COMBINING NFTS & DEFI IN A FUN, IMMERSIVE & INCENTIVISED WAY WHILE LEARNING ABOUT THE BEST PROJECTS IN CRYPTO! LITEPAPER 2.4
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COMBINING NFTS & DEFI IN A FUN, IMMERSIVE
& INCENTIVISED WAY WHILE LEARNING
ABOUT THE BEST PROJECTS IN CRYPTO!
LITEPAPER 2.4
CONTENT
1 - Motivation 1
2 - Solution - Manga 2
2.1 - Manga FOMO Chronicles NFT 3
2.1a - NFT Use Cases 4
2.2 - OTAKU Token 5
2.2a - Allocation & Distribution 6
2.2b - Token Use Cases 7
3 - Partnerships 8
4 - Roadmaps 11
5 - Conclusion 12
6 - References 13
1. MOTIVATION
Cryptocurrency has once again taken the market by storm! The recent
Bitcoin Bull Run saw a surge in value by over 1000% from $4,900 in March
2020 to $60,000 in March 2021. The rise of the price of Bitcoin during that
period caused a significant impact on the entire cryptocurrency market
and other currencies, such as Ethereum, currently trading at over twice its
previous all time high. This gives the total crypto market a value of over 2
trillion dollars. (Gertrude, 2021). This strong price momentum in crypto is
also reinforced by the institutional buy in of companies such Tesla, an
electrical car manufacturing company with a $665 billion valuation. In
2021 they reportedly invested 1.5 billion dollars buying Bitcoin in a filing
with the Securities and Exchange Commission (Steve, 2021; Bolster, 2021).
With the accelerated growth of the crypto market, it has attracted many
investors from different backgrounds. Unfortunately, this has also invited
many bad actors who see multibillion-dollar opportunities to scam and
take advantage of investors (Xangle, 2021; Bolster, 2021).
Fraudsters and scammers have been taking advantage of investor's lack of
knowledge using 'FOMO' (the Fear of Missing Out). People can get lured
into all sorts of scams, such as fake coin listings, rug pulls, fake NFTs, social
media traps and connecting to malicious wallets for example. Bolster,
2021; Dan, 2021). In research conducted by Xangle (2021), it is reported that
since 2012, 16.5 billion dollars worth of investors’ money was stolen using
132 different methods. In 2020, that number increased by 40%, with the
likelihood that in 2021 the amount would surge up to 75% (Bolster, 2021).
The Blockchain can be a daunting place for those without the necessary
knowledge to navigate it. It is easy to get blindsided by bad projects, bad
coins, scams, etc. The problem is, knowing what the pitfalls are, what to
look for and how to find the most legitimate projects that can help them
to avoid these problems.
Page 1
2. SOLUTION - MANGA
Preventing investors from making amateur mistakes and eradicating
scams in the crypto market is practically impossible. However, We have
created a way to help to reduce the number of victims by educating
communities and the general public in a fun, immersive and incentivized
way.
The team has produced a collection of graphic novel style publications
called Manga FOMO Chronicles that illustrate the value propositions of
legitimate projects in the space who we are proud to call our partners.
In Manga FOMO Chronicles series, our protagonist, "The Otaku", is
constantly searching for projects with strong fundamentals. In his never
ending quest for such gems, he's unknowingly educating collectors about
projects that Manga chooses to partner with as each manga helps to
articulate the mission of our partner projects. In turn, introducing the best
possible projects and strategies with each story.
Each manga will be created as a Non-Fungible Token (NFT) on the
blockchain. This means that they all have unique identification codes and
metadata which distinguish them from each other. This differs from
cryptocurrencies which are interchangeable (fungible).
Helping to educate the world of crypto on fundamentally sound and
secure projects is an ambitious task to tackle alone. Therefore we have
partnered with many of the top quality projects in crypto, to start to build
a unified network of communities. This way we actively promote valuable
projects, use cases, safety and education effectively and efficiently using
NFTs. Furthermore, with a larger network, we can also assist new projects
with building their communities and helping them to understand the
space in a more meaningful way.
The team will also educate and provide the tools necessary for upcoming
artists, content creators and existing real-world projects to safely transition
and produce their work onto the blockchain to create revenue streams.
Page 2
2.1 MANGA FOMO CHRONICLES NFT
Manga FOMO Chronicles will be the first collection and it will be
represented as a BEP-1155 NFT on the Binance Smart Chain network. For
each edition of Manga FOMO Chronicles manga, there will only ever be a
limited number of NFTs minted. Once minted, there will never be an
increase in supply, to protect the value of investors' assets through the
scarcity of the NFT.
