🚶Step-by-Step Growth Strategy

So how will this project get off the ground, get funded, operate, and work in detail? It’s a quite simple multi-step process that we’ll be going into shortly.

Step 1: From Initial Idea to Digital Artifact

The first step was the initial idea creation and having a trained DAO operator with experience in nearly a dozen different DAOs to write take the idea from conception to a tangible and workable digital artifact.

Which is what you’re reading right now!

Step 2: Building the Website and Designing the NFTs

The next step is to hire a web developer to build a top-of-the-line aesthetically pleasing and functional website. This website will be the key access point for the marketing and distribution of the community. It’s step 2 because it will be an invaluable asset to the launch and construction of the DAO. It will be the go-to place where people will be able to read in a few short lines what the community is all about, how it runs, how to join, etc.

The website will link out to the NFT crowdfund (check out Step 3 below). There will also be easy to navigate links where website visitors can buy/stake tokens, read the whitepaper and other project docs, see the roadmap and the projects that are currently in progress, read about the team members, find our social media pages, and read frequently asked questions from people in the community.

The cost of this will come from the initial crowdfund and costs will include the costs of hosting and purchasing a domain name (the average cost of hosting is $15/month and the domain is $20-50).

Then we’ll pay a developer to build the website so that it can integrate with all of the relevant Web3 DAPPs and so that it’s fully functional for the Web3 ecosystem. Ideally, this developer, versed in Web3, will have the adequate knowledge to mint our phases of NFT tokens (see step below) and integrate them into the website that he builds.

Step 3: NFT Crowdfunding

The next step after the initial whitepaper and business model is documented to launch an NFT crowdfund. This will fund the initial treasury which will then be used to mint the tokens, determine the price of the initial tokens, begin funding bounties for various projects in the ecosystem and getting the community up and running.

There will be 3 different tiers of NFTs with varying degrees of rarity and priced as such.

For the first tier, we’ll mint 3-5 NFTs all priced at 1ETH.

For the second tier, we’ll mint 25 NFTs all priced at 0.25ETH

For the third tier, we’ll mint 100 NFTs all priced at 0.05ETH

The entirety of the ETH raised from the NFT crowdfund will go straight into the treasure in order to fund the bounty for the creation of the tokenomics of the community and to create bounties for marketing, distribution, community management, developers, and product development. The initial funding is what’s going to get the ball rolling in terms of high-quality Web3 talent coming into the ecosystem and co-creating the vision that we’ve laid down here on this whitepaper.

We’ll host this crowdfund + a token crowdfund on Mirror as this feels like the most well-equipped tool for launching a token/NFT crowdfund in the current ecosystem of Web3 tools.

Step 4: Minting $RISE Token

The next step is to mint the initial treasury of $RISE tokens. When the initial treasure has been minted this is the official start of the DAO. There are now tokens in existence.

This token will be housed on the ERC-20 protocol, after which anyone with a non-custodial wallet will be able to import the token and purchase/trade the token on the Ethereum mainnet.

Step 5: Setup Democratic Governance Structure

(See How it Works)

Step 6 & Beyond: Development of Coinflip Game

As the DAO grows and the treasury has the capacity to fund larger projects, we’ll develop a Coinflip Game. Doing so will increase the structural integrity of the organization by decreasing reliance on third-party platforms like the P2E games that the community is reliant upon.