PURPOSE OF THIS LITEPAPER SETTING A NEW STANDARD We will provide you with more information bit by bit so that you know exactly what you are investing into 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 interested in your safety. This Litepaper 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 count on us to treat you with respect and to give you the information you need to make an informed decision about SSC, before the mint. This is a standard that SSC carries with pride and responsibility. We 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 situation, 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 and 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 will 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 products 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 roadmaps. 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 innovative 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 Revolution BUILDING A CLUB ON CRONOS INTRODUCTION We aspire 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 provide 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 important to say that we are only as strong as our community. Building 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 big 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 Holders the opportunity to connect with the most talented and dedicated individuals 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 allows 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 classical staking, our holders will not be forced to stake their NFT in order to receive rewards but will have this function already included in the NFT smart contract. This means that the smart 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 addition, 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 active writing, but also via the holding time of an SSC NFT. 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 also 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 maintain 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 reflects an access card. An access 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 first must first prove his intention to become an 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 part 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 the 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 should be used exclusively for networking. These functions will be added soon after mint. Further updates will follow. DEEP SEA ANALYTICS – DAY 1 INTRODUCTION As mentioned in the context above, we are currently in an uncertain market with even more uncertain 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. They are accomplishing that by seducing investors with certain terms such as "DAO" and "Staking". 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 is perhaps that there is often a lack of objective, analytical opinions, as people are persuaded to invest by hype trains. DEEP SEA ANALYTICS – SOLUTION Not only will we, in cooperation with consultancies, neutrally discuss various topics and give our holders a compact source of information to learn about sustainable staking systems or DAOs. Deep Sea 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 projects. In these NFT analyses, the most important aspects of the NFT projects will be explained and discussed. 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. Let 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 investment 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). Another point will be the analysis of NFT projects, some of which 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 fundamental general topics – what does a sustainable staking system need? - as well as more complex topics that will be a deep dive into specific topics - 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 project resembles 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 culture 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 this new generation 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 market, 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 founders 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 quality expectations 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 acquire enough 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 expanded and possibly get its own platform. We will keep you up to date. This is only the beginning. SPITEFUL SEA CLUB EXTRA AFTER MINT - 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 community 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 community 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 we 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, as 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 reasonable within our project environment will be considered 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 our Discord where you can compete for even more Cro prizes. Keep in mind this is just a way to continuously show our appreciation for our community, while focusing on building the bigger products. SPITEFUL SEA CLUB
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