Each edition of Manga FOMO Chronicles will be available for sale
according to the team’s schedules and NFT marketplace. Following that,
the NFTs can only be obtained through secondary marketplaces.
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2.1a NFT USE CASES
More utilities will be implemented into the ecosystem gradually. The
holders of Manga FOMO Chronicles NFT will be eligible for the following
use cases, but not limited to:
"Earn as you Learn" Program
For every of Manga FOMO Chronicles manga NFT sold, a portion of the
sales will be airdropped to the NFT holders in our Tier Memberships. More
details will be available with the sales launch.
Token Burn
For each of Manga FOMO Chronicles Edition (Not partner edition) NFT
sold, a portion of the sales will be used to buy back $OTAKU token which
will be burned through the smart contract.
Promo Arts Airdrop
A snapshot will be taken at a specific time and date. Whoever holds
Manga FOMO Chronicles NFT will be eligible for an airdrop.
Token Airdrops
Each of Manga FOMO Chronicles NFT carries an amount of tokens to be
airdropped to holders over a period of time. Details of token airdrops will
be announced with the sales launch.
Higher APY Staking Pool
Holders of Manga FOMO Chronicles NFT will be whitelisted for a higher
Annual Percentage Yield staking pool.
Utilities Within Partner’s Ecosystem
Manga FOMO Chronicles NFT featuring our partners will be eligible for
utilities within their ecosystem. This will vary from allocated presale tokens,
lotteries, NFT airdrops and more. Details will be available with the sales
launch.
Page 4
2.2 OTAKU Token
$OTAKU will be the official ticker for Manga FOMO Chronicles. It is a
deflationary asset which promotes higher value as the total supply of the
token decreases through a series of token burns. For every NFT Manga sold,
a portion of the sales will be used to buy back $OTAKU from the exchange.
These tokens will then be burned through the smart contract, resulting in
a lower total supply.
Overview
Token Ticker: $OTAKU
Type: BEP20
Public Sale Price: $0.01
Total Supply: 950,000,000
Circulation Supply on TGE: 25,578,750**
Initial Market Cap: $255,788**
** Finalised Supply & Initial MC after Dynamic Raise (see Page 6)
6.0% 20%
Exchange Liquidity Team & Advisors
22.6% 29.4%
Private & Public Rounds Operations / Marketing /
Reserves
22%
Content Creator Program /
Staking Rewards
Page 5
2.2a ALLOCATION & DISTRIBUTION
The token sale will occur in five (5) separate rounds, each with specific
percentage allocations, token values, and vesting schedules, as per below.
Each round will be hard-capped to the specified amount of tokens. A total
of 214,700,000* (22.6%) will be allocated for private and public rounds.
*Dynamic Raises have been conducted in Iron Hands & FOMO Rounds to
cater to high demand for our Manga NFT sales. Final amount has been
adjusted.
Page 6
2.2b TOKEN USE CASES
More utilities will be implemented into the ecosystem gradually. The
token holder of $OTAKU will be eligible for the following use cases, but not
limited to:
Payment System
$OTAKU will be used to purchase Manga FOMO Chronicles new releases
and associated merchandise within Manga FOMO Chronicles ecosystem,
post-launch.
Staking
$OTAKU holders will be able to stake their tokens to earn more $OTAKU at
a given Annual Percentage Yield. Staking details will be available soon.
NFT Airdrops
NFT will be airdropped to reward $OTAKU stakers according to the staking
duration x total number of $OTAKU staked.
Be Part of the Manga FOMO Chronicles Series
Holders and stakers of $OTAKU will be given opportunities to win and
design their own characters that will be featured in Manga FOMO
Chronicles series through a lottery system. Every time the character
appears in the manga, they will be rewarded in $OTAKU Tokens.
Tier Membership
To qualify for the Tier Membership, users will need to hold a required
amount for each tier. Each tier will consist of different utilities such as
passive income from NFT sales, profit sharing from NFT sales, governance
committee, voting/approval rights, etc. Details of Tier Memberships will be
available soon.
NFT Game
Coming Soon...
Page 7
3. PARTNERSHIPS
Manga FOMO Chronicles seek to build a unified network of communities.
As such, we will be actively looking to increase our existing partnership
base with only the best projects in the space.
As part of our partnership collaborations, a limited edition NFT of Manga
FOMO Chronicles series will be created and launched featuring each one
of our partners.
