Hi
We would like the community funding to help create Mobile Apps and games which would in return Provide Capital to Repeg USTC and Burn All Supply of Lunc, until we are down to 2 Billion Lunc.
The games and funds generated from it will forever belong to Lunc Community .
We propose to Create a Multiple High quality games which would require NFT’s to play.
We would generate Funds by selling NFT to everyone in open via a web site ( Open sea or Market Place)
NFT would only be sold via Lunc, Different Kind of NFT’s would be available at different prices
After Purchasing the NFT Gamers would be able to play games and earn Game Points would would lead them to getting hold of a Super Rare Token ( GAME X) which would be listed on Top tier ( tier 1) across the Crypto Platform with a MAXIMUM Supply if 1 Million.
We expect to Burn all Lunc supply by the time 1 Million token are Minted ( we want to achieve this target in 3 Years) after the launch of Platform
Every time 1 token is minted by the User, 1 Token from the total supply of GAME X token will be issued to Burn Lunc OR Help Repeg of USTC, this would be done on quarterly Basis
We would also Like to create a Merc store for Generating Income from the same funds and Games.
After Successful Completion of games and merc store, we plan to introduce apps to Lunc, which will allow users to Purchase on web sites Like AMAZON using Lunc
The Funds Generated by the NFT Sales and Merc Store are to be used in following ways
20% to help Repeg USTC to a $, we plan to implement/ help REDLINE ( Please read) incremental plan/Proposal
20% to Burn Lunc Every Month
40% for Running Costs and try to move away from community funding and become Self Sustainable
20% as reserves for staking Lunc ( Emergency Fund)
The development cost of this entire project is expected to be undertaken by the community until it becomes self sustainable
Total Cost for this project USD $1.2 Million, time frame 3 Years ( we expect the Project to become profitable and self sustainable much earlier)
We would not need $2 Million from the word go, we would split this cost and like the funds to be released gradually over the period of time
We will need funding of 300,000$ per exchange ( we only plan to list GAME X token on top tier Exchange) this would be the last stage before the project Launches
We will Start with $50,000 a month to build and buy infrastructure and then gradually plan todecrease it to $30,000 a month and once the platform is live and operation we plan to reduce down to $20k and keep on reducing the cost.
Cost Breakup
Salaries: $25,000-$30,000 a month
$10,000 towards Equipment
$1000 toward Rent and Electricity
$8000 towards Misc. Expenses and contingency
Records of every $ spent will be made available via Receipts of equipment purchased, Rent paid Name and Tax Filed etc.
The development of a complete game usually involves a team of 20 (minimum) individuals with various responsibilities, including programmers, artist, designers, sound , testers etc.
The remaining funds will sit Idle and will be used for Marketing and Promotional purposes.
These details would be provided to community if and when the project passes approval
Later on we would need this funding for promotions and Marketing of the games and apps, we create
Also please do remember these cost will go down, once the project has been completed and App have become Self Sustainable
Your feedback is welcome
Positive and negative, Lets see how community feels about it