ATOZ
About ATOZ
The story of ATOZ is inhabited by 1 God, 1 Fire King, 1 Water King, 1 Air King, 1 Earth King and 3328 unique souls connected to them. The collection is shaped accordingly. Gods and kings are 1/1 drawings. The traits of 3328 NFTs are very similar for each race. There is no superiority between both traits and races. The community will decide which race and which traits will be more valuable.
ATOZ main business / revenue generating model is through an Algorithmic Trade Bot used on Binance which is claimed to be running for the past 3 years with over 250 features that have been specially coded by the team. The Bot only trades USDT pairs. The revenue generated from from the Trade Bot will be split between 3 different ‘pools’ as follows:
– The Insurance Pool: 40% of the profits will be transferred to the Insurance Pool.
– The Respect Pool: 40% of the profits will be transferred to the Respect Pool.
– Development: 20% of the profits will be used in the development of the project.
50% of mint funds will be transferred to the Algorithmic Trade Bot which is what it will start off with to trade and start generating profits. That number is 150k but they announced it was 134k that will be used to trade. They also state that the average monthly gains on that number is 4-7% which is 5.4k-9.4k, with all profits being divided up between the pools mentioned above.
The Bot is traded using only Spot and no leverage and claims to be ‘Low Risk’. This means only Long positions can be taken, reducing the effectiveness of the bot during Bear Markets or Downtrends.
The other 50% of mint funds will be added to the Insurance Pool.
Holders are promised ‘Rev Share’ from the project but it has been stated that this does not start straight away and will be announced at a later date. The Founders said to me that 80% of profits made from all pools will eventually be spread between holders (this is not written in any of their documentation or within the discord) which doesn’t make sense to me because that means out of the remaining 20%, the rest is distributed to the different pools which significantly reduces the amount reinvested.
They said they have an agreement with SharkyFi where you can lend your ATOZ NFT and get the mint price back (4 SOL) which you can use to buy more ATOZ with on secondary.
The Respect Pool: This is a fund which is committed to investing in quality projects in the ecosystem. When the pool purchases an NFT from another project and sells it, 50% of that profit will be added to the Insurance Pool with the remaining 50% staying in the Respect Pool.
– Each holder will be a shareholder of the Respect Pool with each share being 1 to 1 with the number of NFTs owned.
The Insurance Pool: This is a fund which aims to ‘guarantee your investment’. It commits to buying back all NFTs listed at or below mint price with any NFT purchased to be held in the Insurance Pool and ‘auctioned off’ with revenue added back into the Insurance Pool.
– As the amount in the Insurance Pool rises, the guaranteed amount for 1 NFT will increase continuously. Meaning when it increases, any NFTs at the specified price increase or below will be automatically purchased from secondary markets.
– Loans to SharkyFi as ATOZ are issued through this pool.
Another collection has already been announced called Upsilon.
– 1744 total supply
– Each holder of ATOZ will be airdropped 1 Upsilon for every 2 NFTs owned with the consideration of Kings of Air, Water, Earth, Fire = 10 Upsilon each and GOD = 40 Upsilon.
With all the profits obtained and to be obtained in the Insurance Pool, Upsilon NFTs will be continuously SWEEP’d and BURN’d via Magiceden and Tensor until 333 units remain from the floor. They aren’t giving a reason as to what the 333 NFTs will be used for at the moment.
| Team Members | Role |
|---|
They say they have 5 engineers but there is no information on them. Only 2 people are listed in their ‘Team’ which are the founders who also seem to be Degod holders. Both have a low follower count on Twitter.
I also can’t find any information on MagicEden to say that they are Doxxed.
Founder: Takao – https://twitter.com/takaosol
Founder: Xanthi – https://twitter.com/xanthisol
They have a few moderators in the discord but when asked multiple simple questions they were unable to answer and had to direct me to the Founders.
The overall business model sounds great and the art is pretty cool but i really spent time asking a lot of questions to the founders and picking this project apart as much as i could and while i do like the business model, there were a lot of red flags for me.
Lets go through them.
Red Flags:
– Rev share does not start straight away and will be announced at a later date. Information on rev share is not stated in any documentation or within the discord and without this piece of utility the benefit of owning the NFT is worthless. I could understand delaying rev share if the funds traded were going to compound but that doesn’t seem to be the case.
– 100% of the profits are said to be distributed to the different pools each month. This means there is no compounding effect on the overall amount which means there is no growth. I asked the Founders to clarify this 3 times and the question was basically redirected to answer something else. This also contradicts the fact that i was told 80% of the profits will be split between holders as ‘rev share’ and the remaining 20% distributed as per the stated percentages into each pool.
– They said profits obtained from the Algorithm Trade Bot will buy Solana which seems odd to me because you would assume being a Low Risk business model they would hold a more stable asset like USDT.
– I also asked what the average win rate percentage of the bot is and was told “this varies by market and there are many variables, i cant say for sure about that”. Any Trading Bot will have that kind of information readily available. This is a big red flag.
– The 4 SOL cash back they guarantee through their agreement with SharkyFi has no information available to the public. This means they are essentially giving back the entire amount of mint funds raised to their holders which seems very weird to me.
– No roadmap and very little information in the White paper.
– No information on the Algo Bot or previous history made available to holders of the NFT.
– No team member has been Doxxed.
– Most questions i asked were given very vague answers.
The general vibe i was getting from the community was very hype based with talks of the floor price ‘mooning’.
In conclusion, there is a lot going on with this project and many important aspects seem very vague.
This project is giving me ponzi vibes so im going to have to go with my gut and say i will be staying away from this one.