Bodega Blocks: The White Paper
BODEGA BLOCKS IS AN URBAN ART AND UTILITY NFT PROJECT PASSIVELY REWARDING NFT HOLDERS A MINIMUM 4.16% PER MONTH (50% APY) IN USDT.
WHAT IS A BODEGA?
A Bodega is a small owner-operated convenience store, where, often, the owner lives in a separate small residence on the Bodega property. For centuries family run Bodegas have been central points in communities, renowned for their convivial culture and colorful character. Bodegas are known for selling everything from candy, coffee, lottery tickets, sandwiches, laundry soap, and everything in between.
by Shawn Hoke
AN ART PROJECT DRIVEN BY UTILITY
Just like a Bodega that provides goods for their neighborhood, there is something for everyone. Similarly, the Bodega Blocks project wants to deliver you this kind of utility in an NFT. By combining the best ideas from Web3, NFTs, Defi, Metaverse’s, Passive Rewards, and NFT Gaming.
Through our diverse experiences in Defi, we have created an NFT project that can deliver something for everyone — unique art, high-definition printing, return of investment through passive rewards, community first driven team, expansive roadmap with additional use cases and opportunities for holders through gamification.
Our team longed to find a project that brought together a sense of place and purpose for artists’ and holders’ alike. Art is as ubiquitous as bodegas are around the world. Both the Bodega and the Artist provides something that the community needs, wants…and didn’t realize they were missing. And, just as Bodegas rely on community support, Artist’s do as well.
At Bodega Blocks we are committed to supporting up-and-coming artists and established names. We’re introducing White Squid Tokyo to the NFT and Crypto space, which will add to the incredible artistic fabric that is this community. We are collaborating with artists to showcase their art within our collection — these collabs will be providing original art and custom attributes. This is in addition to embedding NFT’s of existing collections, essentially creating derivatives and legendary rarities within the collection. These curated pieces will highlight those Artists and expand their own market of collectors. Additionally, Bodega Blocks provides cross marketing opportunities to those artists via dedicated communication channels in our socials and through our promotional posts.
The first collection of Bodega Blocks will be multiple generative efforts that are combined randomized into one exceptionally unique collection of 2D Isometric buildings that are inspired by real life corner stores and markets in Tokyo, Japan. These NFTs will be available in High Definition, 4000 x 4000-pixel, download.
As our Road Map describes, this is just the start of our art initiative.
NOT JUST ANY NFT PROJECT | UNIQUE NFT FEATURES
Passive Rewards
Many projects these days offer “passive income” with an insanely high ROI and APY’s in the hundreds of thousands.
Projects achieve this by rewarding their holders with their native token which they continually mint and therefore dilute the supply. The constant selling pressure from these huge rewards in return kills the price of their native token and that “passive income” is now worthless.
Other projects offer users passive rewards in the form of tokenomics which only works if the project maintains a constant trading volume, which it fails to achieve because of the taxes imposed on every transaction.
Bodega Blocks uses a unique model for its ecosystem as it doesn’t rely on volume and there is no native token. Bodega Blocks rewards it’s holders with “rent” in the form of USDT stablecoin, with a minimum return of 50% APY. NFT holders can connect their wallet to claim stablecoin rewards in USDT as often as they would like (it is recommended to limit withdrawing to weekly/monthly to save on gas costs)
Benefits of using NFTomics
It’s not uncommon in the NFT space — You discover a project, DYOR, get hyped, and anxiously await mint date. Mint arrives and you mint your new favorite NFT. Reveal date comes, and you logon on OS to check out your new arrival. Admiring your new NFT, you see the floor start to drop as people don’t like their reveal and start to sell out. Your new NFT is suddenly worth half its value. Regret ensues, the excitement for the project is gone.
We’ve been there before, and its why we’ve set out to change floor speculation forever. We have a dedicated buyback wallet that acquires funds from secondary market royalties, secondary mints, and our revenue model (this wallet will be initially seeded with capital after the Bodega mint)
The buyback wallet is used to purchase Bodega NFTs from the secondary market and remove them from circulation forever by burning them. The buyback and burn function acts as a floor stabilizer whilst making the collection rarer and increases remaining holders’ rewards.
The collection size decreases whilst the rewards pool is fixed in value therefore with every Bodega removed from circulation the rewards are now shared amongst less NFTs. Welcome to Deflationary supply with Appreciating APY’s. We call this the Bodega Effect.
