# Opolis

# Summary

We think Opolis is worth an investment. Opolis has a proofed product-market fit and a founder with profound knowledge in this market. They have a queue with costumers.

Tokenomics has weekneses, most out of regulator reaons.

Martin:

My most secussfell investment in crypto has been because of my personal needs. Crypto is at the forfront of innovation and if we use a product, then rest will follow.

Best sing for a product market fit is demand

## Links

**Tokenomics**
https://docs.google.com/document/d/1YzkD9wtPLFB38xLSbySkQVWiwOkgk_5Hg61fRpdTDl8/edit
**Pitch-Deck**
https://docs.google.com/presentation/d/1qRDYVOZiqRAQ_FvikgYYWgWXc9F3EHakEbzZH4UaVKQ

**Outdated Tokenpaper**, but has some additional charts
https://commons.opolis.co/tokenpaper/

## Analyses


### New Deal


### Old Deal, as reference

### Diffrence % wise


Screenshot from here: https://docs.google.com/spreadsheets/d/17q5qYhsy0g8onj58kldwf8cajjVnwsm8r_Io4u9ZfmA/edit?usp=sharing

Vesting:


Total with payrool-mining, for average 100K sallery, 10'000 costumers are needed to generate 1000 M ACPV:

From https://commons.opolis.co/tokenpaper/

Whats wrong here is, that 20% of the 300M will hit the market on launch. But in the updated tokenomics this kind of chart is missing!

300'000'000 $Work token at start

- Tier I investor pay ~2$, so FDV Mcap is 600 $M
- Tier V investor pay ~0.4$/$Work, so FDV Mcap is 120 $M

50'000K investment is 0.00821% of token (25000.0/300000000)

250'000K is 0.2% of token (616314.0/300000000)

**From old tokenomics:**

Investors hold 10.3% of the 300M token.

Who has got the 10.3% in this chart? (Which entry price for the token have other investors?)

**From new tokenomics**

Investors hold 10% of the 150M token now, the rest is commons treasury? So its only 5%, not 10.3% like in the old one.

src: Page 16, pitchdeck

## PRO

* Product Market Fit
* Running System with existing costumer
* Very costumer focused - voting right mainly for member/costumers
* Member will be owner
* Token can be stacked and thus mitigate dilution
* Is a natural partner for some of our members
* Has a market beyond crypto
* Narrative is good

## CON

* It very much a bet on John, this is the biggest single risk
* Regulatory issues add complexity to tokonomics
* Tokonomics is very complex/fixed and may be difficult to change
* Token is a voting token with revenue rights but voting rights and revenue are limited to members.
* No cap for tokens, but grow will be lower on success
* Technological implementation may be harder then opolis thinks

* Growing Pain

* Tokenomics can be and will be changed

- Multiplier is bad:
If you invest 50K you get the same amount of token vested over 4y like somebody with 250K will get from the start, unvested.
So 250K investors have a 1/5 cheaper price (0.4) and get the same amount of token like a 50K investor unvested. Selling this token if the price goes up to $1 is very likley.

## DXdao

One problem I see is that we don't have a treasury management. So assume we invest 50K, we get 20% of it unvested.

We pay $ 0.24 per token, price shoots up to 1$, because low liquid and good narrative. Until we processes this information and have a decicion the market will be down again. Also if we sell this 20%, we should not sell them at once, but DCA out. We can't DCA.

## My personal take

We may invest, but only 100K and ask on a 5x mulitplier. (If there is a possible deal)

Biggest Risk: John having a accident

## Question for Opolis

- Is it true that investors can't get staking reward and will be diluted in the process of staking and payroll mining.

Investors do have staking rights.

- Investors do not have voting rights, nor revenue rights with their token?

Investors do not have voting rights.

- Token is free tradable, (but has limited value because only active members of the commons have voting rights and revenue rights)

Its open to trade

- What kind of equity do we hold, do we have voting rights on opolis inc? Is it a stock? Can we sell this on a open market?

We may sell the equity to the commons

- Is there a point in the futur where we could get the equity replaced by token? How would such a process work?
-
- The DXdao lives only on-chain, how can we hold the equity? How are others doing this?

We can do it on-chain.

- There is no absorber in the tokenomics. Token amount will never shrink. As long no revnues are distrubuted (to tokenholders and members)

- How a change of tokenomics works, how is he process there?

stewards propose

- How is the timing? We need time, somewhere in the docs genesis is 15.April!

We still have time.

- On what other investors did have access to token, with 100K the price is $0.8, 50K $0.4

Not answerd

- Do we have room for a deal? (No)

- Commons vs opolis inc if revenue?