Droid Capital

DeFi / Utility
Blockchain: Solana
Collection size: 6300
Mint date: 18/05/2022
Mint price: 3 SOL
Current floor price (ME): 0.92 SOL
Total Listed (ME): 159
Total Sales (ME): 38,808.97 SOL
Project verified by
Last review update May 5th, 2023

About Droid Capital

About Droid Capital:

Droid Capital is a DAO based NFT project where holding an NFT you become part of the DAO that capitalizes upon an array of leading Crypto-native opportunities that are difficult for public investors to access biased toward the Metaverse, DeFi , Gaming and utility providing NFT sectors. The Droid Capital founders do not make investments on your behalf. It is Droid DAO that executes the project’s strategy. As a Droid Capital NFT holder you have a say in what this is.

 

https://magiceden.io/marketplace/droid_capital

 

Utility

Staking: 

All Droid Capital NFTs can be staked for fixed intervals. To reward holders for staking over progressively longer fixed intervals the NFT daily token emissions moves higher along a pre-determined yield curve.

Unstaked NFTs will not receive $DROID emissions. The 2x multiplier between 6 and 12 months locked represents a large staking incentive for the longest available interval. A high percentage of fixed interval staking within a collection greatly thins the floor, signals high confidence in the project and team, and correlates with elevated rates of DAO participation.

 

Droid DAO NFT holders are differentiated from $DROID holders by their access to the DAO. NFT stakers are rewarded with passive emissions of $DROID, which is intended to be a measured quantity of free utility provided to NFT owners. The longer a NFT is owned and staked, the more tokens that are emitted to a holder.
Given that there is no team token allocation, staking is the only vehicle through which tokens can be acquired passively. This allocation has been calculated to account for all NFT emissions from the launch of the genesis collection. At the end of every quarter, any extra tokens not redeemed will be rolled directly into the DAO reserves before the next quarter emission allocation unlocks.

Utilities offered to token holders are gated within the $DROID ecosystem, not behind NFT ownership. Ownership of one or more Droid Capital NFTs provides access to increased rates of $DROID emissions and therefore greater access to DAO activities. The ownership and staking of Droid NFTs will give holders access to $DROID and our governance protocol.

 

The Treasury:

The treasury is that main utility of holding a Droid NFT where you get to vote on any major investment decisions. 1 Droid NFT is counted as 1 vote.  The project main goal is to increase its capital for NFT holders. Below is the most recent treasury update that they release once a month to show how the DAO has been allocating funds and investing.

Radar: Radar is their discord bot that you can pay for your subscription in $DROID starting from 2000 $DROID/ month. This is beneficial for holders as projects have to buy $DROID to pay for their subscriptions which drives demand for the token.
Art
Team
Team Members Role
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iAmDroid (High Council and Co-Founder) Accomplished finance professional, holds a Master of Commerce (Finance, International Business). 10+ years experience in high-performing, commercial teams focused on portfolio strategy, high-value transactions and complex asset valuations. Lover of blues music, strong coffee, Aussie beaches, and Hazy Pale Ales. Co-founder of Droid Capital.

aDroid (High Council and Co-Founder) Accredited chartered accountant with an actuarial background. Started his career with a big 4 firm in Australia and is currently founding CEO and director of a investment management house. Currently sits on the board of several companies in Australia and the Middle East. Lives for the deal – hustles in his sleep. Reads pitch decks for fun. Co-founder of Droid Capital.

Paolo (High Council and Senior Trader) Paolo has been working for 30y in traditional finance. Managing director of a major investment bank in London, covered senior roles in the global markets division, heading a team of hedge funds and institutional funds sales. Experienced trader and currently advising a large macro hedge fund running portfolios of equities and commodities. He is also a navigated investor in NFTs, with a conviction on solid projects and a vision for the long term. Joined the High Council as an external independent advisor.

Rootie (Discord Manager & OG Member) Manager Silicon Valley tech slave by day, NFT degen by night. Data driven individual currently pursuing a Masters. Makes music on the side and addicted to sports. OG Mod, helping to build and manage the Droid discord and collaborations.

