Enter $SCIFI

The DAO-governed, crypto-gem index.

TLDR

  • $SCIFI is governed by a governance token called $SPICE. The SPICE DAO votes on strategy, use of treasury funds and the curators of $SCIFI.
  • $SPICE can be earned by holding $SCIFI and providing liquidity, or during the initial decentralised distribution.

The dawn of a new paradigm

New risks demand new technologies. New technologies create new opportunities. And so we board a ship to venture into the depths of the DeFi wormhole in search of more democratic access and community-driven exploration. A ship where efficiency and architectural transparency is implemented by design, which is navigated by the experienced, knowledgable and impactful and which anyone can board and contribute with their resources and skills to create value for and with the community.

Introducing $SCIFI

$SCIFI represents a hand-curated basket of gems, automatically rebalanced on a monthly basis. $SCIFI is 100% collateralised and tradable on any ERC20-enabled DEX.

$SCIFI and any potential future missions are governed by the community. Supporting the $SCIFI mission by holding $SCIFI, providing liquidity, promoting it or providing essential infrastructure is rewarded with a governance token called $SPICE.

$SCIFI combines the best of curated investment strategies, expert curation and decentralised ledger technology:

  • DAO governance: $SCIFI’s lift-off is guided by Mission Control and the Galactic Council, but will be community-governed after the first 6 months.
  • Experts: The ‘Galactic Council’ is the representative body that joins Mission Control in the creation of SCIFI.
  • Diversified investing: A single token provides exposure to a basket of vetted tokens, automatically rebalanced.
  • Zero fees: No fees will be charged. $SCIFI is free and always will be.
  • Secure: SCIFI is 100% collateralised, audited and open-source.

The Galactic Council

The Council…

  • … consist of industry experts and key opinion leaders,
  • … is installed by Mission Control for the first 6 months,
  • … can be newly voted by the SPICE DAO every 6 months,

SPICE — the most valuable asset in the universe

The SPICE must flow.

A total of 42 million $SPICE exists. All $SPICE will be distributed over a period of a maximum of 5 years for A) the creators and infrastructure providers of the project, B) active participation through promotion or liquidity farming and C) for passive support (hodling) of the SCIFI mission and its partner tokens.

$SPICE is distributed to stakeholders as follows:

A total of 64% of all SPICE will be allocated to the community via the Big Bang, liquidity mining, $SCIFI staking and the control over the treasury

Details

  • Private sale: 3.5% will be offered to early supporters. 30% of these will be unlocked, the rest vested linearly over 6months.
  • Partners and experts: 17.5% will be distributed over 3 years to industry experts and partners that curate the index and provide infrastructure.
  • Team: 15% is allocated over 3 years to the founders of the $SCIFI mission and the discoverers of $SPICE.
  • Community: 2.5% is given to holders of $SCIFI and holders of selected partner tokens, regressively over 12 months.
  • Liquidity farming: 5% of $SPICE can be earned by providing liquidity for $SCIFI on Uniswap or any other DEX over the first 365 days.
  • Treasury: 48.5% is kept in the Galactic Treasury and released on a yearly schedule. The use of these funds will be decided by the SPICE DAO.

The SPICE DAO governs the SCIFI mission

He who controls the SPICE controls the universe

The path to DAO governance will require initial kickstart and a first test run of the SCIFI mission. The first governance voting will be enabled in Q1 2021. The process for governance voting will follow a simple path:

  1. General discussion on discord
  2. Distillation of discussion to a dedicated forum post
  3. Discussion and iteration of said post
  4. Formalisation of specifications to form a proposal
  5. DAO vote via Snapshot

The Big Bang

For more information and dates, read ‘The Galactic Citizen’s Guide to the Big Bang’ on our Medium.

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