There are 2 main phases of the BabyBoomer Pre-sale that will be happening simultaneously.
First, we will create a Whitelist of people who want to put up fiat or cash to be in the BabyBoomer Pre-sale. Our community-led KYC Whitelist for our presale ensures no holder has multiple pre-sale wallets.
This creates o more stable price floor with more holders. We will limit the whitelist to 500 people. No core team, devs, or owners will be on the whitelist in the pre-sale.
To get on the Whitelist, simply email 1111111 or call 1111111 and we will add you.
One phase will be people on the whitelist buying pre-sale tokens.
Here are the parameters for phase one:
Pre-Sale Token Price will be .01 Our minimum pre-sale wallet cap is 100K tokens, or $1,000. Our max pre-sole wallet cap is $200,000 or 20,000,000 tokens.
Wallets that exceed 2,500,000 tokens will only be allowed to sell 2,500,000 tokens per week. This will help prevent the market from manipulation. 80% of all cash Pre-sale Funds go to the Treasury/ Liquidity Pool (LP) The Liquidity Pool is the anchor of Baby Boomer DAO coin because people will be able to easily sell, which creates trust!
10% of all cash Pre-sale Funds go to Marketing 10% of all cash Pre-sale Funds go to Operations, and Development Costs Bond Holders: Anyone that buys tokens has the option to be a Bond Holder. To review the benefits of being a bondholder please read the section about Bond Holders.
In this phase, we have the Pre-sale Real Estate.
In this phase Baby Boomer DAO will be minting coin to buy real estate that will be owned by Baby Boomer DAO.
Selling real estate to Baby Boomer DAO in the Pre-sale phase Agree to buy the land, Title Search to ensure land is lien, encumbrance free and clear title
Order appraisal
Transfer property to Baby Boomer Dao
The Seller will get 75% of the land appraisal in Baby Boomer Tokens
Example: property appraises at 100,000 The seller gets a wallet of 7,500,000 tokens. Presale token price- .01 x 7,500,000 which equals 75,000 dollars worth of tokens.
All tokens that are issued to a seller of real estate must be held for a minimum of 12 months by the seller in a locked wallet. In the event of a purchase of a larger property, hold times on / tokens will be extended at the discretion of Baby Boomer DAO.
In the Pre-sale, Baby Boomer DAO also reserves the right to mint coin and buy fractions of an LLC, REIT, or other income-producing real estate property or entity.
Pre-sale Rewards
If you get a max wallet of 20,000,000 tokens with Cash or Fiat you will be rewarded with 2 million extra tokens.
We will also be giving away 5 wallets with 500,000 tokens each at the end of the Pre-sale. This will be done through a random drawing and will be for everyone who does not have a max wallet.
Total Supply will be established after the Pre-sale is done and before the Public launch of the coin.
The Total Supply will be times 10 the amount of tokens in the Liquidity Pool and the amount of tokens that were issued for the Real Estate acquired in the Pre-Sale by Baby Boomer Dao.
(Example: If the total amount of tokens in the liquidity pool and the total amount of tokens paid for Real Estate in the Pre-sale is 100,000,000 tokens then total supply would be 1 billion tokens.
There are 2 variants that will change the number of total supply. They are,
Minitng Coins for Real Estate Purchases
Inflation to Pay Dividends for Bond Holders
This is a reward based minting that will mint 1 percent of Original Launch Total Supply every time Baby Boomer DAO Coin goes up 10X
Example:
If the initial Total Supply is 1 billion tokens
The Launch Price is .01
Price Moves to .10 Baby Boomer DAO mints 10,000,000 Tokens
Price Moves to .20 Baby Boomer DAO mints another 10,000,000 Tokens
Price Moves to .30 Baby Boomer DAO mints another 10,000,000 Tokens
Price Moves to .40 Baby Boomer DAO mints another 10,000,000 Tokens and so on
These tokens can ONLY be used for the purchase of Real Estate that will be added to Baby Boomer DAO.