The Bodega Effect
Bodega Effect reduces speculation and risks involved with purchasing assets by providing increasing rewards to holders and a guarantee of secondary market liquidity through the introduction of the buyback and burn model
Burned Bodegas will remain viewable on our website under the ‘Historical District’.
Claim rewards through our dApp
You may have heard the term dApp, short for Decentralized Application. dApps are used throughout defi to interact directly with a smart contract(s). dApps are a safe, secure, and decentralized way to interact directly with our smart contract to claim your rewards. dApps have no single point of failure, as they work throughout the network of nodes on the blockchain, and are trust-less, immutable, and audited. By connecting to our dApp for minting and claiming, your rewards are constantly accrued,
allowing you to claim whenever convenient.
Stablecoin Rewards
It’s a big deal and perfect for holding during a bear market. Simply put, the value of your rewards isn’t dependent on a native token. Bodega Blocks rewards are claimed directly in USDT, removing volatility and speculation from the equation. Other benefits of using stablecoin rewards are incentivizing long-term holding, return on investment, stabilise floor and provide longevity to the project.
Upgradeable & Embeddable NFT’s
Bodega Blocks uses top of the line NFT contracts that are embeddable and upgradeable, meaning they have on chain attributes that can increase, and can be stored inside of another NFT, enabling Bodega Blocks Holders’ the ability to upgrade and increase their rewards APY and evolve your NFT with Bodega’s roadmap. These NFT contracts are beginning to be utilized within NFT games and will allow us to achieve our roadmap as we continue to add and build in additional features to Bodega Blocks.
HOW WE DO IT
There are different ways to maintain the decentralization, security, block approval and governance of the blockchain. Mining, staking and masternoding are the most recognized systems that provide these features.
Maintaining the integrity of a blockchain comes at high setup costs, large capital requirements, ongoing costs, and knowledge of the blockchains you’re maintaining.
Bodega Blocks uses treasury funds to maintain different blockchain infrastructure by engaging and managing masternode pools and shared nodes.
We use different investment strategies and services to diversify the treasury across different blockchains whilst trying to maintain a happy medium between risk and reward.
Our model is less speculative than asset appreciation and more focused on upkeep of the blockchain. We receive block rewards regardless of the price action of the asset that we maintain.
The Bodega Blocks team consists of individuals who have prior experience in this field and possess all the skills needed to maintain hardware, risk management, trend analytics, diversification, and proven results of capital gains.
The service we provide is essential to blockchains and thus we believe this model and our prior experience in the space makes Bodega Blocks sustainable long term and can be highly rewarding for all holders and the project growth.
ROADMAP
ABOUT US
Bodega Blocks Core Team consists of a group of like-minded individuals with vast experience in the crypto and NFT space.
Our background includes project development and contract deployment, community management, marketing, and website development. We employ 4 full time developers, with vast experience in Back End, Front End, Blockchain, Full Stack, Unity and NFT Game Development, 2d and 3d digital artists, as well as Web Development.
IRL we are Art & NFT collectors, Defi Investors, website engineers, electrical engineers, entrepreneurs, real estate developers, business owners, warehouse workers, roofing repairmen, and most importantly, we’re family oriented.
The Team came together serendipitously — bonded by a shared ideal of what the defi experience should be. We’ve seen how projects become successful, and how they die. We’ve seen how communities flourish…and how they’re destroyed. We’ve been rugged more times than we can count. We began creating Bodega Blocks by going down the list of everything we don’t want to happen to a project. This process defined our values and priorities. One of those principles is to only start a project and
create a community if we do it the right way: with integrity.
Bodega Blocks is a unique concept — art driven NFT’s with a Defi investment utility. It represents the sum of all our parts — our experiences and backgrounds.
Some of us prioritize the art; some prioritize community; some prioritize utility, and some prioritize marketability. Does it look cool? Does it serve a purpose? Does it add value to buyers/holders/owners? Does it add value to the artists? Does it create value within the community? Only when every idea led to a YES, did we decide to move forward and deliver Bodega Blocks to the ether. This inclusive value proposition is in-line with what a ‘’Bodega’’ is and represents.
Web: https://bodegablocks.io/
Twitter: https://twitter.com/BodegaBlocksNFT
Discord: www.discord.gg/BodegaBlocks
Our Discord server is currently private. Windows of server openings occur regularly via our Twitter account.
