swap for the BUDDHA token will be out as we hit the Road map.**

# Phase 3: Build the Metaverse
Ultimately, we want to build the  Metaverse where Mutant Punks owners can come to interact with each other and feel as real as possible instead of chatting on Discord. Members can build a virtual Mutant world together and transact using Mutant Coins to buy goods and services in the Mutant Punks Metaverse.
Also, we will be building the Buddha Labs Merchandise where BUDDHA NFTs owners can trade with Buddha Coin and feel as dope as its gets. Members can visit a virtual BUDDHA world as well as real stores together and transact using BUDDHA Coin to buy goods and services in the Buddha Labs Merchandise, Parties, Meet & Greet, and Web.

`“We’re also exploring new types of ownership models and entitlement to ensure people feel confident that they own something. This will make it easier for people to sell limited edition digital objects like NFTs, displays them in their digital spaces, and even resell them to the next person securely.”`

Holders can use their Buddha NFT as a key to enter the Buddha Labs Metaverse in VR World. You can be anyone you want to be behind the Buddha Labs persona avatar once enter the Metaverse.

The relationship can be formed in the VR world and you can even get married, and breed a baby to have another baby Buddha NFT. You can go shopping with Buddha amigos & pay for clothes using Buddha Coins. You can ask for helps with homework or work assignments where another Buddha is willing to help or motivated to be hired and paid by Buddha Coins. All activities are of courses permanently recorded on the blockchain.

Imagine all the possibilities you can do with your Buddha in the VR world as one of the Best NFT projects to be featured in this VR system. Below is what has been revealed about this VR platform.

## Mobile App

While we wait for the VR technology and the next computing platform to mature and support NFT, we plan to initially build Buddha Labs Metaverse with today's technology, that is on the mobile OS.

The plan is to build a mobile application on iOS and Android to seamlessly integrate with Buddha Labs NFT and host as a wallet for Buddha Coin. The app could allow you to spend Buddha Coins at the merchant that accepts Buddha Coins just like Google Pay. The app would also have social gaming features enabling Buddha NFTs owners to join an online multi-player game quest for raiding or solving a puzzle while chatting with your Buddha avatar.

###### tags: The possibilities are endless in the Buddha Labs Metaverse.