Decentralization, Simplified
The Vision
Decentralization is simple. A system of checks and balances, all with equal influence, the powers therein belonging to the community and holders first. To put the power in the hands of the people, the way decentralization was always meant to be, is far more accessible of a concept than one might expect. Decentralization is not just a buzzword anymore.
But decentralization is fragile. Built upon trust and anonymity, DeFi as an institution relies not only on delivery, but on integrity. Community empowerment must be the cornerstone of any project, and giving back to the community is a civic duty. While it may be simple to start decentralization, it is a constant battle to keep it alive. We all must work together.
We come together now, not in an attempt to impress with poetic prose, but to present an ambition.
The Plan
Our tokenomics are simple:
- 60% Uniswap V2
- 35% Community-Owned Treasury
- 5% Team Tokens Lock
To effectively bring the power of AVI to the people, we have employed a 3-of-5 multisig-protected treasury account, which is wholly owned and governed by the community. Holders are able to vote on proposals to allow the use of funds for development, marketing, charity, community rewards/incentives, and many other opportunities. Through our Decentralized Autonomous Organization (DAO), AVI holders bring power to their tokens by voting to approve the execution of all outgoing transactions from the treasury.
In order to bring both collective power and trust, our base constitution has two simple rules.
- No funds will ever be removed from the account without pre-approval from the community through a DAO vote.
- No approved transactions will ever take place without a public notification before being executed.
Our treasury address can be found here: https://etherscan.io/address/aviator-treasury.eth
Our DAO space can be found here: https://snapshot.org/#/aviator-dao.eth
Without trust, we are nothing. In darkness, decentralization dies.
The Execution
Every successful DeFi project shares three major traits: transparency, integrity, and consistency.
Since we launched two weeks ago, 7% of the total supply has been burned, with expectations of that number increasing as we approach further milestones, reducing the total supply. As a deflationary asset, we have marked specific targets to employ burns from the treasury fund:
- $10,000 Market Cap — 3% (300,000,000 tokens) — Complete!
- $100,000 Market Cap — 2% (200,000,000 tokens) — Complete!
- $1,000,000 Market Cap — 2% (200,000,000 tokens) — Complete!
- $10,000,000 Market Cap — 2% (200,000,000 tokens) — Voted on by DAO to reallocate — Complete!
- $100,000,000 Market Cap — 1.5% (150,000,000 tokens)
- The Future — To be decided by the community.
Ongoing burns will be scheduled and voted on by the community through our DAO. Because the burn schedule is funded by aviator-treasury.eth, the community even has the power to reduce or cancel these burn amounts if it becomes preferable to keep the treasury balance higher.
To protect the community, liquidity has been locked on UNCX Network for one year. Following this duration, liquidity will be re-locked with the opportunity to expand liquidity onto new DEXs as decided by the community.
A 5% token allocation has been reserved for our dedicated and hard-working team of developers, marketers, community admins, and advisors. These tokens are locked on a regular vesting schedule in UNCX Network, with 1% unlocking every two months on the 13th day of each month. These tokens can only be unlocked by the multisig treasury and will be airdropped to the team on the following dates:
- 99,650,000 tokens unlock September 13th, 2023
- 99,650,000 tokens unlock November 13th, 2023
- 99,650,000 tokens unlock January 13th, 2024
- 99,650,000 tokens unlock March 13th, 2024
- 99,650,000 tokens unlock May 13th, 2024
A locking fee of 1,750,000 tokens is collected by UNCX Network and has been deducted from the team token allocation.
At the time of writing, our DAO has voted to approve two budget proposals for new CEX listings. AVI holders can expect to be busy with more DAO votes arriving in the near future.
The Future
Introducing a project is one thing; following through is another. For the next several years, we plan to change the space for the better and turn decentralization into what it was meant to be all along: power to the people.
Our next article will be a deeper dive into our roadmap, as well as an introduction to our open game development platform.
Links
Website: https://aviator.ac/
Twitter: https://twitter.com/aviator_ac
Telegram: https://t.me/aviator_ac
Discord: https://aviator.ac/discord
Reddit: https://www.reddit.com/r/DecentralizedAviators/
Warpcast: https://warpcast.com/aviator-ac
Snapshot DAO: https://snapshot.org/#/aviator-dao.eth
Links: https://aviator.ac/links
CoinMarketCap: https://coinmarketcap.com/currencies/aviator
CoinGecko: https://www.coingecko.com/en/coins/aviator
Etherscan: https://etherscan.io/token/0xd2bdaaf2b9cc6981fd273dcb7c04023bfbe0a7fe
DEXTools: https://www.dextools.io/app/en/ether/pair-explorer/0x46077fccd46bc963d32456f931c13324786f8bab
Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0xd2bdaaf2b9cc6981fd273dcb7c04023bfbe0a7fe
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This article was originally published on 31 July, 2023.
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