Inflation to pay dividends for Bond Holders:
Baby Boomer Dao will, on a monthly basis, mint an amount of tokens that is 3/4 percent of Total Supply
(8 percent yearly which is where the US rate of inflation is at right now) to pay for Bond Holder dividends.
In the event that 3/4 percent is more than what is needed for dividends, only the amount that is needed will be minted.
DAO voting will begin 90 days after launch.
We will operate as an "IRL" (In Real Life) Real Estate Company.
Profits will be paid out, like dividends, by how many tokens are owned per Bond Holder. We will have an office with staff that will be buying, selling, and recording Real Estate Transactions.
We will have a bookkeeper as well as a CPA responsible for handling our books and reporting on a quarterly basis.
Founders are responsible for daily acting in the best interest of our token holders.
Founders will operate the business in a transparent manner until such time as it can be self-managed through the DAO members.
We are open to input from all members and look forward to working together to build a wealthy Baby Boomer DAO community.
WILL BOND HOLDERS BE MEMBERS OFF THE DAO?
Bond holders will be anyone with a wallet bigger than 1,000,000 that commits to locking their wallet for 6 months, 12 months, or 18 months.
To remain a Bond Holder you will have to recommit to another 6, 12 or 18 month term within 30 days of your wallet being unlocked from previous staking.
Bond Holder Benefits
-For every 1,000,000 tokens held in a wallet, that Bondholder will receive 1 vote in the DAO
-Bond Holders with a 6 month locked wallet will receive a dividend of 8% APR which is paid monthly and will have a 50% reduced buy and sell tax
-Bond Holders with a 12 month locked wallet will receive a dividend of 12% APR which is paid monthly and will not have a buy or sell tax
-Bond Holders with a 24 month locked wallet will receive a dividend of 16% APR which is paid monthly and will not have a buy or sell tax
-Bond Holders will also receive Real Estate profits from the Baby Boomer DAO as profits are realized -Guar7teed dividends will come from inflation and the Treasury Buy and Sell Tax.
-Extra benefits will be added as well
Liquidity Pool will be maintained at a 10 to 1 ratio.
This ratio will be calculated by the amount in the liquidity pool to the amount of tokens in any wallets that are not locked.
In the event of a liquidity emergency Baby Boomer Dao will sell Real Estate and proceeds will be added to liquidity to maintain a 10 to 1 ratio.
If the liquidity ratio at any time goes below 8 to 1 Baby Boomer DAO has the right to withdraw liquidity to a 10 to 1 ratio and use it for Bond Holder dividends and Real Estate maintenance and purchases.
Founders Wallets= 1.5% of Total Supply
Team Wallets= 1.5 % of Total Supply
Pre-sale Real Estate Partners= 1.5% of Total Supply
Marketing Wallets=1% of Total Supply
Development Wallet= 1% of Total Supply
These wallets will all have a minimum lock of 6 months with no APR dividends being paid.
Each wallet will be a part of the Baby Boomer DAO and will have 1 DAO vote per 1,000,000 tokens held.
The 3 founders will each receive an additional 50 DAO votes beyond the wallets they hold.
Tax for Sells
For Bondholders with a locked wallet of 6 months, buy and sell taxes will be reduced by 50 percent and for Bond Holders with a locked wallet of 12 or 24 months there will not be any Buy or sell tax
Sell Tax 10%
7% - Treasury Tax This will all go towards the liquidity Pool which will stabilize the token.
1% Baby Boomer DAO marketing
1% Baby Boomer DAO development
1% Baby Boomer DAC operations
Tax for Buys
For Bondholders with a locked wallet of 6 months, buy and sell taxes will be reduced by 50 percent and for Bond Holders with a locked wallet of 12 or 24 months there will not be any Buy or sell tax
Buy Tax 10 %
7% - Treasury Tax This will all go towards the liquidity Pool which will stabilize the token.
1% Baby Boomer DAO marketing
1% Baby Boomer DAO development
1% Baby Boomer DAO operations