SPITEFUL SEA CLUB PURPOSE OF THIS LITEPAPER SETTING A NEW STANDAR D We will provide you with more information bit by bit so that you know exactly what you are investing in to before the mint. For us , this is what distinguishes good project managers from bad ones. Anyone who asks you to invest without first giving you detailed information on the utilities and their production state , is not inte rested in your safety. Th is L itepaper is intended to give you a detailed description of our day 1 products and in addition give you more insight into our mission and vision. This will not be the last info - sheet. You can always coun t on us to treat you with respect and to give you the information you need to make an informe d decision about SSC, before the mint. This is a standard that S SC carr ies with pride and responsibility W e expect our supporters to carry this standard outward , to all other projects. Let them know a new era has just begun. SSC LITEPAPER 2.0 INTRODUCTION CURRENT MARKET SITUATION As you all may have noticed, we are in a bear market This is not only a danger for crypto investors, but also for everyone involved in the NFT market. Many obstacles arise from this market situ ation, which must be treated with caution and preventive measures. Now more than ever, it is imperative to have an educated community that serves as a backbone for the entire NFT market a nd for individual projects. A market will only ever be as strong as its participants. The same principle applies to individual projects – the more support you get from your community, the more you can achieve. We are privileged to have the future of the NFT market on Cronos in our hands. We can create something that wil l benefit when the markets grow back. THE SSC MISSION – REVOLUTION It’s important to mention that we are not a project that creates short term utilities for its holders and then slowly dies after a few months. This club will be a place where we build produc ts for the market together. The market should be expanded and not exploited by our union – that’s our mission. SPITEFUL SEA CLUB The fact that some projects see a raffle or a giveaway as their “main utility” is why the NFT market is still in its infancy. Giving back to your community is an implicitness , that should not have to be mentioned on utility r oadmaps Unlike other projects, we are focused on building actual products. Our holders will gain special perks on every single product we build. In addition to the products, we will design together to expand Cronos, we will of course also design internal utilities that will only be available to our holders. This way, we are not only setting ourselves up broadly and building a long - term foundation for this project, but also contributing to the market, which should be a source of in novative and financial opportunities for us in the future. In conclusion, we will build products with you which will not only benefit us, but the whole market. Building the infrastructure of Cronos is the task of each one of us. We don't want to stay guests on Cronos, we want to become creators of Cronos together with you. In addition, however, we will also develop functions that only you are entitled to access , which will make your investment worthwhile. We are here for a marathon, not a sprint. Join SSC – Join the Re volution BUILDING A CLUB ON CRONOS INTRODUCTION We asp ire to become a club. SSC will be more than just a gateway to special products and utilities - instead, we will make SSC a starting point for the next generation Blockchain community. We want to provid e a platform for our holders to exchange ideas, talk about the latest trends, discuss deep sea content and network. This togetherness is important as our ambitions require a cohesive unit supporting this mission together. Although it is a cliché, it is impor tant to say that we are only as strong as our community. B uilding a network is our focus. Not only do we want to encourage our holders to exchange ideas with each other, but we also want to connect with other projects that think outside the box and have b ig ambitions. We want to offer these projects, whether NFT , DApp or DeFi, a platform to network and show themselves , and vice versa appreciate very much other projects giving us a platform to share our mission. This is not only to give our Holder s the op portunity to connect with the most talented and dedicated i ndividuals and projects on Cronos, but also to give those projects and SSC the opportunity to access a greater audience. To be continued ... SPITEFUL SEA CLUB DAY 1 UTILITY & PRODUCT HIDDEN STAKING – DAY 1 INTRODUCTION This feature a llows us to reward our holders directly from day 1 for holding our NFT without distributing tokens that have no function yet and could jeopardise our project economy in the long run. Unlike classic al staking, our holders will not be forced to stake their N FT in order to receive rewards but will have this funct ion already included in the NFT smart contract. This means that the s mart contract will start collecting 5 