YeetPixels White Paper.pdf - YeetPixels Community Collective

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Yeet Pi x el s Crypto's First Community-Created, Community-Controlled Canvas Yeet Pi xel s The Idea YeetPixels is a planned community- Millions of people can viably come owned art space that promotes user together one pixel at a time and engagement by allowing people to contribute to a community-realized purchase rights to change a small part image. The canvas will always be of a community-owned canvas, one changing, and users can take a pixel at a time. ?snapshot?of the canvas at any time they wish to capture the state of the YeetToken is not a non-fungible token canvas at that instant. In that way, (NFT), it is a right to contribute. NFTs everyone will have the ability to traditionally link a piece of art, capture a unique image that is in-game asset, or music to a ?token?, unlikely to ever be reproduced given functioning similar to a proof of the dynamic nature of the canvas. purchase. Actual ownership of that work through copyright privileges are Further, communities will be formed rarely, if ever granted. around the canvas by allowing users to create their own chat rooms to plan Conversely, YeetPixels is not linked to meta images on the canvas. any specific item, but rather it is a right YeetToken is a community-owned to contribute to community-owned token, and we plan to continually projects. The first application of create use cases that prioritize YeetPixels will allow owners to community first. change the color of individual pixels in a predefined space. Page 3 In 2017 as an April Fool?s joke, many people banded together to Reddit released a community called preserve meta images by forming / r/ place. It evolved into a social new subreddits with the purpose of experiment over the next 72 hours as ?metaplaying?the game of painting Redditors were given the power to specific areas with coordinated pixel change individual pixels of an overall art, flags, and memes. Interestingly, image. However, once a pixel was certain factions created groups that changed, that pixel was locked over a were almost nihilistic to the canvas set period of time before it could be either through the ?black void?or ?blue changed again. This locking mechanic corner?, similar to a virus with only one provided some temporary perma- objective: to replicate itself and nency to the canvas, albeit only for a spread. short time. Overall, the experiment was a success Over one million users edited the in researching community interaction canvas of approximately 16 million and cooperative engagement despite tiles and no one user had unilateral anonymity and the minute impact any control over the space. It was through one user had over the canvas. this community space that users were able to create extremely detailed, though short-lived pictures. However, A snapshot of the /r/place workspace during its three-day life. Yeet Pi xel s Project Outline YeetPixels will be a community-driven digital asset that allows users to change individual pixels on a canvas. Thus, giving them communal control over the entire digital asset. YeetPixels will be sold in exchange for YeetToken on the YeetToken website. For each pixel purchased, users are granted control over changing the color of the pixels within the canvas. Once a pixel has been changed, that user will be locked out for a certain period of time before they can change another pixel. People will be able to purchase multiple pixels and have the right to change a number of pixels during the lockout period equal to the number that user owns. However, as a user changes more pixels on the canvas, the lockout period will grow and essentially cap the influence any one person has over the canvas. The image is for the most part self-moderating because any user can change any pixel as long as they own YeetPixels. W hile the YeetToken staff will monitor the health of the canvas, the canvas largely will be untouched except for by the collective hands of the community. As shown with Reddit Place, racist or unwanted images were demonstrated to be quickly removed by all users in the social experiment and so we feel that moderation of the canvas will be done by the entire community. An artist's canvas is eventually perfected, and while that artist may repaint areas, there is an expectation that eventually a finished work will be produced. Similarly, YeetPixels canvases may generally become more static over time as the community "agrees" on the final work by either maintaining the meta-images within the canvas, or disallowing new ones to take root. Therefore, over time the YeetToken staff plans to introduce new canvases as an old canvas becomes too static. We do not plan to ever "freeze" a canvas as we believe that canvases should be forever dynamic, but we acknowledge that as more purchasers of YeetPixels join the platform, those new entrants may wish to contribute to a fresh canvas that is less static. Page 5 "Life is a gr eat big canvas; thr ow all the paint you can at it." - Danny Kaye concept art, does not represent final product We plan to have canvases that are envision rooms such as "Doge" or unique to specific themes. For "Red Spread" that may focus on example, one canvas may be the recreating the Doge meme on the letters YEET spelled out and only canvas or spreading red throughout the pixels that make up the block the canvas. text of YEET are allowed to be changed. Given we plan to release additional canvases in time, a cap on total Community building is another pixels sold for each canvas will be objective of YeetPixels and we plan set to give every canvas a form of to implement full chat functionality exclusivity. within the platform of the canvas. Drawing from Reddit Places, that This exclusivity can be used to experiment spawned new improve the utility of YeetPixels. communities that arose to meet Following the initial launch of the certain objectives on the Place platform, we plan to launch a canvas. secondary exchange that will allow users to sell the pixels they've Much in the same way, we want to bought for a canvas. This will provide chat rooms where users can provide users a marketplace to buy work in tandem and form bonds and sell YeetPixels after the cap on a over projects on the canvas. We canvas is reached. Yeet Pi xel s concept art, does not represent final product Integration with YeetToken As more people buy into the market of YeetToken, creating multiple levers to drive healthy inflation of the token will help it maintain sustainable growth. Since the developers of the contract have relinquished ownership, the contract itself cannot be changed. Therefore, other avenues to maintain the health of YeetToken should be explored. YeetPixels can be used as one means of regulating the supply of the token as a portion of the purchase price of YeetPixels can be diverted into a burner wallet, thereby forever removing that currency from the money supply and in turn increasing the value of individual tokens. The mechanics of the token's liquidity pool provide 4% reflection to the liquidity pool and 2% redistribution to all holders based on number of YeetToken transferred in each executed trade. Therefore, YeetToken holders will always have an increasing supply over time, while contributing to a strong liquidity pool and paying "dividends" to holders. Page 7 Transactions for YeetPixel provides YeetToken with a counterbalance to the unchangeable, eternal mechanics of the original contract. The intrinsic value of the token should in part be affected by the use cases and innovations borne out of YeetToken's community. Therefore, as individuals buy YeetPixel with YeetToken, a portion of that transaction price will be transferred to a burner wallet similar to a stock buyback, which enriches all holders of YeetToken. Separately, a portion of the transaction price for purchasing YeetToken will be allocated to the staff operations budget. We recognize that marketing and development is crucial to the longevity of YeetToken and using sales of YeetPixel in part to fund such a budget will allow the staff to further expand on the potential of the token and create new community-based innovations in the future. Monetary Objectives Use YeetPixels as a means of controlling money supply 1 that is easily understood and rewarding for investors. Provide capital infusion to ongoing research and 2 development as well as marketing efforts to invent new cases and expand branding and reach of YeetToken. Yeet Pi x el s Roadmap Phase 0 - Prel aunch - Q2 2021 - Organize the back-end and front-end development teams and project leads. - Code and design the canvas workspace. - Develop chat channels space and functionality. - Create account tools to link users and wallets to their YeetPixels purchases and balance. - Create primary marketplace for sale of YeetPixels. - Testing the board for scalability and stress testing platform. Phase 1 - Launch - Q3 2021 - RELEASE FIRST Yeet Pi x el s CANVAS - Review all systems for optimizations and fixes. - Expand marketing efforts to highlight YeetPixels and pursue press releases in major technology and social media publications. - Monitor traffic and analytics and make adjustments to back-end to accommodate user traffic. - Receive feedback for UI/ UX improvements to be developed. Phase 2 - Post l aunch - Q4 2021 - Release second canvas. - Launch secondary marketplace for buying and selling YeetPixels. - Add UI/ UX improvements to canvas workspace and chat rooms. Yeet Pi x el s Coming Q3 2021 Contents property of the YeetToken Community Collective Copyright 2021