For the inception of the protocol, and true to our mission to fund creatives, we announced an Initial NFT Offering which was the first part of a two-part Fair Launch strategy, and aims to distribute supply of BLKD as fairly as possible among our early on-chain supporters and supporters of Black and African builders across Web3 alike.
By participating in the minting of Abstract Diaspora Club (formerly ‘Friends of Basquiat’), users can secure a bag of BLKD, at initial price discovery, in a non-competitive environment. The primary sale is conducted through custom contracts created and facilitated by our friends over at Nervous Net. This sale will not only allow for an easy way to conduct a presale to bootstrap the protocol’s liquidity, it’ll also help us identify our earliest users and adopters. NFT holders will also be the first beneficiaries of the rewards and additional permissions offered through our DeFi arm.
"Friends of Basquiat" is now "Abstract Diaspora Club"
Abstract Diaspora Club Overview
As our first NFT collection, we will focus on honoring one of the most prominent and highest selling, post-mortem, Black painters and artists of all time, Jean Michael-Basquiat, in collaboration with Animation artist, and musician HighWestHus.
These generative pieces will include elements inspired by his signature style of abstract expressionism, while also including attributes representing diversity and inclusion. Effectively giving our platform an aesthetic identity outside of our economic structure and mission, while also providing initial liquidity to treasury and LPs.
The primary sale is conducted through custom contracts, created and facilitated by our friends over at Nervous Net. This sale not only allows for an easy way to conduct a presale to bootstrap the protocol’s liquidity, it also helps us identify our earliest users and adopters. NFT holders are also the first beneficiaries of the rewards and additional permissions offered through our DeFi arm.
Mint Price: 0.05 ETH
No Whitelists No Private Sale
No Discord Grinding
After the presale period has passed, remaining primary and secondary sales will continue to be immediately deposited into the Treasury. Allocation of those funds will be subject to governance. Similar to popular art generating reserve currency projects, such as Squid DAO and NOUNS, this collection aims to bring a stream of revenue to our DAO’s treasury, and support our commitment to funding Black and African creatives. In addition, these tokens will act as non-inflationary tools and an effective alternative to excessive rebasing tokenomics.
The Primary Sale Allocation:
10% - The Artist
10% - Nervous Net
10% - Team & Partnerships
70% - Treasury (SLPs)
Users will then be airdropped BLKD tokens once the protocol is deployed to mainnet. While the pre-sale period will only last a week, mint will be ongoing until the collection sells out. Once the presale is complete, additional primary sale allocations will be subject to governance. Again its important to note that the NFTs will also act as a signifier of our platform's earliest supporters which will lead to future rewards and permissions within the ecosystem.
The majority of contributed ETH will then be paired with BLKD tokens in our treasury and added to SushiSwap Liquidity Pools (SLPs). Note that once added, liquidity tokens will not be removed from the LP pools and will be locked in perpetuity in the Treasury.