| Part 2: 2023 2nd Half - 2024 1st Half
Roadmap for Phase 2, Phase 3
Last updated
Roadmap for Phase 2, Phase 3
Last updated
In response to the market conditions and the identified issues mentioned at the end of the , since the initial 1st and 2nd private sales, we have spent the past six months securing additional potential holders and refining our strategies to maintain the existing value of YBC while moving forward. In relation to this, we have planned and developed the YBC relaunch.
This relaunch is particularly necessary to introduce YBC staking rewards and a Batch system, which require launching YBC on a new smart contract. Therefore, the existing YBC held by holders will become legacy YBC, and according to the procedures and internal policies mentioned in , new YBC will be airdropped.
After the relaunch, we expect to onboard additionally about 100 new potential holders. With the incorporation of improved strategies and more detailed plans, the relaunch of the new YBC is planned for mid-July.
In terms of securing operational funds for the project, we have sustained operations through funds raised from YBC sales and personal funds contributed by the YBC founder. Our primary task is to achieve self-sustainability, where the project can generate revenue and operate without external assistance. In the long run, we are also considering fundraising through venture capital firms that resonate with our vision and can provide synergistic effects. We have completed all the preparations for this. All fundraising processes will be carried out with the utmost consideration for the interests of YBC holders.
The New YBC relaunch will feature three key highlights:
1. More Benefits and Rewards: Holders will have access to various benefits and rewards, including staking rewards, business and individual recognition, membership monetization, platform rewards, and more. These will be sequentially implemented and utilized.
2. Increased Buyer Pool and Project Visibility Expectations: Previously, becoming a YBC holder required an invitation and verification. This will now transition to a hybrid model, meaning that while we will continue to attract high-quality holders, the sales will be open to everyone. Sales will be conducted in batches (YBC 1st Batch, 2nd Batch - 7th Batch), with purchase quantities still limited (the purchase limit will vary for each batch through a dynamic mechanism). We will also introduce a "Verified Holder System" to concentrate more benefits and rewards on holders who contribute to the YBC ecosystem. Additionally, we aim to expand the buyer pool and increase initial project visibility by reducing the entry barriers.
3. Enhanced "Value Protection Mechanism": Despite global market downturns, YBC was able to achieve a value increase of nearly 800% due to its unique Value Protection Mechanism. One of the methods to improve this, mentioned earlier, is the introduction of "the Batch system". We will also apply a new and advanced value protection mechanism that we have internally developed for a better circular structure.
We have carefully considered the PFP (picture for profile) of YBC. Typically, NFT memberships are categorized into 3-5 tiers to offer varying benefits, or they consist of distinct benefits, such as receiving increased token rewards based on the number of NFTs owned, similar to the concept employed by YBC. For YBC, our intention is to create an enjoyable collecting experience akin to BAYC and Azuki's PFPs, while also providing a wider range of benefits to token holders. Further details on our specific plans to address this will be provided during Phase 3, which includes the schedule for NFT Drop Season 2.
"Goal: 1,000 YBC sales, $1M USD in sales, attracting holders from 30 countries and 60 cities"
⏺ YBC Relaunch (New website and smart contract deployment, introduction of enhanced value protection mechanism, YBC concierge service upgrade)
⏺ YBC 1st Batch (300 YBC / 0.09 ETH / 5 YBC *purchasable YBC per wallet)
⏺ YBC Staking Rewards (daily $SOAR token rewards)
⏺ $SOAR Launch and Implementation: 10% of the total $SOAR token pool, which is scheduled to launch this year, will be distributed to YBC holders through staking. The use cases for this token will be disclosed in the future.
*$SOAR Token: The native token of the Soar ecosystem and a governance token that will be issued, supervised, and managed by Soar DAO. It will be responsible for administrative tasks, proposal management, and supporting various operations related to the token within the DAO community. Oversight of the DAO will be collaboration with the future Soar Foundation and Soar Board of Directors.
⏺ $SOAR: CMC listing, DEX listing, global $SOAR token launch events.
⏺ YBC Private Party
⏺ Major Partnerships
⏺ 500 YBC holders
⏺ App Development: Developing an app for value increase utilizing YBC, $SOAR token, staking, and more. *Specific details will be announced later.
⏺ M&A, Major Partnerships
⏺ Membership Business Onboarding
⏺ NFT Drop Season 2
⏺ 1,000 YBC Holders
⏺ $SOAR Listing on a Major Exchange
That concludes the holder update for July 2023.
Despite the delays in achieving milestones compared to the original plans, we would like to express our gratitude once again to the holders who have experienced various challenges with YBC.
We know you have high expectations for us, and we will never stop striving to exceed them. We will always move forward with you in mind. Brian