XP per day as soon as the NFT is minted. These XP serve the purpose of advancing in our level system. Every two levels you unlock a reward. In additi on, we will have our own bot that extracts the XP information from the blockchain and assigns you your level on Discord via a role. This way we are not only able to assign you a level on discord via ac tive writing, but also via the holding time of an SSC N FT. Some of you may be wondering what happens when you sell your NFT. The answer to this question is that this NFT then loses all XP, and the new owner starts again at level 0. Not only does the seller lose the XP he has collected through this NFT, but als o the rewards, insofar as they have not yet been redeemed or are of a temporary nature. HIDDEN STAKING - INTENTION Behind all our products and utilities is a mission, which is to fulfil a purpose. The purpose behind this function is multifaceted. Obviously, we want to reward those who keep our NFT longer. But this is only the trunk, which brings with it many branches. Probably the most obvious conclusion that can be drawn from this function is to m aintain the floor price as soon as we go public. The rewards you get as you go up the levels reflect at least the investment value of the NFT. Thus, everyone has the incentive to hold this NFT from this single function alone , in theory. However, the idea was rather to secure our project and to create exclusivity. This is probably not the thought that comes to mind at first, but when you take a closer look at our strategy, it makes sense. Our NFT should not just be a jpeg but reflect s an access card. An acce ss card gives you access to something. But we want the entry barrier to our club to be higher than just investing money. That's why we have decided to only open exclusive holder - channels to those who have already reached level 2. This means that someone fi rst must first prove his intention to become a n actual holder in order to get access to this club. Furthermore, we do not give every holder direct access to the voting functions . This is only for those who have already reached level 6. So, anyone who wants to take p art in the decision - making process must pass a kind of loyalty test. Here we protect especially those who have been working with us for a longer time and are more likely to understand the mission of the project. We assume that by the time you reach level 6, you have been with us long enough to understand at least the fundamental mission and vision of the project. Of course, this is not SPITEFUL SEA CLUB always the case, but it is a preventive measure that finds a compromise and excludes newcomers from making decisions for t he project. Now it should be clear that the scalability of this function thus goes far beyond a reward system. HIDDEN STAKING – AFTER MINT This function is to be further expanded directly after mint. We want the XP to be visible not only via discord roles , but also via a website where you can connect your wallet and find your NFT, with an XP bar. In addition, the voting module should be unlocked via this website when you reach the 6th level. Discord should not become a platform for our functions but sh ould be used exclusively for networking. These functions will be added soon after mint. Further updates will follo w. DEEP SEA ANALYTICS – DAY 1 INTRODUCTION As mentioned in the context above, we are currently in an uncertain market with even more uncert ain people. Some of this insecurity is well - founded, but it often leads to fatal consequences. These can be avoided. Not only the crypto market is dominated by insecurity, but also the NFT market has been viewed at with frightened eyes for a long time. This is due to the fact that many projects exploited the "hype" around NFTs and are still doing so for the sole purpose of profit . T he y are accomplishing that b y seduc i n g investors with certain terms such as "DAO" and " S taking". This possibility arises from the still rather uneducated opinion of the NFT community. Often, however, there is simply not enough time to sift through this gigantic market and filter out qualitative projects. Another reason i s perhaps that there is often a lack of objective, analytical opinion s , as people are persuaded t o invest by hype trains. DE E P SEA ANALYTICS – SOLUTION Not only will we, in cooperation with consultancies, neutrally discuss various topics and give our hold ers a compact source of information to learn about sustainable staking systems or DAOs. Deep Se a will also scour the market with the help of selected analysts , who have NFT analysis experience , to give SSC holders weekly updates on the best Cronos project s. In these NFT analyses, the most important aspects of the NFT projects will be explained and d iscussed. We also wish to give crypto updates as we think many of you also invest in these and would welcome weekly updates in this market. However, we want to be careful with this as we are not legally allowed to give financial advice. Le t it be clear that this is only a guide to take you through