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# System prepended metadata

title: RaveDAO Litepaper -- Initial Concept

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# RaveDAO Litepaper -- Initial Concept 

## Introduction 

RaveDAO will be a decentralized autonomous organization (DAO) founded for the purpose of utilizing blockchain and NFT technology to build blockchain agonistic platforms that will allow musical artists, venue owners, and ravers the chance to create “experience NFTs” and connect with customers on a global scale without the risk of deplatforming, control, or intervention by centralized corporate entities or the banking system.

RaveDAO will seek to establish an “experience economy” focused on live music events by establishing a suite of NFT products built on decentralized platforms throughout the blockchain space. Musical artists/performers, venue owners, and ravers will have the opportunity to creatively tokenize and monetize their performances/experiences without the need to be subject to the authority of any centralized platform or banking authority. Artists and venue owners will have the ability to tie benefits they define to the NFTs they make through RaveDAO -- benefits such as VIP status at events, discounted ticket pricing, etc. Ravers will have the opportunity to market and monetize themselves and their experiences at live music events.

Our goal is to empower musical and performing artists, ravers, and venue owners with the ability to create content and freely engage with customers while removing centralized corporate entities and banks from the equation.  

The $RAVE token will be distributed fairly via two methods: digital airdrops and physical IRL claiming connected with RaveDAO partnered music events. Musical artists, venue owners, and ravers will have the opportunity to “physically claim” $RAVE tokens through performing, hosting, or attending events that partner with RaveDAO. Digital airdrops will be distributed through a whitelisting mechanism that will be available to all people. 

## Tokenomics and Distribution

Original $Rave Distribution
- Total Supply: 990,000,000 $RAVE tokens
- 90% of $RAVE distributed via digital airdrops and physical IRL claiming @ RaveDAO partnered events 
    - 40% of this allocation to be distributed through whitelisted digital airdrops
    - 60% of this allocation to be distributed through “physical claiming” which will be available to musical artists, venue owners, and ravers who perform at/host/attend RaveDAO partnered events
- 10% of $RAVE held by RaveDAO Treasury for development
- All LP will be community funded

## Initial Products 

The RaveDAO will be based on an “experience economy” featuring experience NFTs created at live musical events by three categories of people: musical/performing artists, ravers, and venue owners. 

Musical artists will be empowered with the ability to tokenize their performances as NFTs and sell these tokens on the RaveDAO. They will also be able to create any other type of NFT content connected to their live performances and bring these NFT experiences to the RaveDAO for customers to purchase. Artists will be encouraged to invent creative added value incentives connected to being a holder of their RaveDAO NFTs.

Ravers will be empowered with the ability to tokenize their experiences at raves as NFTs and sell these NFT tokens on the RaveDAO platform. These experiences can include anything from ravers modeling themselves or their friends, to fun moments at the rave, to whatever else they can creatively produce while at a live show. 

Venue owners will be empowered with the ability to tokenize anything that takes place at their venues during RaveDAO partnered events as NFTs and sell these NFT tokens on the RaveDAO platform. Venue owners will be encouraged to invent creative ways that will give their NFTs added value -- for example, a venue might release 10 NFTs (or more) tied to one event and declare the owners of these NFTs to be permanent VIPs at their venue so long as they remain a holder of a one of these NFTs that grants this status. Alternately, a venue owner might release a collection of NFTs that grants holders a discounted price on alcoholic beverages, or ticket prices, etc. 

The RaveDAO will also feature weekly curated content selections for Artist, Raver, and Venue of the week to highlight the creativity and potential of participants in the RaveDAO ecosystem.

## RaveDAO Payout Structure

90% of all NFT sales will be paid out to RaveDAO creators, 10% will be paid out to the RaveDAO treasury for maintenance and development of the platform. Content creators in the RaveDAO ecosystem with a designated amount (currently TBD) of $RAVE will receive 97% of the NFT sales while the RaveDAO treasury will receive 3%. 

## The Rave Shop

The Rave Shop will be RaveDAO’s open NFT marketplace. Creators (musical/performing artists, ravers, and venue owners) will be able to mint and sell their own NFTs after meeting age verification requirements.

NFTs purchased through the Rave Shop may also be resold on the Resale Marketplace. Any sale of content will automatically be sent to their minting address at the point of sale. 

## Referral Program

If a creator was referred to the RaveDAO platform, they may choose to list the wallet address of the individual that referred them during the application process. If a creator signs up with someone’s referral link, this address is automatically filled for them.

The referrer will earn a portion of the RaveDAO platform fee in a tiered system based off of their $RAVE token holdings. The referrer’s address will receive their percentage every time a sale occurs without a cutoff date. 


