#NFTCollective — Powered by the community
Livetree is devoted in our mission to sustainably empower creators and build a social platform using blockchain and crypto technologies.
What’s been happening?
We set out to develop a product that brings real-world value and shines a light on everything happening in the world, from environmental issues to wellness, diversity and the U.N’s 17 Sustainable Development Goals (SDG). We believe Livetree can be an answer to many of the problems with social media and powerfully lead a shift in true decentralisation.
After many months of intense development, we’re inching closer to the launch of a social network we know will radically transform the way we value content. With the recent inhumanity shown by the Russian Federation towards the people of Ukraine, our audit has been prolonged whilst we pray for the team in Ukraine’s safety and survival. We remain in pursuit of a successful launch with the blockchain.
What’s new?
We are excited about the opportunity unleashed by blockchain technologies: to put ownership in the hands of creators, token-holders and collective members. Livetree is excited to announce a decentralised vision for the future of content creation and media distribution, that puts the power where it should be — in the hands of the collective. And that’s why we’re proud to present Livetree’s newest collective token — SEDC
With SEDC creators, fans and communities become active participants in the Livetree platform. In return fans and community members get a stake in the creator’s recurring income, they get a vote and can exchange their stake for others helping to make the collective not only powerful but extremely valuable. Holding SEDC provides users and content consumers of the Livetree app with the tools and knowledge to shape and govern how the collective-driven platform runs, operates, and functions for the broader community.
About SEDC
50% of all collectives income back the SEDC token treasury
The Seed NFT Collective (SEDC) token represents the global Livetree collective that decentralises governance of all #NFTCollectives on the platform. Unlike social networks like Facebook or NFT Marketplaces, like Opensea, the #NFT exchange is a decentralised collective built using the same standard as all other collectives on the platform. SEDC token holders control how the platform operates. From being able to vote on which beneficiaries to award the treasury, what posts should be unlockable and even what fees should be charged.
The SEDC token has a capped and fixed token supply of 1 billion tokens. SEDC Token supply is decreased (burnt) each time it is redeemed against the global treasury thus increasing scarcity.
Fees on the #NFT Collective Network related to transactions are determined via governance. Initially, the fee is set to 50% of all NFT Collective transactions. These funds directly fund the global treasury backing SEDC. The treasury, initially, targets Moonbeam (GLMR), however, it can be moved to other chains based on on-chain governance.
Up to 50% (via the Community Interest Swap Reserve, Sustainability Innovation Fund Reserve and Governance Reserve) of the total token supply can be reserved for defi interest-bearing instruments. We envision the interest earned on the treasury will be reinvested into incentivising the creator network or direct rewards for SEDC holders. The amounts for this will be determined by on-chain governance.
Livetree
Our new app, launching in 2022, will represent a new wave of social media. It will not only provide its users a simple way to capture and consume live video content but effectively enable sustainable, decentralised collectives using blockchain technologies. Our Parachain Seed Tokens (PSED) will soon be available to swap on the Ethereum blockchain.
Discover more on our telegram group.