For every "Partner's Edition" NFT sold, the sales will be split between
Manga FOMO Chronicles and the partner. Both parties will then use a
portion of the sales to buy back the other party's token and locking it into
a staking contract or by providing liquidity into their respective
Decentralised Exchange, effectively reducing the total amount of
circulating tokens in the market.
Page 83. PARTNERSHIPS
Our Investors
Our Partners
Page 93. PARTNERSHIPS
Our Partners
Page 104. ROADMAPS
Idea Conceptualization
Team Formation
Q2
Website & Social Media Launch
2021
Project Incubation
Partnership Development
Q3
Manga FOMO Chronicles NFT Creation
2021
Project Fund Raising
BEP20 Smart Contract Deployment & Audit
Q4
Manga FOMO Chronicles NFT Sales Launch
2021 IDO Launch
$OTAKU Staking
Manga FOMO Chronicles Video Launch
NFT Mining
Cross-chain Deployment
Integration of Token Bridging
NFT Game Development
Onboarding Content Creators & Artists
NFT Game Launch
Q1
Artist Marketplace
2022 Integration onto NFT Gaming Platform
Multi-chain Bridging
Page 115. CONCLUSION
Manga FOMO Chronicles is a cross-chain incentivized platform with the
main goal of educating the general public about fundamentally sound
projects in the cryptosphere in a funny, immersive and incentivized way
via manga NFT. $OTAKU is a deflationary token designed to reward long
term investors.
We will partner with the best existing and future blockchain projects to
further improve the shared ecosystem. In addition, it will allow us to build
a unified network of communities and assist new projects in organic
community growth.
We will also launch exclusive editions for our partners. Not only that, but
the community will also have the opportunity to land themselves a limited
edition collectible NFT that will come with multiple utilities. These utilities
vary from token airdrops, staking options, lottery entries, partners' rewards
and even in some cases, presale tokens!
We will help to onboard content creators and artists to publish their work
on the blockchain safely using our technology and platform.
Manga FOMO Chronicles as a standalone NFT will be highly collectible and
valuable as it will be the FIRST Animated NFT Manga on the blockchain.
Page 126. REFERENCES
Laboure, M. (2021). Part III. Bitcoins: Can the Tinkerbell Effect Become a Self-
Fulfilling Prophecy? The Future of Payments: Series 2, Retrieved from
https://www.dbresearch.com/PROD/RPS_EN-PROD/RPS_EN_DOC_VIEW.calias?
rwnode=PROD0000000000500284&ProdCollection=PROD0000000000517378
Xangle. (2021, January 26). Crypto Investor Scam Report: Over $16 Billion Stolen
From Investors Since 2012. Retrieved from
https://xangle.io/research/600f829ccda050fbf6a6ba0f
Steve, K. (2021, February 8). Tesla buys $1.5 billion in bitcoin, plans to accept it as
payment. Retrieved from https://www.cnbc.com/2021/02/08/tesla-buys-1point5-
billion-in-bitcoin.html
Bolster, (2021, March 25). Cryptocurrency Scam Report. Retrieved from
https://www.businesswire.com/news/home/20210325005317/en/Bolster-
Research-Shows-Cryptocurrency-Scams-Nearly-Doubled-in-2020-and-Forecasts-
More-This-Year%C2%A0
Gertrude, C.D. (2021, April 6). Crypto market cap surges to record $2 trillion,
bitcoin at $1.1 trillion. Retrieved from https://www.reuters.com/article/us-crypto-
currency-marketcap-idUSKBN2BS1I7
Dan, S. (2021, April 9). Top 5 Bitcoin and Crypto Scams. Retrieved from
https://www.benzinga.com/money/top-5-bitcoin-and-crypto-scams/
Page 13Disclaimer
Manga FOMO Chronicles team encourages all potential investors to
conduct their own intensive due diligence and to consult your financial
advisor before making any investment related decisions.
Manga FOMO Chronicles does not guarantee, and accepts no legal
liability whatsoever arising from, or connected to, the accuracy, reliability,
currency, or completeness of the information within this Litepaper.
Potential buyers and holders should seek appropriate independent
professional advice prior to relying on, or entering into any commitment or
transaction based on information published in this Litepaper, which is
purely published for reference purposes.
Manga FOMO Chronicles does not take any legal responsibility for any
loss in the value of $OTAKU. Please take notice that $OTAKU is not a
security, it is meant for use within the Manga FOMO Chronicles ecosystem.
Manga FOMO Chronicles
https://fomochronicles.com
COPYRIGHT all rights reserved by Manga FOMO Chronicles
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