Killuavie (Head of Treasury) Hello fellow droids! I’m Killu, 27 years old, Greetings from Canada! Interested in crypto since 2015, aped in early 2017, and absolute degen ever since. Apart from crypto, I’ve been working full time at one of the Big Five for about 4 years now. Started as a banking advisor, then specialized in credit and recently I decided, due to obvs macroecon. circumstances, to fade finance and join the technology team of the bank. Now ; As the Head of Treasury, I will be responsible along with The High Council, for tackling various challenges like wallet management/security, budgeting, risk-management, liquidity/cashflow management etc. (see Treasury Policy doc for more info). The Treasury Arm and I are always open for questions, suggestions and alpha , so feel free to reach out! My goal is to provide as much transparency as droidly possible to our treasury wallets and help the DAO establish itself as the leader in treasury management/transparency on Solana.

Dr .Ł (Head of Governance) Curious by nature and constantly learning. Has several years experience working as a (web2) back-end developer, moved to science more than 10 years ago. Holds a PhD in physics and astronomy, leader of various international scientific collaborations and instrument development with institutions and companies around the globe. Passionate about science and technology with a strong background in data science, stats and modelling. Started to dip my toes in crypto in 2019 diving deep into DeFi soon after. Since then, I have been involved in several DAOs.

Thzz (Head of Research and Analysis) Worked for two well known leaders in Enterprise tech space from 1990-2001 focused in sales/marketing/customer acquisition in F500. Co-founded B2B Technology company in 2004. As CEO, took that company public via IPO on Nasdaq. Sold that company 2014. Founded another B2B tech company in 2017. Private company but sold that to a public company in 2019. BS Computer Science, Masters Business Administration. Became absolutely enamored with NFTs in Nov ’21. I’m learning as much as I can about Web3/Blockchain/NFT. Feels like we are all just pilgrims that have just landed on Plymouth Rock. Hopefully I will end up with land that ends being Web3 equivalent of Manhattan. Responsible as the Team Leader for Research ARM and focused on improving the process utilized to present, discuss, analyze and vote on DroidDao investments.

Fountain (DAO Manager) From ‘Down Under’, I’ve got a military background and have served and lead teams on deployments across the world. My real passion however, is in investing and I am just finishing up a degree in Finance. I hope to leverage these skills alongside my drive and determination to succeed to bring value to Droid Capital and its holders. I’m a ‘boots on the ground’ style operator so please feel free to slide into my DM’s, my door is always open. When I’m touching grass, I’ll most likely be watching the footy, having a beer or walking my dog. It’s DROID SZN.

Trainor (DAO Manager) Hi all, I’m a long time crypto nerd and technologist. Started in crypto for the Byzantine fault tolerance and cryptography, stayed for the memes and community. Most relevantly my background is in financial technology: leading teams, delivering cool products and executing on a team vision. I’m really excited to be a part of the DAO to help make Droid a blue chip project and, hopefully, to Make Solana Great Again.

DAO elections are held every 3 months. Community members actively contribute to the growth of the project.

 

 

Chart
Review

Pros:  

The team doesn’t draw a wage from the project so they can keep as much capital as possible to invest in VC deals.

The teams holds a lot of Droid NFT’s which gives them the drive to really bring value to the holders as this is the way that they will be able to get a ROI by either selling some or staking and making a return selling $DROID.

A pro for right now is that we could potentially be on the cusp of another bull market which could see the DAO funds grow significantly.

They have a locked staking mechanism where if you lock up your NFT’s for 52 weeks your rewards are increased dramatically meaning more NFT’s locked up creates a supply shock which can be good for the floor price.

Cons: 

The project holds a lot of Droid NFT’s which can give them major upper hand in voting rights as one NFT is one vote which could mean they can turn thing in their favour at times.

Locking your NFT’s for staking while its good for the project if you need to get out of the project for any reason you may have to wait until your staking is over or buy 5000 $droid to unlock it.

General Thoughts:

I like this project as a higher risk longer term hold as the investments they have made so far I would see as fairly high risk in my eyes. If we are in fact near the bottom of the bear market I think this project will do well with the prices of everything going up should see there investment grow significantly with the rest of the crypto space. I think that they really need to find some more way of drying up the supply of $DROID to see the token hold a decent value as its pretty low at the moment so it will be interesting to see in what ways they will do this.

 

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