SniperDAO WHITEPAPER V1
1 - Introduction
SniperDAO is a project that aims to benefit the community by sharing the profits generated
from
various operations in the cryptocurrency market.
The essence of our project lies in revenue distribution among project investors, with a
primary
focus on the "snipe" operation, where a tool(bot) is employed to be one of the first buyers
during
the launch of a target token.
2 - Team Structure
The core of SniperDAO is its team, composed of:
- Operators: who define a target and execute the entire
operation using tools developed by the programming team.
to the project.
- Ecosystem Development Team: the main goal is to research, create,
and enhance tools that will be useful for the project. This team will have research funding,
with
resources stemming from a portion of the profits generated by treasury operations.
The team's objective is to bring profits
3 - Governance
SniperDAO's governance is community-driven. We recognize the significance of each member, and
thus,
the project team aims to put important decisions regarding the project's direction up for a
vote.
The community is encouraged to vote and contribute valuable suggestions, all of which are
executed
with transparency.
4 - Treasury
For the sake of organization and security, the project's funds will be distributed across
various
wallets, each representing a specific purpose. Everything will be presented with
transparency.
Funds related to operations will be distributed among the wallets of the operators, with each
operator having their own unique wallet. The project will also include a wallet for
emergency
reserves, another for profit distribution, one for buybacks and liquidity addition, and yet
another
related to project development.
In some situations, we may reallocate a portion of the funds from one purpose to another.
Example,
if the emergency reserve has a substantial balance, we may transfer part of that balance to
the
profit distribution wallet.
5 - Operations
As mentioned in the introduction, the project's primary focus is on the "snipe" operation. As
the
project's treasury grows, we plan to diversify our activities by also engaging in trading
operations, "buy and hold" strategies, arbitrage, futures contracts, and other activities
that
may
involve higher risks. However, this diversification will be carried out on a smaller scale
and
under the supervision of the project managers.
6 - Profit Sharing
The primary income distribution model adopted by SniperDAO operates based on the "revenue
share"
principle.
To benefit from this model, investors need to register their wallet addresses in our system.
The
distribution of earnings is calculated using a formula that takes into account various
criteria,
resulting in a score that corresponds to the percentage of profit participation.
This mechanism aims to promote a decentralized distribution of earnings and reward investor
dedication.
The criteria for this mechanism are periodically renewed, but the main ones include:
- Holding time.
- Quantity of tokens in the wallet, with a minimum of 0.2 BNB value of tokens held
- Active participation in the community.
- One wallet per person.
7 - Profit Distribution
The profits generated by the project's operations will be distributed as follows:
A - Revenue Share: 25% of the profits are distributed to the profit-sharing fund.
B - Project Liquidity: 25% of the profits are reinvested in the project's liquidity
through
buybacks and liquidity addition.
C - Treasury (Operators' Bank): 25% of the profits are distributed to the operators'
bank,
enhancing capacity and profit potential.
D - Project Ecosystem: 25% of the profits are allocated to cover operational costs, fund
research, and support the ongoing development and expansion of the project.
8 - Transparency and Sincerity
SniperDAO values authenticity and clarity in its actions and communications. Our project is
not
built on "hype" and "fomo". Our results will be achieved through our operations, and our
community
will benefit from the ecosystem we are developing. We hereby commit to honesty and
transparency
as
fundamental pillars of our project. We will always encourage responsible trading and alert
our
community members to the risks associated with cryptocurrency operations.
9 - Utilities
We understand the importance of providing tools that add value to our community. We have
plans to
develop a series of useful tools that will benefit the SniperDAO community and can also be
used
for marketing campaigns.
10 - Tokenomics
The token have a total supply of 10,000,000 (ten million) units. Initially, 9,500,000 tokens
have been added to liquidity, while 500,000 tokens have been distributed to the team. For
pair
with this amount of tokens, the team added initially 5 BNB's for fund the Liquidity Pool, at
PancakeSwap.
After the start of the operations, many buyback and liquidity additions have been made by
the
team with the profits
from operations. This will be done continually until we reach a considerable value on our
liquidity pool.
The token have a 6% fee applied to each swap. This fee represents 6% allocated for project
needs. During the initial period, we conducted the entire fee to the "operators bank" to
form a
suitable reserve for the start of operations. Once an adequate amount was reached, we
started to
allocate
it to other parts of the project.
SDAO tokens are bep20 tokens, based on BSC chain and tradeable at PancakeSwap.
11 - Contract
The token contract is designed to prevent the owner from manipulating it with malicious
intentions. We will also engage audit services to verify the contract's security and
identify
any potential issues.