the key analysis points. In the end, you will have to weigh up for yourself what to include in your invest ment decisions . This applies for both the Crypto and the NFT Analysis. SPITEFUL SEA CLUB In summary, Deep Sea will be your source for general topic blocks, such as staking and DAOs (and much more). A nother point will be the analysis of NFT projects, some of whi ch you will be able to choose on your own. Thus, you will have weekly objective analyses of the most qualitative projects of the moment. Furthermore, you will receive well - founded, technical analyses of the current crypto market. All in all, Deep Sea will save you a lot of time and deliver quality content on a weekly basis. BEGINNER AND PRO FRIENDLY Deep Sea is meant to be a go to for those who still want to educate themselves in certain directions, and a go to for those who are already very experienced in the market and just want a weekly, easy to read update. We will try to explain both fundamenta l general topics – what does a sustainable staking system need? - as well as more complex topics that will be a de ep dive into specific topic s - how to protect stable coins from inflationary movements in currencies in the future? DEEP SEA – INTENTION (AND VISION) We don't want to become just an ordinary NFT project. We have big ambitions and take every step with thought and vision. What we think is the most dangerous for this market now is if it does not start to move forward. An NFT culture where one pro ject rese mbles the next and communities move from one to the other , adding nothing to the market along the way is not a sustainable NFT market , which has a chance to continue existing in the long run. We see great potential in a new product development cu lture in the NFT market. We as blockchain enthusiasts get together, form communities and have the potential to develop creative products that add to the market in the long run. ( If you share this perspective, you are in the right place. ) But to unleash th is new ge neration of NFT projects - to move away from the era where “ Raffles ” are valued as utilities - the infrastructure must first be reformed. The backbone of any infrastructure is education. Unfortunately, this is still very undeveloped in the NFT mar ket, and many inexperienced investors give ruggish NFT projects a platform. The mass of rug pulls, and slow rug pulls only exist because investors buy their products. If this NFT market was characterised by an investor community that had high expectations of the f ounders of these projects, then they would not even try to make rug pulls - because these also cost money. This rug - pull culture insists on the "bigger fool fallacy" - there is somebody stupid enough to buy it. However, if you manage to increase the quali ty expectation s of the market, suddenly all projects are forced to create strong products and utilities. SSC wants to abolish this culture and implement a new one. Deep Sea will give our holders the possibility to be always up to date and to acqu ire enoug h knowledge to be able to distinguish bad from good projects in the future. In the long term, this will not only apply to NFTs, but also to DApps and DeFis. You will be equipped to represent this Club and our mission. Deep Sea will be further exp anded and possibly get its own platform. We will keep you up to date. This is only the beginning. SPITEFUL SEA CLUB EXTRA AFTER MI NT - IMPLICITNESS COMMUNITY WALLET It is deeply important to us that there are mechanisms set in place to give back to our community members and keep our project running. The commu nity wallet is a liquid fund that will be used to undertake community endeavours, give back to members, and build and maintain products. We will soon hold an AMA in which we are looking for ideas as to what we can use the commun ity wallet for. This way, we decide where and how much we want to spend together as a community. We will also be very transparent with you as to how much exactly will be deposited into the community fund. We will prepare an exact estimation for you after w e have an idea where and how much we want to spend in the future. We will determine this together with our core community. GIVEAWAYS , RAFFLES & GAMES Unlike other projects, we don’t see giveaways, raffles etc. as a utility. However, a s previously mentioned, we will still host giveaways & raffles just like other projects – yet having our focus elsewhere. Our giveaways will mostly entail Cro & whitelist spots. On occasions, we might even give away a full NFT. Raffles, on the other hand, will be more flexible. We do not shy away to give back and listen to our community. Everything reas onable within our project environ ment will be consi dered for a raffle. While giveaways will be held on Twitter and Discord, raffles will be held on an external website. In addition, we will also host games in o ur Discord where you can compete for even more Cro prizes. Keep in mind t his is just a way to continuously show our appreciation for our community, while focusing on building the bigger products