- $DOWN Debrief
- Posts
- PS: $DOWN is a galaxy-brain play
PS: $DOWN is a galaxy-brain play
A deeper look at what makes this token so unique

A Post-Script - re: $DOWN Whitepaper
Hey again all. Since it's contents will be commonly updated by nature, it seemed premature to include links in the whitepaper and instead follow up with this post script. The $DOWN Depository (the emblem vault NFT underpinning the token) has already been fractionalized and tested to receive deposits, but it can't be withdrawn from. Currently it holds assets from Ethereum, Polygon, and BSC, including ERC-20s, NFTs, and $DOWN. It can also receive assets from BTC, BCH, DOGE, and others.
Some current contents worth noting:- 10% of the supply of $DOWN- A Cryptoskull- The 133rd rarest Avastar- A curio card (BTC Keys)- A significant amount of my art- A Marblecards 'Pheonix' card- The OG NFT Bible published by Opensea in 2019
With the ability for the token's underlying value layer to receive additional deposits, over time it will perpetually grow, while $DOWN will be highly utilitarian, with all revenue from $DOWN (any time its received as payment by BruceTheGoose or DappGoose Labs) carrying a 5% tax, paid to the vault. Other planned or upcoming token utilities include: - Membership in the $DOWN DAO- Access to exclusive NFT drops and curated auctions by BruceTheGoose- Discounts on physical prints and merch- Discounted consultations and other services- Lossless Raffles- Community gaming tournaments- and much more! Furthermore, the vault's wallet will be set as a collaborator on select NFTs and contracts, therefore perpetually earning royalties from resales of various works.
The vaults contents can be explored at these links:Etherscan | Polygonscan | BSCScan | Blockchair | Emblem Finance*The Emblem Finance vault will show on its native platform as 'unclaimed'. This means the private key for the included wallet has bever been revealed after the creation of the NFT. The vault's deposit addresses are available at: downtoken.nft orETH/EVM - 0x00Ac3006e20C3B06aE71e897b56b475622601293BTC - 16ZfFoEgAdK2MzXhhtVhpe8XGUh1SPzEY9TEZ - tz1NEYYALSXuWaYLWUjggDcdvQLPnjLuW3ghBCH - bitcoincash:qq7sthumd9l8dvjfq4y0ctf0v38tz5nsxycfkhj0u6
The address for derived token and its buyout clause contract: Token - 0xcfe4a93c6b0930bd46a8b375f113c9f398c27375NFT Custody - 0xcfe4a93c6b0930bd46A8B375F113c9f398c27375
Over time, new utilities will continue to be established for $DOWN; and I intend to leverage a share of my creator's reserve (as well as of any revenue generated in $DOWN) to add social tokens from additional creators and other NFT fraction tokens into the vault; as well as having plans to include more ways that the vault will passively increase it's own value; such as interest bearing assets, NFTs that generate token/NFT rewards, and possibly integrate my original social token, $FTHR, into the $DOWN ecosystem or launch an additional token to alleviate sell pressure by assuming certain utilities. Possibly the most important factor in the future of $DOWN: Contrary to the issuance of most existing social tokens, the token's creation, and the development of the current and future ecosystem, including the underpinned vault, has required several smart contract deployments already, and will require more over time. Due to these costs, combined with the value of the NFTs and tokens being transferred to the $DOWN Vault, I am especially motivated to see the experiment succeed, as well as potentially having more incentive than anyone else to HODL instead of selling the token to extract value. $DOWN is most certainly an experimental concept, but at the end of the day, it is also a very significant investment in myself; on which I plan to see lucrative returns.
Additionally, at the time of writing; the IDO dates and platforms are yet to be decided, but it's my personal opinion that DoDo dex will be the best option; as it allows for the creation of weighted pools, yield farms, and other primitives not found elsewhere on AMM's. With ETH being the token's native network, the IDO will be prioritized there, and may simultaneously take place on Polygon; where most of the early DeFi incentives will be deployed. If you have any specific questions, would like to sign up for the INO whitelist, or would like to contribute to the experiment in some way; feel free to reach out via twitter or discord; or join the Goose Gang discord server - but if you'd have to leave a server to join, don't do it yet, it's likely that an alternative will be used once I've found one that works out well.Twitter | Discord |
One final thought; it's very likely imho; although at the behest of the DAO(s) to decide, that $DOWN will be integrated with the overall economy of the DappGoose Labs ecosystem, which currently encompasses NFThub, the Nifty Pride Foundation, and the upcoming cryptoskulls band, Skull Soup; as well as the coming marketplace for $DOWN, and some TBA collaborative efforts with Trash DAO.
