SEVEN CLUB
WHITEPAPER: SEVEN CLUB
Table of Contents
- Introduction
- Background
- Features
- Usecase
- Tokenomics
- Origins
- Synthesis
1. Introduction
Seven Club is an innovation on the Alephium blockchain, designed to actively reward the most engaged members of the Alephium community. As blockchain technology continues to redefine standards of collaboration and community engagement, Seven Club aims to incentivize and reward those who contribute significantly to the development and growth of the Alephium project.
We openly draw inspiration from ErgOne’s Proof of Commitment Protocol (PoCoP).
Of course, we do not claim to compete with this model, which we greatly admire.
Let’s just say that our vision is lighter and focused on fun.
2. Background
The Alephium blockchain is a high-throughput decentralized platform, designed to address the challenges of scaling and security while providing a seamless user experience. With an innovative codebase and a dynamic community, Alephium aims to revolutionize decentralized applications (dApps) and financial ecosystems. However, the success of a blockchain project depends not only on its technology but also on the engagement and participation of its community. It is with this in mind that Seven Club is introduced, to recognize and reward the contributions of the Alephium community members.
3. Features
Seven Club is designed to be used as an incentive for community engagement on the Alephium blockchain. Here are some of its main features:
- Rewards for Engagement: Once a month, a vote is held by the community to determine the Dev/Dev_team/Influencer/YouTuber/Crypto_enthusiast who has most highlighted Alephium during that period. A percentage of the supply is sent to the monthly winner. This operation is carried out every 7th of the month. We plan to drop 777 tokens to the winner during the first year, after which this number will be reduced to 77 until there are none left.
- Fair Distribution: ”777”will be distributed fairly among the founding members who will share 3% of the total circulating mass.
- Stimulating Adoption: By offering tangible incentives for engagement, the Seven Club encourages broader adoption of the Alephium blockchain, thus strengthening its ecosystem.
- Participative Governance: The 777 holders will also have the opportunity to participate in the governance processes of the Alephium community, giving them a voice in important decisions regarding the project.
4. Usecase
777 token can be used in various ways within the Alephium ecosystem, including:
- Engagement: The Seven Club aims to unify and highlight the Alephium community across all possible social networks.
- Voting: Seven Club members can vote on governance proposals and thus influence the future direction of the project.
- Scarcity: Given its low quantity of tokens in circulation, its value will increase as interactions with the community increase, which will always encourage more users to promote Alephium in order to be part of the Seven Club.
5. Tokenomics
- Total Max Supply : Choosing a maximum allocation of 777,777 tokens can help create a perception of scarcity and exclusivity, potentially increasing the value and appeal of the tokens. Additionally, this can encourage a more equitable distribution and limit oversupply, thus fostering a more engaged and valued community
- Sale on AlphaPad: 50% (These tokens will be available for purchase for investors during a whitelist sale on the AlphaPad platform, providing funds that will be fully utilized to create the liquidity pool.)
- Liquidity Pair (LP): 20% (This allocation is intended to provide liquidity on exchange platforms, allowing for easy and stable trading of the token, as well as to establish trading pairs with other cryptocurrencies. The liquidity pool will be locked forever upon creation.)
- Treasury and Rewards: 27% (The Treasury will serve as a reserve to fund future operations, project developments, and rewards intended to stimulate the engagement of the community and developers in the Alephium blockchain ecosystem. In the medium to long term, the Seven Club intends to offer the key to this box to one of the most respected members of the Alephium community who will make the deposit once a month. This way, the project becomes completely decentralized, and the treasurer is external to the founders. This should strengthen the trust of investors and the Alephium community.)
- Founders: 3% (These tokens are reserved for the founders and key community members who have played a crucial role in establishing and developing the Alephium project.)
This distribution aims to balance the immediate financing and liquidity needs with the long-term objectives of growth and development of the community. It reflects a strategy oriented towards sustainability and expansion, while rewarding those who have contributed to the birth and evolution of the project.
6. Origins
On a night in April 2024, at the dawn of the 4th Bitcoin Halving, 12 wandering souls crossed paths in a crypto discussion channel. Brought together by sheer chance, they became more than just participants: a true fraternity of ‘degens’. Each bringing their own spark, they explore together the depths and infinite possibilities of the crypto universe, bound by their shared passion and an unceasing quest for innovation.
7. Synthesis
Seven Club: A Celebration of Memecoin Culture and the Fun of Crypto Communities
At the heart of modern digital excitement, Seven Club emerges as a true ode to memecoin culture, encapsulating the playful spirit and characteristic enthusiasm of crypto communities on social media. Born on the Alephium blockchain, Seven Club is not just a cryptocurrency project; it’s a celebration of digital camaraderie and the humor that fuels exchanges within online forums, Twitter threads, and beyond.
In the world of cryptocurrencies, where the seriousness of major financial stakes often meets the exuberance of viral memes, Seven Club positions itself as a bridge between seriousness and entertainment. It recognizes and values the importance of community engagement, not only as a pillar of support but also as a source of endless fun and creativity.
The Seven Club’s 777 Tokens, at the heart of this microcosm, are more than just transactional instruments. They are the vehicle for playful participation, allowing each community member to contribute to the growth of the blockchain while having fun. Rewarding the most captivating contributions with 777 Tokens during monthly votes transforms each interaction into an opportunity for gain and recognition, thus enhancing the playful appeal of engagement.
Seven Club’s adoption of participatory governance practices also encourages members to make important decisions democratically, while infusing a sense of lightness into serious discussions. This ensures that every voice is not only heard but celebrated, with proposals often punctuated by the humor and spirit of memes.
In summary, Seven Club is not just a transaction platform or a simple reward mechanism; it is a beacon of memecoin culture, illuminating the path to a cryptocurrency experience that is both enriching and exhilarating. It is an open invitation to all those looking to delve into the delights of crypto-communities, where each transaction and interaction is imbued with joy, innovation, and, of course, a good dose of fun.
—- Welcome to Seven Club –